Innventure (NASDAQ:INV) Reaches New 1-Year High – Time to Buy?

Innventure, Inc. (NASDAQ:INV) reached a new 52-week high on Monday . The stock traded as high as $7.46 and last traded at $7.1360, with a volume of 796925 shares. The stock had previously closed at $7.00.

Analysts Set New Price Targets

A number of research firms have commented on INV. Wall Street Zen raised shares of Innventure from a “strong sell” rating to a “sell” rating in a report on Saturday, April 25th. Northland Securities set a $8.00 price target on shares of Innventure in a research report on Thursday, January 22nd. Finally, Weiss Ratings raised shares of Innventure from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell” and an average target price of $8.00.

Innventure Stock Down 0.1%

The firm has a market capitalization of $473.53 million, a P/E ratio of -1.24 and a beta of 0.46. The firm’s 50-day moving average is $4.48 and its 200 day moving average is $4.12. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.07 and a current ratio of 1.09.

Innventure (NASDAQ:INV) last posted its quarterly earnings data on Monday, March 30th. The company reported ($0.29) EPS for the quarter, beating the consensus estimate of ($0.32) by $0.03. Innventure had a negative net margin of 14,266.39% and a negative return on equity of 23.77%. The business had revenue of ($20.21) million for the quarter, compared to analysts’ expectations of $2.01 million. As a group, equities research analysts predict that Innventure, Inc. will post -1.34 EPS for the current fiscal year.

Insider Buying and Selling at Innventure

In other 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 transaction of $3,213,407.28. Following the transaction, the director directly owned 182,358 shares in the company, valued at $1,006,616.16. The trade was a 76.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 23.64% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Innventure during the 4th quarter worth approximately $32,000. WESPAC Advisors LLC acquired a new position in Innventure during the 4th quarter worth approximately $42,000. Yorkville Advisors Global LP acquired a new position in Innventure during the 3rd quarter worth approximately $43,000. Diversify Advisory Services LLC acquired a new position in Innventure during the 4th quarter worth approximately $44,000. Finally, R Squared Ltd acquired a new position in Innventure during the 1st quarter worth approximately $51,000. 55.98% of the stock is currently owned by institutional investors and hedge funds.

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.