Innventure (NASDAQ:INV) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Innventure (NASDAQ:INV) from a sell rating to a hold rating in a report published on Saturday morning.

Separately, Weiss Ratings upgraded shares of Innventure from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, May 7th. One research 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 Stock Down 2.7%

NASDAQ:INV opened at $3.22 on Friday. Innventure has a 1-year low of $2.36 and a 1-year high of $7.86. The company has a 50-day moving average of $5.01 and a 200 day moving average of $4.59. The firm has a market cap of $270.61 million, a PE ratio of -1.14 and a beta of 0.39. 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 (NASDAQ:INV) last issued its earnings results on Thursday, May 14th. The company reported ($0.26) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.36) by $0.10. The company had revenue of ($3.52) million for the quarter, compared to analysts’ expectations of $1.65 million. Innventure had a negative net margin of 5,225.19% and a negative return on equity of 34.73%. As a group, research analysts anticipate that Innventure will post -0.9 EPS for the current fiscal year.

Hedge Funds Weigh In On Innventure

Several institutional investors and hedge funds have recently added to or reduced their stakes in INV. Yorkville Advisors Global LP boosted its holdings in shares of Innventure by 17,166.7% in the 4th quarter. Yorkville Advisors Global LP now owns 1,295,000 shares of the company’s stock valued at $5,413,000 after buying an additional 1,287,500 shares in the last quarter. Stifel Financial Corp bought a new position in shares of Innventure during the 4th quarter worth approximately $2,903,000. Titleist Asset Management LLC bought a new position in shares of Innventure during the 4th quarter worth approximately $2,059,000. NewEdge Advisors LLC lifted its position in Innventure by 264.2% during the first quarter. NewEdge Advisors LLC now owns 549,901 shares of the company’s stock valued at $2,150,000 after acquiring an additional 398,911 shares during the last quarter. Finally, State Street Corp lifted its position in Innventure by 262.5% during the fourth quarter. State Street Corp now owns 483,824 shares of the company’s stock valued at $2,022,000 after acquiring an additional 350,359 shares during the last quarter. Hedge funds and other 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.