Innventure (NASDAQ:INV) CEO Acquires 50,000 Shares of Stock

Key Points

• Innventure CEO Gregory Haskell bought 50,000 shares at an average price of $1.51, investing $75,500 and increasing his ownership by 5.38% to 979,803 shares.
• Innventure shares rose 4.3% to $1.56, but the company recently reported a larger-than-expected quarterly loss of $0.32 per share and revenue below forecasts.
• Analyst sentiment remains negative: MarketBeat reports an average rating of “Sell” with a $5.00 consensus price target, while institutional investors own 55.98% of the stock.

Innventure, Inc. (NASDAQ:INV - Get Free Report) CEO Gregory Haskell acquired 50,000 shares of the stock in a transaction dated Thursday, August 20th. The stock was bought at an average cost of $1.51 per share, with a total value of $75,500.00. Following the completion of the purchase, the chief executive officer owned 979,803 shares of the company's stock, valued at approximately $1,479,502.53. The trade was a 5.38% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Innventure Stock Up 4.3%

NASDAQ:INV traded up $0.07 on Friday, hitting $1.56. The stock had a trading volume of 1,950,549 shares, compared to its average volume of 2,372,151. Innventure, Inc. has a 1 year low of $1.26 and a 1 year high of $7.86. The firm's fifty day simple moving average is $4.07 and its two-hundred day simple moving average is $4.51. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.15 and a current ratio of 1.20. The stock has a market cap of $131.53 million, a P/E ratio of -1.02 and a beta of 0.43.

Innventure (NASDAQ:INV - Get Free Report) last released its earnings results on Thursday, August 13th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.97 million. Analysts predict that Innventure, Inc. will post -1.17 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on INV. Wall Street Zen cut Innventure from a "hold" rating to a "sell" rating in a research note on Saturday, August 15th. Northland Securities set a $5.00 price target on Innventure in a report on Friday, August 14th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Innventure in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of "Sell" and a consensus price target of $5.00.

Hedge Funds Weigh In On Innventure

A number of large investors have recently modified their holdings of INV. BOK Financial Private Wealth Inc. bought a new stake in Innventure in the 2nd quarter worth approximately $25,000. Police & Firemen s Retirement System of New Jersey bought a new position in Innventure during the fourth quarter valued at approximately $32,000. Essential Partners LLC purchased a new position in shares of Innventure during the first quarter worth approximately $32,000. Valley Forge Investment Consultants Inc. ADV purchased a new position in shares of Innventure during the second quarter worth approximately $51,000. Finally, Pallas Capital Advisors LLC purchased a new position in shares of Innventure during the second quarter worth approximately $53,000. 55.98% of the stock is 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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