Innventure (NASDAQ:INV) Cut to “Sell” at Wall Street Zen

Wall Street Zen lowered shares of Innventure (NASDAQ:INV) from a hold rating to a sell rating in a research report sent to investors on Saturday.

Other equities analysts have also recently issued reports about the company. Northland Securities set a $5.00 target price on Innventure in a research note on Friday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Innventure in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell” and an average price target of $5.00.

Innventure Stock Down 14.2%

NASDAQ INV opened at $1.39 on Friday. Innventure has a 1 year low of $1.33 and a 1 year high of $7.86. The stock has a market capitalization of $116.40 million, a PE ratio of -0.90 and a beta of 0.43. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.20 and a quick ratio of 1.15. The business’s 50-day moving average is $4.32 and its 200 day moving average is $4.55.

Innventure (NASDAQ:INV) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.32) EPS 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. Sell-side analysts forecast that Innventure will post -0.9 earnings per share for the current year.

Institutional Trading of Innventure

Institutional investors and hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. boosted its position in Innventure by 55.9% during the 1st 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 in the last quarter. Jane Street Group LLC purchased a new position in shares of Innventure during the 1st quarter worth approximately $172,000. Geode Capital Management LLC grew its holdings in shares of Innventure by 60.1% during the 2nd quarter. Geode Capital Management LLC now owns 312,201 shares of the company’s stock worth $1,499,000 after acquiring an additional 117,162 shares during the period. Cresset Asset Management LLC bought a new position in shares of Innventure in the 2nd quarter worth approximately $354,000. Finally, Vanguard Group Inc. raised its position in shares of Innventure by 3.9% in the 3rd quarter. Vanguard Group Inc. now owns 1,528,649 shares of the company’s stock worth $8,851,000 after acquiring an additional 56,764 shares in the last quarter. 55.98% of the stock is currently owned by hedge funds and other institutional investors.

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.