Innovid Corp. (NYSE:CTV - Get Free Report) traded up 0.3% during mid-day trading on Wednesday . The company traded as high as $3.11 and last traded at $3.10. 768,632 shares traded hands during trading, a decline of 2% from the average session volume of 785,964 shares. The stock had previously closed at $3.09.
Analysts Set New Price Targets
A number of research analysts have weighed in on the stock. Needham & Company LLC reaffirmed a "hold" rating and issued a $3.00 price target 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 research note on Thursday, November 21st. Finally, Citizens Jmp lowered Innovid from a "strong-buy" rating to a "hold" rating in a report on Thursday, November 21st. Four analysts have rated the stock with a hold rating, Based on data from MarketBeat, Innovid presently has an average rating of "Hold" and a consensus price target of $2.83.
Read Our Latest Report on Innovid
Innovid Stock Up 0.3 %
The firm has a market cap of $461.75 million, a P/E ratio of -34.56 and a beta of 3.30. The firm has a fifty day moving average of $2.49 and a 200-day moving average of $2.05.
Institutional Trading of Innovid
Several institutional investors and hedge funds have recently added to or reduced their stakes in CTV. FMR LLC increased 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 during the 3rd quarter worth about $36,000. American Century Companies Inc. acquired a new position in Innovid in the 2nd quarter valued at about $61,000. SG Americas Securities LLC raised its holdings in Innovid by 124.1% in the 3rd 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 period. Finally, The Manufacturers Life Insurance Company acquired a new stake in Innovid during the second quarter worth approximately $81,000. 25.46% of the stock is owned by institutional investors.
Innovid Company Profile
(
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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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