Innventure (INV) to Release Earnings on Thursday

Innventure (NASDAQ:INV) is projected to release its results before the market opens on Thursday, February 12th. Analysts expect Innventure to post earnings of ($0.32) per share for the quarter.

Innventure (NASDAQ:INV) last released its earnings results on Thursday, November 13th. The company reported ($0.51) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.27). Innventure had a negative net margin of 18,877.40% and a negative return on equity of 29.39%. The firm had revenue of ($5.00) million during the quarter, compared to the consensus estimate of $1.98 million.

Innventure Trading Down 9.1%

NASDAQ:INV opened at $2.98 on Thursday. The company has a market cap of $201.87 million, a P/E ratio of -1.97 and a beta of 0.09. Innventure has a twelve month low of $2.36 and a twelve month high of $12.70. The business has a 50 day moving average price of $4.35 and a two-hundred day moving average price of $4.49. The company has a quick ratio of 0.31, a current ratio of 0.39 and a debt-to-equity ratio of 0.07.

Wall Street Analysts Forecast Growth

INV has been the topic of several analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Innventure in a research report on Monday, December 29th. Northland Securities set a $8.00 target price on shares of Innventure in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Innventure presently has a consensus rating of “Moderate Buy” and an average target price of $8.00.

Insiders Place Their Bets

In other Innventure news, major shareholder We-Inn Llc sold 427,301 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $5.11, for a total value of $2,183,508.11. Following the transaction, the insider directly owned 6,863,051 shares in the company, valued at $35,070,190.61. The trade was a 5.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel J. Hennessy sold 266,367 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $5.31, for a total transaction of $1,414,408.77. Following the sale, the director owned 907,378 shares of the company’s stock, valued at approximately $4,818,177.18. This represents a 22.69% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders purchased 58,786 shares of company stock valued at $244,245 and sold 2,731,703 shares valued at $12,495,241. Company insiders own 23.64% of the company’s stock.

Institutional Trading of Innventure

Several institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new position in Innventure during the 1st quarter worth $172,000. Goldman Sachs Group Inc. increased its holdings in shares of Innventure by 55.9% during the first quarter. Goldman Sachs Group Inc. now owns 110,593 shares of the company’s stock worth $853,000 after purchasing an additional 39,636 shares during the period. Vanguard Group Inc. raised its position in shares of Innventure by 3.9% in the third quarter. Vanguard Group Inc. now owns 1,528,649 shares of the company’s stock valued at $8,851,000 after buying an additional 56,764 shares in the last quarter. Bridgeway Capital Management LLC bought a new position in Innventure during the 3rd quarter worth $347,000. Finally, Cresset Asset Management LLC bought a new stake in shares of Innventure during the 2nd quarter valued at $354,000. 55.98% of the stock is currently owned by institutional investors.

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.