Barclays PLC Grows Holdings in Innovid Corp. (NYSE:CTV)

Barclays PLC boosted its position in Innovid Corp. (NYSE:CTV - Free Report) by 283.3% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 142,422 shares of the company's stock after purchasing an additional 105,269 shares during the period. Barclays PLC owned about 0.10% of Innovid worth $256,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CTV. Geode Capital Management LLC increased its position in Innovid by 8.2% in the third quarter. Geode Capital Management LLC now owns 2,433,158 shares of the company's stock worth $4,380,000 after buying an additional 184,309 shares during the last quarter. State Street Corp raised its holdings 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 period. Miller Investment Management LP purchased a new stake in shares of Innovid during the third quarter worth $36,000. FMR LLC grew its position in shares of Innovid by 590.2% in the third quarter. FMR LLC now owns 15,413 shares of the company's stock valued at $28,000 after purchasing an additional 13,180 shares in the last quarter. Finally, Whetstone Capital Advisors LLC lifted its holdings in Innovid by 0.7% during the 3rd quarter. Whetstone Capital Advisors LLC now owns 3,268,879 shares of the company's stock worth $5,884,000 after purchasing an additional 23,642 shares in the last quarter. Hedge funds and other institutional investors own 25.46% of the company's stock.

Analysts Set New Price Targets

CTV has been the subject of several recent analyst reports. Needham & Company LLC restated a "hold" rating and set a $3.00 target price on shares of Innovid in a research report on Friday, November 22nd. Citizens Jmp downgraded Innovid from a "strong-buy" rating to a "hold" rating in a research report on Thursday, November 21st. Finally, JMP Securities cut shares of Innovid from an "outperform" rating to a "market perform" rating in a research report on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $2.83.

Innovid Stock Performance

Shares of Innovid stock traded up $0.02 during trading on Tuesday, hitting $3.10. The company's stock had a trading volume of 1,176,879 shares, compared to its average volume of 2,464,597. The company has a fifty day simple moving average of $2.87 and a two-hundred day simple moving average of $2.20. Innovid Corp. has a 52 week low of $1.28 and a 52 week high of $3.40. The company has a market capitalization of $459.51 million, a PE ratio of -34.39 and a beta of 3.26.

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.