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Innovid (NYSE:CTV) Rating Lowered to "Hold" at Citizens Jmp

Innovid logo with Computer and Technology background

Innovid (NYSE:CTV - Get Free Report) was downgraded by Citizens Jmp from a "strong-buy" rating to a "hold" rating in a report issued on Thursday,Zacks.com reports.

CTV has been the topic of a number of other reports. JMP Securities cut shares of Innovid from an "outperform" rating to a "market perform" rating in a research report on Thursday. Needham & Company LLC reissued a "hold" rating and issued a $3.00 price objective on shares of Innovid in a research report on Friday. Four analysts have rated the stock with a hold rating, Based on data from MarketBeat, Innovid has an average rating of "Hold" and a consensus price target of $2.83.

Get Our Latest Analysis on Innovid

Innovid Stock Up 1.3 %

Shares of NYSE CTV traded up $0.04 on Thursday, hitting $3.05. The company had a trading volume of 14,087,497 shares, compared to its average volume of 3,205,057. Innovid has a 12-month low of $1.25 and a 12-month high of $3.05. The firm has a market capitalization of $452.83 million, a P/E ratio of -33.89 and a beta of 3.08. The business has a 50 day moving average of $1.89 and a two-hundred day moving average of $1.89.

Institutional Investors Weigh In On Innovid

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp boosted its holdings in Innovid by 2,993.1% in the second quarter. Bank of New York Mellon Corp now owns 314,599 shares of the company's stock worth $582,000 after purchasing an additional 304,428 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Innovid by 6.5% in the 1st quarter. Vanguard Group Inc. now owns 4,555,974 shares of the company's stock valued at $11,344,000 after buying an additional 279,830 shares during the period. Legato Capital Management LLC bought a new stake in shares of Innovid during the 2nd quarter valued at about $438,000. Royce & Associates LP raised its stake in Innovid by 5.4% during the third quarter. Royce & Associates LP now owns 4,376,721 shares of the company's stock worth $7,878,000 after acquiring an additional 223,940 shares during the period. Finally, Geode Capital Management LLC lifted its holdings 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 acquiring an additional 184,309 shares during the last quarter. Institutional investors own 25.46% of the company's stock.

About Innovid

(Get 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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