607,134 Shares in Innovid Corp. (NYSE:CTV) Purchased by ABC Arbitrage SA

ABC Arbitrage SA bought a new stake in shares of Innovid Corp. (NYSE:CTV - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 607,134 shares of the company's stock, valued at approximately $1,876,000. ABC Arbitrage SA owned approximately 0.41% of Innovid at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Royce & Associates LP raised its position in shares of Innovid by 5.4% in the 3rd quarter. Royce & Associates LP now owns 4,376,721 shares of the company's stock valued at $7,878,000 after purchasing an additional 223,940 shares in the last quarter. Whetstone Capital Advisors LLC raised its holdings in Innovid by 0.7% in the third quarter. Whetstone Capital Advisors LLC now owns 3,268,879 shares of the company's stock valued at $5,884,000 after acquiring an additional 23,642 shares in the last quarter. Geode Capital Management LLC boosted its stake in Innovid by 8.2% during the 3rd quarter. Geode Capital Management LLC now owns 2,433,158 shares of the company's stock valued at $4,380,000 after acquiring an additional 184,309 shares during the last quarter. State Street Corp boosted its stake in Innovid by 12.6% during the 3rd quarter. State Street Corp now owns 1,188,183 shares of the company's stock valued at $2,139,000 after acquiring an additional 133,281 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. acquired a new position in Innovid during the 4th quarter worth $1,615,000. 25.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CTV shares. JMP Securities cut shares of Innovid from an "outperform" rating to a "market perform" rating in a research report on Thursday, November 21st. Needham & Company LLC reiterated a "hold" rating and issued a $3.00 target price on shares of Innovid in a research report on Friday, November 22nd. Finally, Citizens Jmp lowered Innovid from a "strong-buy" rating to a "hold" rating in a research report on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, Innovid presently has an average rating of "Hold" and an average price target of $2.83.

Innovid Stock Performance

NYSE CTV remained flat at $3.14 during trading hours on Wednesday. The stock has a fifty day moving average of $3.09 and a two-hundred day moving average of $2.39. Innovid Corp. has a 1 year low of $1.43 and a 1 year high of $3.40. The company has a market capitalization of $466.21 million, a P/E ratio of -34.89 and a beta of 3.25.

About Innovid

Innovid Corp. operates an independent software platform that provides ad serving, measurement, and creative services. It offers advertising services for the creation, delivery, and measurement of TV ads across connected TV, mobile TV, and desktop TV environments to advertisers, publishers, and media agencies.