Insider Buying: Innventure (NASDAQ:INV) Director Buys $337,500.00 in Stock

Key Points

• Director James Donnally bought 225,000 Innventure shares at $1.50 each, investing $337,500 and increasing his direct ownership by 806.86% to 252,886 shares.
• Innventure shares rose 4.3% to $1.56, but the stock remains near its 52-week low of $1.26 and well below its 52-week high of $7.86.
• The company reported a quarterly loss of $0.32 per share and revenue of $0.95 million, both worse than analysts’ expectations; analysts maintain an overall “Sell” rating with a $5.00 consensus target price.

Innventure, Inc. (NASDAQ:INV - Get Free Report) Director James Donnally purchased 225,000 shares of the company's stock in a transaction on Thursday, August 20th. The stock was bought at an average cost of $1.50 per share, for a total transaction of $337,500.00. Following the acquisition, the director directly owned 252,886 shares of the company's stock, valued at $379,329. This represents a 806.86% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Innventure Trading Up 4.3%

Shares of 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 business has a 50-day simple moving average of $4.07 and a two-hundred day simple moving average of $4.51. The firm has a market cap of $131.53 million, a P/E ratio of -1.02 and a beta of 0.43. The company has a current ratio of 1.20, a quick ratio of 1.15 and a debt-to-equity ratio of 0.01. Innventure, Inc. has a fifty-two week low of $1.26 and a fifty-two week high of $7.86.

Innventure (NASDAQ:INV - Get Free Report) last issued 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). Innventure had a negative net margin of 3,022.42% and a negative return on equity of 21.34%. The firm had revenue of $0.95 million during the quarter, compared to analysts' expectations of $1.97 million. As a group, equities analysts forecast that Innventure, Inc. will post -1.17 EPS for the current year.

Institutional Investors Weigh In On Innventure

A number of institutional investors have recently modified their holdings of the stock. BOK Financial Private Wealth Inc. purchased a new position in shares of Innventure during the 2nd quarter valued at $25,000. Essential Partners LLC acquired a new stake in Innventure during the first quarter valued at $32,000. Police & Firemen s Retirement System of New Jersey purchased a new position in Innventure in the fourth quarter valued at about $32,000. R Squared Ltd purchased a new position in Innventure in the first quarter valued at about $51,000. Finally, Valley Forge Investment Consultants Inc. ADV acquired a new position in Innventure in the 2nd quarter worth about $51,000. Institutional investors and hedge funds own 55.98% of the company's stock.

Analyst Upgrades and Downgrades

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