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Geode Capital Management LLC Buys 184,309 Shares of Innovid Corp. (NYSE:CTV)

Innovid logo with Computer and Technology background

Geode Capital Management LLC grew its stake in Innovid Corp. (NYSE:CTV - Free Report) by 8.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,433,158 shares of the company's stock after buying an additional 184,309 shares during the quarter. Geode Capital Management LLC owned 1.66% of Innovid worth $4,380,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Innovid by 2.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 402,421 shares of the company's stock valued at $724,000 after acquiring an additional 10,839 shares in the last quarter. FMR LLC raised its holdings 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 during the last quarter. Miller Investment Management LP bought a new stake in shares of Innovid in the third quarter worth $36,000. SG Americas Securities LLC boosted its holdings in Innovid by 124.1% during the third quarter. SG Americas Securities LLC now owns 36,605 shares of the company's stock worth $66,000 after purchasing an additional 20,272 shares during the last quarter. Finally, Whetstone Capital Advisors LLC grew its position 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 purchasing an additional 23,642 shares in the last quarter. Institutional investors own 25.46% of the company's stock.

Innovid Price Performance

Shares of Innovid stock remained flat at $3.04 during trading on Monday. 3,730,606 shares of the stock traded hands, compared to its average volume of 3,881,369. The stock has a fifty day moving average of $2.65 and a two-hundred day moving average of $2.11. The firm has a market cap of $451.36 million, a PE ratio of -33.78 and a beta of 3.26. Innovid Corp. has a one year low of $1.25 and a one year high of $3.40.

Wall Street Analyst Weigh In

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

Get Our Latest Stock Report on CTV

Innovid Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Innovid (NYSE:CTV)

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