Belpointe Asset Management LLC Invests $486,000 in Innventure, Inc. $INV

Key Points

• Belpointe Asset Management LLC invested approximately $486,000 in Innventure, Inc. by purchasing 101,270 shares in the second quarter, holding about 0.19% of the company's stock as of the latest SEC filing.
• Despite recent investments from various hedge funds, Weiss Ratings has maintained a "sell (d-)" rating on Innventure, which has a consensus rating of "Buy" and a price target of $14.00.
• Innventure reported a significant earnings miss for the last quarter, with an EPS of ($1.60) compared to expectations of ($0.17), and the company faced a negative net margin of 20,429.67%.

Belpointe Asset Management LLC purchased a new position in Innventure, Inc. (NASDAQ:INV - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 101,270 shares of the company's stock, valued at approximately $486,000. Belpointe Asset Management LLC owned approximately 0.19% of Innventure as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in INV. PNC Financial Services Group Inc. acquired a new stake in shares of Innventure in the first quarter worth $2,284,000. Abundance Wealth Counselors acquired a new stake in Innventure during the second quarter valued at $3,621,000. Bank of America Corp DE purchased a new position in Innventure in the fourth quarter valued at $126,000. Fortis Capital Advisors LLC acquired a new position in shares of Innventure in the second quarter worth about $52,000. Finally, Goldman Sachs Group Inc. boosted its position in Innventure by 55.9% during the first quarter. Goldman Sachs Group Inc. now owns 110,593 shares of the company's stock worth $853,000 after purchasing an additional 39,636 shares in the last quarter. 55.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a "sell (d-)" rating on shares of Innventure in a research report on Saturday, September 27th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $14.00.

Insider Buying and Selling at Innventure

In related news, Director Daniel J. Hennessy sold 8,606 shares of Innventure stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $5.05, for a total value of $43,460.30. Following the completion of the transaction, the director directly owned 1,184,573 shares in the company, valued at approximately $5,982,093.65. This trade represents a 0.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 15,371 shares of company stock worth $77,979 over the last 90 days. 23.13% of the stock is currently owned by corporate insiders.

Innventure Stock Performance

Shares of Innventure stock opened at $4.51 on Friday. The business's 50 day moving average price is $5.22 and its 200 day moving average price is $5.05. The company has a current ratio of 0.29, a quick ratio of 0.20 and a debt-to-equity ratio of 0.04. Innventure, Inc. has a one year low of $3.00 and a one year high of $14.95.

Innventure (NASDAQ:INV - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The company reported ($1.60) EPS for the quarter, missing analysts' consensus estimates of ($0.17) by ($1.43). Innventure had a negative net margin of 20,429.67% and a negative return on equity of 33.64%. The business had revenue of $0.48 million during the quarter, compared to analyst estimates of $0.69 million.

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.

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