Innventure, Inc. (NASDAQ:INV) Given Consensus Rating of "Strong Buy" by Brokerages

Key Points

• Innventure, Inc. has received a consensus rating of "Strong Buy" from four brokerages, with an average 1-year price target of $14.00.
• The company reported a significant earnings miss in its latest quarterly results, with an EPS of ($1.60), compared to the consensus estimate of ($0.17).
• Despite the poor financial performance, institutional interest in the stock is evident, with several firms acquiring new stakes valued at over $100,000 each in recent quarters.

Innventure, Inc. (NASDAQ:INV - Get Free Report) has been assigned a consensus rating of "Strong Buy" from the four brokerages that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $14.00.

Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Innventure in a research report on Saturday, September 27th.

Innventure Price Performance

Innventure stock traded down $0.61 during mid-day trading on Friday, hitting $5.02. The company's stock had a trading volume of 294,419 shares, compared to its average volume of 123,872. The company has a 50 day moving average of $5.22 and a 200-day moving average of $5.15. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.20 and a current ratio of 0.29. Innventure has a one year low of $3.00 and a one year high of $15.21.

Innventure (NASDAQ:INV - Get Free Report) last announced its quarterly earnings data on Thursday, August 14th. The company reported ($1.60) EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $0.69 million.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE acquired a new stake in Innventure in the fourth quarter valued at approximately $126,000. Fortis Capital Advisors LLC acquired a new position in Innventure during the second quarter worth $52,000. FWG Holdings LLC acquired a new position in Innventure during the first quarter worth $111,000. OMERS ADMINISTRATION Corp purchased a new stake in Innventure in the first quarter valued at $116,000. Finally, Jane Street Group LLC purchased a new stake in Innventure in the first quarter valued at $172,000. 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.

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