Stock Traders Buy Large Volume of Innventure Call Options (NASDAQ:INV)

Key Points

• Innventure call-option activity surged: Investors bought 10,733 call options, approximately 358% above the average daily volume of 2,344 contracts.
• The stock plunged 54.2% to $1.65 during Friday trading, near its 12-month low of $1.63, with trading volume far exceeding its average.
• Analysts maintain a negative outlook, with an average rating of “Sell” and a consensus price target of $8.00. Innventure also missed quarterly expectations, reporting a $0.32-per-share loss versus the expected $0.23 loss and revenue of $0.95 million versus $1.97 million expected.

Innventure, Inc. (NASDAQ:INV - Get Free Report) saw unusually large options trading on Friday. Stock investors bought 10,733 call options on the stock. This is an increase of approximately 358% compared to the average daily volume of 2,344 call options.

Analysts Set New Price Targets

INV has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Innventure in a research note on Tuesday, August 4th. Wall Street Zen raised shares of Innventure from a "sell" rating to a "hold" rating in a research note on Saturday, August 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Innventure currently has an average rating of "Sell" and a consensus price target of $8.00.

Institutional Investors Weigh In On Innventure

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its holdings in Innventure by 16.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 32,924 shares of the company's stock worth $138,000 after purchasing an additional 4,638 shares in the last quarter. BOK Financial Private Wealth Inc. purchased a new stake in shares of Innventure in the 2nd quarter worth about $25,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Innventure in the 4th quarter worth about $32,000. Essential Partners LLC bought a new position in shares of Innventure in the 1st quarter worth about $32,000. Finally, Valley Forge Investment Consultants Inc. ADV bought a new position in shares of Innventure in the 2nd quarter worth about $51,000. 55.98% of the stock is owned by hedge funds and other institutional investors.

Innventure Trading Down 54.2%

Innventure stock traded down $1.95 during mid-day trading on Friday, hitting $1.65. The company's stock had a trading volume of 15,422,463 shares, compared to its average volume of 2,065,475. The business has a 50 day moving average price of $4.50 and a 200-day moving average price of $4.58. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.37 and a quick ratio of 1.34. Innventure has a 12 month low of $1.63 and a 12 month high of $7.86. The stock has a market cap of $138.50 million, a price-to-earnings ratio of -0.59 and a beta of 0.43.

Innventure (NASDAQ:INV - Get Free Report) last released its quarterly earnings data 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 return on equity of 34.73% and a negative net margin of 5,225.19%.The company had revenue of $0.95 million during the quarter, compared to analysts' expectations of $1.97 million. As a group, analysts forecast that Innventure will post -0.9 EPS for the current year.

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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