Innventure (NASDAQ:INV) Stock Price Up 13.6% - Should You Buy?

Innventure, Inc. (NASDAQ:INV - Get Free Report) shares traded up 13.6% during trading on Monday . The company traded as high as $3.64 and last traded at $3.60. 108,551 shares were traded during trading, an increase of 98% from the average session volume of 54,889 shares. The stock had previously closed at $3.17.

Analyst Ratings Changes

INV has been the subject of a number of research analyst reports. Northland Capmk upgraded Innventure to a "strong-buy" rating in a research report on Wednesday, March 12th. Roth Capital raised shares of Innventure to a "strong-buy" rating in a report on Thursday, January 23rd. Northland Securities assumed coverage on shares of Innventure in a research note on Wednesday, March 12th. They set an "outperform" rating and a $12.00 price objective for the company. Finally, Roth Mkm started coverage on Innventure in a research note on Thursday, January 23rd. They issued a "buy" rating and a $16.00 target price on the stock.

Innventure Stock Performance

The firm has a 50 day moving average price of $7.03.

Institutional Trading of Innventure

Hedge funds and other institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. acquired a new stake in shares of Innventure during the fourth quarter worth $2,161,000. Geode Capital Management LLC acquired a new stake in Innventure in the 4th quarter worth about $918,000. Moore Capital Management LP acquired a new stake in Innventure in the 4th quarter worth about $692,000. Northern Trust Corp purchased a new stake in Innventure in the 4th quarter valued at about $601,000. Finally, Millennium Management LLC acquired a new position in shares of Innventure during the 4th quarter valued at about $429,000. 55.98% of the stock is owned by hedge funds and other 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.

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