Innventure (NASDAQ:INV) Stock Rating Upgraded by Wall Street Zen

Innventure (NASDAQ:INV) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

Separately, Weiss Ratings upgraded Innventure from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell” and a consensus price target of $8.00.

Innventure Stock Performance

Innventure stock opened at $3.22 on Friday. 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 firm has a 50-day moving average price of $5.01 and a two-hundred day moving average price of $4.60. The firm has a market capitalization of $270.61 million, a price-to-earnings ratio of -1.14 and a beta of 0.43. Innventure has a 52-week low of $2.36 and a 52-week high of $7.86.

Innventure (NASDAQ:INV) last posted its earnings results on Thursday, May 14th. The company reported ($0.26) EPS for the quarter, topping the consensus estimate of ($0.36) by $0.10. The firm had revenue of ($3.52) million during 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%. Sell-side analysts expect that Innventure will post -0.9 earnings per share for the current year.

Institutional Investors Weigh In On Innventure

Several institutional investors have recently bought and sold shares of the stock. Yorkville Advisors Global LP grew its position in 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. Sei Investments Co. bought a new stake in shares of Innventure during the 1st quarter worth about $136,000. Bank of New York Mellon Corp raised its position in shares of Innventure by 81.7% during the 1st quarter. Bank of New York Mellon Corp now owns 120,864 shares of the company’s stock worth $473,000 after buying an additional 54,330 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of Innventure by 264.2% in the 1st quarter. NewEdge Advisors LLC now owns 549,901 shares of the company’s stock worth $2,150,000 after acquiring an additional 398,911 shares during the period. Finally, Essential Partners LLC acquired a new stake in shares of Innventure in the 1st quarter worth approximately $32,000. Institutional investors and hedge funds 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.