Innventure (INV) Expected to Announce Earnings on Thursday

Innventure (NASDAQ:INV) is projected to issue its results before the market opens on Thursday, February 12th. Analysts expect the company to announce earnings of ($0.32) per share for the quarter.

Innventure (NASDAQ:INV) last posted its quarterly earnings results on Thursday, November 13th. The company reported ($0.51) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.27). The company had revenue of ($5.00) million during the quarter, compared to analyst estimates of $1.98 million. Innventure had a negative net margin of 18,877.40% and a negative return on equity of 29.39%.

Innventure Stock Performance

Shares of Innventure stock opened at $3.35 on Tuesday. The business has a 50-day simple moving average of $4.21 and a 200-day simple moving average of $4.44. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.31 and a current ratio of 0.39. Innventure has a one year low of $2.36 and a one year high of $12.70. The company has a market cap of $226.93 million, a PE ratio of -2.22 and a beta of 0.09.

Insider Buying and Selling at Innventure

In related news, CEO Gregory W. Haskell purchased 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The shares were purchased at an average cost of $5.14 per share, for a total transaction of $51,400.00. Following the purchase, the chief executive officer directly owned 762,115 shares of the company’s stock, valued at $3,917,271.10. The trade was a 1.33% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Stewart Scott sold 452,668 shares of the business’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $5.13, for a total transaction of $2,322,186.84. Following the completion of the sale, the insider directly owned 1,965,051 shares of the company’s stock, valued at approximately $10,080,711.63. This trade represents a 18.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have bought 58,786 shares of company stock worth $244,245 and have sold 2,731,703 shares worth $12,495,241. 23.64% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Innventure

Several hedge funds have recently made changes to their positions in INV. Jane Street Group LLC purchased a new stake in shares of Innventure in the 1st quarter valued at about $172,000. Bridgeway Capital Management LLC acquired a new position in Innventure during the third quarter worth approximately $347,000. Cresset Asset Management LLC purchased a new stake in Innventure in the second quarter valued at approximately $354,000. Goldman Sachs Group Inc. boosted its holdings in shares of Innventure by 55.9% in the first quarter. Goldman Sachs Group Inc. now owns 110,593 shares of the company’s stock valued at $853,000 after acquiring an additional 39,636 shares during the period. Finally, Mariner LLC purchased a new position in shares of Innventure during the third quarter worth approximately $963,000. Hedge funds and other institutional investors own 55.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Innventure in a research report on Monday, December 29th. Northland Securities set a $8.00 target price on shares of Innventure in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $8.00.

About Innventure

Innventure Inc founds, funds and operates companies with a focus on transformative, sustainable technology solutions acquired or licensed from multinational corporations. Innventure Inc, formerly known as Learn CW Investment Corporation, is based in ORLANDO, Fla.