Stock analysts at Northland Securities started coverage on shares of Innventure (NASDAQ:INV - Get Free Report) in a note issued to investors on Wednesday, Marketbeat.com reports. The brokerage set an "outperform" rating and a $12.00 price target on the stock. Northland Securities' price objective would indicate a potential upside of 52.28% from the company's previous close.
Several other brokerages have also issued reports on INV. Roth Mkm initiated coverage on Innventure in a research note on Thursday, January 23rd. They set a "buy" rating and a $16.00 price target on the stock. Roth Capital raised shares of Innventure to a "strong-buy" rating in a research note on Thursday, January 23rd.
View Our Latest Report on Innventure
Innventure Price Performance
Shares of Innventure stock traded down $0.03 during midday trading on Wednesday, reaching $7.88. The company had a trading volume of 155,739 shares, compared to its average volume of 48,150. The company's fifty day moving average is $10.76. Innventure has a 1-year low of $6.57 and a 1-year high of $18.75.
Hedge Funds Weigh In On Innventure
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INV. Tower Research Capital LLC TRC bought a new stake in shares of Innventure in the 4th quarter valued at about $52,000. Bank of America Corp DE acquired a new stake in Innventure in the fourth quarter worth $126,000. CastleKnight Management LP bought a new position in shares of Innventure during the fourth quarter worth $387,000. Barclays PLC acquired a new position in shares of Innventure in the 4th quarter valued at $389,000. Finally, Millennium Management LLC bought a new stake in shares of Innventure in the 4th quarter valued at $429,000. Institutional investors own 55.98% of the company's stock.
About Innventure
(
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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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