Northland Securities Begins Coverage on Innventure (NASDAQ:INV)

Northland Securities assumed coverage on shares of Innventure (NASDAQ:INV) in a research note issued to investors on Wednesday morning, Marketbeat.com reports. The firm issued an outperform rating and a $12.00 price objective on the stock.

Several other research firms also recently commented on INV. Roth Capital raised Innventure to a “strong-buy” rating in a research note on Thursday, January 23rd. Roth Mkm started coverage on Innventure in a report on Thursday, January 23rd. They set a “buy” rating and a $16.00 price objective for the company.

Innventure Stock Performance

Shares of Innventure stock opened at $7.88 on Wednesday. The business’s 50 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

Large investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC acquired a new stake in Innventure in the 4th quarter worth approximately $52,000. Bank of America Corp DE acquired a new position in Innventure in the fourth quarter worth $126,000. CastleKnight Management LP bought a new stake in Innventure during the 4th quarter worth about $387,000. Barclays PLC acquired a new stake in shares of Innventure in the fourth quarter valued at approximately $389,000. Finally, Millennium Management LLC acquired a new stake in shares of Innventure in the 4th quarter valued at $429,000. 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.