Insider Buying: Innventure (NASDAQ:INV) Director Purchases 225,000 Shares

Innventure, Inc. (NASDAQ:INV) Director James Donnally acquired 225,000 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The shares were acquired at an average cost of $1.50 per share, for a total transaction of $337,500.00. Following the transaction, the director owned 252,886 shares of the company’s stock, valued at approximately $379,329. This represents a 806.86% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Innventure Stock Up 4.3%

INV stock traded up $0.07 during trading hours on Friday, hitting $1.56. The company’s stock had a trading volume of 1,950,549 shares, compared to its average volume of 2,372,151. The company has a quick ratio of 1.15, a current ratio of 1.20 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $131.53 million, a PE ratio of -1.02 and a beta of 0.43. Innventure, Inc. has a 12 month low of $1.26 and a 12 month high of $7.86. The stock has a 50 day moving average price of $4.07 and a two-hundred day moving average price of $4.51.

Innventure (NASDAQ:INV) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.09). Innventure had a negative net margin of 3,022.42% and a negative return on equity of 21.34%. The business had revenue of $0.95 million for the quarter, compared to the consensus estimate of $1.97 million. On average, equities research analysts expect that Innventure, Inc. will post -1.17 earnings per share for the current year.

Institutional Trading of Innventure

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BOK Financial Private Wealth Inc. bought a new position in Innventure during the second quarter valued at about $25,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in Innventure during the fourth quarter valued at approximately $32,000. Essential Partners LLC acquired a new stake in Innventure in the 1st quarter valued at $32,000. Valley Forge Investment Consultants Inc. ADV bought a new stake in shares of Innventure in the 2nd quarter worth about $51,000. Finally, Pallas Capital Advisors LLC bought a new stake in Innventure during the second quarter worth about $53,000. 55.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

INV has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Innventure in a research note on Tuesday, August 4th. Wall Street Zen cut shares of Innventure from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Finally, Northland Securities set a $5.00 price target on Innventure in a research report on Friday, August 14th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Innventure has an average rating of “Sell” and a consensus target price of $5.00.

Innventure Company Profile

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.