Innventure (NASDAQ:INV) Shares Gap Down – Should You Sell?

Innventure, Inc. (NASDAQ:INV)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $6.41, but opened at $5.85. Innventure shares last traded at $6.0050, with a volume of 2,546,746 shares trading hands.

Analysts Set New Price Targets

Several research firms have issued reports on INV. Wall Street Zen upgraded Innventure from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings upgraded Innventure from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell” and a consensus price target of $8.00.

Innventure Stock Performance

The company has a market cap of $447.96 million, a P/E ratio of -1.89 and a beta of 0.46. The company has a quick ratio of 1.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average price of $5.53 and a two-hundred day moving average price of $4.50.

Innventure (NASDAQ:INV) last announced its earnings results on Thursday, May 14th. The company reported ($0.26) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.10. The company had revenue of ($3.53) million for the quarter, compared to analyst estimates of $1.65 million. Innventure had a negative return on equity of 34.73% and a negative net margin of 5,225.19%. On average, research analysts predict that Innventure, Inc. will post -0.9 earnings per share for the current fiscal year.

Insider Buying and Selling at Innventure

In other news, Director Daniel J. Hennessy sold 582,139 shares of the stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $5.52, for a total transaction of $3,213,407.28. Following the transaction, the director owned 182,358 shares in the company, valued at approximately $1,006,616.16. This trade represents a 76.15% decrease in their ownership of the stock. The sale was disclosed in a document filed 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

A number of large investors have recently made changes to their positions in INV. Essential Partners LLC bought a new position in Innventure during the 1st quarter worth $32,000. Police & Firemen s Retirement System of New Jersey bought a new position in Innventure during the 4th quarter worth $32,000. WESPAC Advisors LLC bought a new position in Innventure during the 4th quarter worth $42,000. Yorkville Advisors Global LP bought a new position in Innventure during the 3rd quarter worth $43,000. Finally, Diversify Advisory Services LLC bought a new position in Innventure during the 4th quarter worth $44,000. Institutional investors own 55.98% of the company’s stock.

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.