Weiss Ratings Reiterates "Sell (E+)" Rating for Innventure (NASDAQ:INV)

Key Points

• Weiss Ratings has reaffirmed a "Sell (E+)" rating for Innventure (NASDAQ:INV), indicating a lack of confidence in the company’s stock performance.
• Innventure reported a significant earnings miss, with earnings per share of ($1.60) compared to a consensus estimate of ($0.17).
• Director Daniel J. Hennessy sold 10,828 shares of Innventure stock, reducing his ownership by 0.91%, amid recent transactions from institutional investors increasing their stakes in the company.

Innventure (NASDAQ:INV - Get Free Report)'s stock had its "sell (e+)" rating reaffirmed by Weiss Ratings in a research report issued to clients and investors on Tuesday,Weiss Ratings reports.

Innventure Stock Performance

Shares of INV stock traded down $0.22 during trading hours on Tuesday, reaching $3.03. The company's stock had a trading volume of 503,274 shares, compared to its average volume of 135,848. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.29 and a quick ratio of 0.20. Innventure has a one year low of $2.80 and a one year high of $14.95. The firm's fifty day simple moving average is $5.17 and its 200 day simple moving average is $4.94.

Innventure (NASDAQ:INV - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The company reported ($1.60) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($1.43). Innventure had a negative net margin of 20,429.67% and a negative return on equity of 33.64%. The firm had revenue of $0.48 million for the quarter, compared to the consensus estimate of $0.69 million.

Insider Buying and Selling at Innventure

In related news, Director Daniel J. Hennessy sold 10,828 shares of Innventure stock in a transaction that occurred on Thursday, October 9th. The stock was sold at an average price of $5.21, for a total transaction of $56,413.88. Following the sale, the director directly owned 1,173,745 shares in the company, valued at $6,115,211.45. The trade was a 0.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 26,199 shares of company stock worth $134,393 in the last 90 days. Insiders own 23.13% of the company's stock.

Institutional Investors Weigh In On Innventure

Several hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE bought a new stake in Innventure in the fourth quarter worth $126,000. Fortis Capital Advisors LLC purchased a new position in shares of Innventure in the second quarter worth $52,000. FWG Holdings LLC purchased a new position in shares of Innventure in the first quarter worth $111,000. OMERS ADMINISTRATION Corp purchased a new position in shares of Innventure in the first quarter worth $116,000. Finally, Diametric Capital LP raised its stake in shares of Innventure by 144.3% in the second quarter. Diametric Capital LP now owns 32,573 shares of the company's stock worth $156,000 after purchasing an additional 19,242 shares during the last quarter. 55.98% of the stock is owned by 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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