Barclays PLC lowered its stake in Innoviz Technologies Ltd. (NASDAQ:INVZ - Free Report) by 65.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 198,392 shares of the company's stock after selling 371,500 shares during the quarter. Barclays PLC owned approximately 0.15% of Innoviz Technologies worth $164,000 as of its most recent SEC filing.
Separately, Polar Asset Management Partners Inc. grew its holdings in Innoviz Technologies by 29.6% during the 3rd quarter. Polar Asset Management Partners Inc. now owns 3,219,400 shares of the company's stock worth $2,665,000 after acquiring an additional 735,300 shares during the last quarter. 63.26% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on INVZ. Westpark Capital initiated coverage on shares of Innoviz Technologies in a research note on Wednesday, November 27th. They set a "buy" rating and a $1.30 price target for the company. Cantor Fitzgerald lowered Innoviz Technologies from an "overweight" rating to a "neutral" rating in a research report on Thursday, November 14th. Rosenblatt Securities upgraded Innoviz Technologies from a "neutral" rating to a "buy" rating and upped their price target for the company from $3.25 to $4.00 in a research report on Friday, December 20th. Finally, The Goldman Sachs Group lowered their price objective on Innoviz Technologies from $1.00 to $0.75 and set a "neutral" rating for the company in a research report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $3.01.
Get Our Latest Research Report on INVZ
Innoviz Technologies Stock Performance
Shares of NASDAQ:INVZ traded down $0.09 during midday trading on Thursday, reaching $1.80. The company's stock had a trading volume of 6,103,379 shares, compared to its average volume of 15,510,308. The firm has a 50 day moving average price of $1.21 and a two-hundred day moving average price of $0.90. Innoviz Technologies Ltd. has a fifty-two week low of $0.45 and a fifty-two week high of $3.14. The firm has a market capitalization of $245.12 million, a price-to-earnings ratio of -2.82 and a beta of 0.73.
About Innoviz Technologies
(
Free Report)
Innoviz Technologies Ltd. manufactures and sells automotive grade LiDAR sensors and perception software to enable safe autonomous driving at a mass scale. The company offers InnovizOne, a solid-state LiDAR sensor designed for automakers and robotaxis, shuttles, trucks, and delivery companies requiring an automotive-grade and mass-producible solution to achieve autonomy.
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