Insider Buying: Innventure (NASDAQ:INV) Director Buys 30,000 Shares of Stock

Key Points

• Director Bruce Brown purchased 30,000 Innventure shares at an average price of $1.51, investing $45,300 and increasing his holdings by 39.01% to 106,905 shares.
• Innventure’s stock recently traded at $1.56, near its 52-week low of $1.26 and well below its 52-week high of $7.86. The company has a market capitalization of about $131.5 million.
• The company reported weaker-than-expected quarterly results, with an adjusted loss of $0.32 per share and revenue of $0.95 million; analysts maintain a consensus “Sell” rating despite a $5.00 average price target.

Innventure, Inc. (NASDAQ:INV - Get Free Report) Director Bruce Brown acquired 30,000 shares of the firm's stock in a transaction that occurred on Thursday, August 20th. The shares were purchased at an average cost of $1.51 per share, for a total transaction of $45,300.00. Following the completion of the acquisition, the director owned 106,905 shares in the company, valued at $161,426.55. This represents a 39.01% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Innventure Price Performance

INV traded up $0.07 during midday trading 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. The company has a market cap of $131.53 million, a P/E ratio of -1.02 and a beta of 0.43. The business has a fifty day moving average of $4.07 and a 200 day moving average of $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. Innventure, Inc. has a 1 year low of $1.26 and a 1 year high of $7.86.

Innventure (NASDAQ:INV - Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.09). The business had revenue of $0.95 million for the quarter, compared to analysts' expectations of $1.97 million. Innventure had a negative return on equity of 21.34% and a negative net margin of 3,022.42%. As a group, equities analysts forecast that Innventure, Inc. will post -1.17 earnings per share for the current fiscal year.

Institutional Trading of Innventure

Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in shares of Innventure during the second quarter worth $19,034,000. Yorkville Advisors Global LP increased its stake in Innventure by 17,166.7% during the fourth quarter. Yorkville Advisors Global LP now owns 1,295,000 shares of the company's stock worth $5,413,000 after purchasing an additional 1,287,500 shares during the period. Stifel Financial Corp acquired a new stake in shares of Innventure in the fourth quarter valued at $2,903,000. Titleist Asset Management LLC acquired a new position in Innventure during the 4th quarter worth $2,059,000. Finally, NewEdge Advisors LLC increased its stake in shares of Innventure by 264.2% during the first quarter. NewEdge Advisors LLC now owns 549,901 shares of the company's stock worth $2,150,000 after buying an additional 398,911 shares during the period. Institutional investors and hedge funds own 55.98% of the company's stock.

Analyst Ratings Changes

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

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