Jane Street Group LLC lessened its stake in shares of Innovid Corp. (NYSE:CTV - Free Report) by 76.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 87,435 shares of the company's stock after selling 284,583 shares during the quarter. Jane Street Group LLC owned approximately 0.06% of Innovid worth $157,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of CTV. FMR LLC raised its position in Innovid by 590.2% during the 3rd quarter. FMR LLC now owns 15,413 shares of the company's stock worth $28,000 after purchasing an additional 13,180 shares during the last quarter. Miller Investment Management LP bought a new position in shares of Innovid during the third quarter worth about $36,000. American Century Companies Inc. acquired a new position in shares of Innovid in the second quarter worth approximately $61,000. SG Americas Securities LLC boosted its holdings in Innovid by 124.1% in the third quarter. SG Americas Securities LLC now owns 36,605 shares of the company's stock valued at $66,000 after acquiring an additional 20,272 shares during the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in Innovid during the 2nd quarter valued at approximately $81,000. 25.46% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the company. Needham & Company LLC reissued a "hold" rating and issued a $3.00 price objective on shares of Innovid in a research note on Friday, November 22nd. JMP Securities lowered shares of Innovid from an "outperform" rating to a "market perform" rating in a report on Thursday, November 21st. Finally, Citizens Jmp cut shares of Innovid from a "strong-buy" rating to a "hold" rating in a research report on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $2.83.
Read Our Latest Report on CTV
Innovid Price Performance
Shares of CTV stock traded up $0.02 on Tuesday, hitting $3.04. The stock had a trading volume of 1,483,728 shares, compared to its average volume of 3,042,729. Innovid Corp. has a 12-month low of $1.25 and a 12-month high of $3.40. The stock has a market cap of $451.36 million, a price-to-earnings ratio of -33.78 and a beta of 3.26. The business has a 50 day moving average of $2.76 and a 200 day moving average of $2.16.
About Innovid
(
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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