Innventure (NASDAQ:INV) Shares Gap Up - Still a Buy?

Innventure, Inc. (NASDAQ:INV - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $12.05, but opened at $12.50. Innventure shares last traded at $12.02, with a volume of 11,606 shares.

Analyst Ratings Changes

Several research firms recently issued reports on INV. Roth Mkm began coverage on shares of Innventure in a report on Thursday, January 23rd. They issued a "buy" rating and a $16.00 target price on the stock. Roth Capital raised Innventure to a "strong-buy" rating in a research note on Thursday, January 23rd.

Innventure Stock Performance

The firm has a 50-day moving average of $12.53.

Institutional Investors Weigh In On Innventure

A number of large investors have recently bought and sold shares of INV. Tower Research Capital LLC TRC acquired a new position in shares of Innventure during the fourth quarter valued at about $52,000. Barclays PLC acquired a new position in Innventure during the 4th quarter worth approximately $389,000. Geode Capital Management LLC acquired a new position in Innventure during the 4th quarter worth approximately $918,000. Finally, Charles Schwab Investment Management Inc. bought a new position in Innventure in the fourth quarter worth approximately $2,161,000. 55.98% of the stock is currently owned by institutional investors and hedge funds.

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.