Wall Street Zen Upgrades Innventure (NASDAQ:INV) to "Sell"

Key Points

• Wall Street Zen upgraded Innventure (NASDAQ:INV) from "strong sell" to "sell," and the stock's consensus analyst rating remains Sell with a $8.00 consensus price target.
• Innventure reported quarterly EPS of ($0.29) (beating estimates) but revenue of $0.82M missed expectations, and the company remains unprofitable with negative ROE and analysts projecting -1.34 EPS for the fiscal year.
• Director Daniel J. Hennessy sold 582,139 shares at an average $5.52 (≈$3.21M), cutting his stake by 76%, while insiders still own 23.64% of the company.

Innventure (NASDAQ:INV - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "strong sell" rating to a "sell" rating in a research report issued to clients and investors on Saturday.

Several other research analysts have also commented on INV. Northland Securities set a $8.00 price target on Innventure in a report on Thursday, January 22nd. Weiss Ratings lowered Innventure from a "sell (d-)" rating to a "sell (e+)" rating in a report on Wednesday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of "Sell" and a consensus price target of $8.00.

Innventure Trading Down 5.2%

Shares of INV stock opened at $6.54 on Friday. The stock's fifty day moving average is $4.02 and its two-hundred day moving average is $3.98. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.07 and a current ratio of 1.09. The firm has a market capitalization of $443.02 million, a P/E ratio of -1.16 and a beta of -0.11. Innventure has a fifty-two week low of $2.36 and a fifty-two week high of $6.96.

Innventure (NASDAQ:INV - Get Free Report) last announced its quarterly earnings data on Monday, March 30th. The company reported ($0.29) earnings per share for the quarter, beating analysts' consensus estimates of ($0.32) by $0.03. The company had revenue of $0.82 million for the quarter, compared to analyst estimates of $2.01 million. Innventure had a negative return on equity of 23.77% and a negative net margin of 14,266.39%. Research analysts expect that Innventure will post -1.34 earnings per share for the current fiscal year.

Insider Transactions at Innventure

In related news, Director Daniel J. Hennessy sold 582,139 shares of the business's stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $5.52, for a total value of $3,213,407.28. Following the sale, the director directly owned 182,358 shares in the company, valued at approximately $1,006,616.16. The trade was a 76.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 23.64% of the company's stock.

Hedge Funds Weigh In On Innventure

Institutional investors have recently bought and sold shares of the company. Police & Firemen s Retirement System of New Jersey acquired a new position in Innventure in the 4th quarter valued at about $32,000. WESPAC Advisors LLC acquired a new position in Innventure in the 4th quarter valued at about $42,000. Yorkville Advisors Global LP acquired a new position in Innventure in the 3rd quarter valued at about $43,000. Diversify Advisory Services LLC acquired a new position in Innventure in the 4th quarter valued at about $44,000. Finally, Jump Financial LLC acquired a new position in Innventure in the 4th quarter valued at about $61,000. 55.98% of the stock is owned by institutional investors and hedge funds.

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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