9,114 Shares in Innventure, Inc. (NASDAQ:INV) Acquired by Bank of America Corp DE

Bank of America Corp DE acquired a new position in Innventure, Inc. (NASDAQ:INV) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 9,114 shares of the company’s stock, valued at approximately $126,000.

Several other institutional investors and hedge funds also recently bought and sold shares of INV. Charles Schwab Investment Management Inc. bought a new position in Innventure in the 4th quarter worth approximately $2,161,000. Geode Capital Management LLC bought a new position in Innventure in the 4th quarter worth approximately $918,000. Northern Trust Corp bought a new position in Innventure in the 4th quarter worth approximately $601,000. Barclays PLC bought a new position in Innventure in the 4th quarter worth approximately $389,000. Finally, Tower Research Capital LLC TRC bought a new position in Innventure in the 4th quarter worth approximately $52,000. 55.98% of the stock is owned by institutional investors.

Innventure Price Performance

Shares of NASDAQ:INV opened at $4.96 on Tuesday. The firm has a fifty day moving average price of $4.63 and a two-hundred day moving average price of $8.43. Innventure, Inc. has a one year low of $3.00 and a one year high of $18.75.

Innventure (NASDAQ:INV) last announced its quarterly earnings results on Thursday, May 15th. The company reported $0.60 EPS for the quarter, beating the consensus estimate of ($0.13) by $0.73. The firm had revenue of $0.22 million during the quarter, compared to the consensus estimate of $0.58 million.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Northland Securities started coverage on shares of Innventure in a report on Wednesday, March 12th. They issued an “outperform” rating and a $12.00 price objective for the company. Northland Capmk raised shares of Innventure to a “strong-buy” rating in a report on Wednesday, March 12th.

Innventure 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.