Cantor Fitzgerald downgraded shares of Innoviz Technologies (NASDAQ:INVZ - Free Report) from an overweight rating to a neutral rating in a research report sent to investors on Thursday morning, MarketBeat Ratings reports.
INVZ has been the subject of a number of other research reports. Rosenblatt Securities reiterated a "neutral" rating and set a $3.25 price target on shares of Innoviz Technologies in a report on Tuesday, September 10th. Westpark Capital restated a "buy" rating and issued a $6.00 price target on shares of Innoviz Technologies in a research note on Tuesday, August 6th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $3.80.
View Our Latest Research Report on INVZ
Innoviz Technologies Price Performance
NASDAQ:INVZ traded down $0.01 during trading hours on Thursday, reaching $0.50. 1,639,661 shares of the stock were exchanged, compared to its average volume of 2,059,531. The firm has a 50 day moving average of $0.71 and a 200 day moving average of $0.85. The stock has a market cap of $68.10 million, a PE ratio of -0.75 and a beta of 1.06. Innoviz Technologies has a twelve month low of $0.50 and a twelve month high of $2.99.
Institutional Investors Weigh In On Innoviz Technologies
Institutional investors have recently modified their holdings of the company. Koshinski Asset Management Inc. lifted its stake in Innoviz Technologies by 232.1% in the first quarter. Koshinski Asset Management Inc. now owns 200,308 shares of the company's stock valued at $270,000 after buying an additional 140,000 shares during the period. FIFTHDELTA Ltd increased its position in shares of Innoviz Technologies by 64.9% during the first quarter. FIFTHDELTA Ltd now owns 14,397,087 shares of the company's stock valued at $19,436,000 after buying an additional 5,668,684 shares during the period. Tidal Investments LLC bought a new stake in Innoviz Technologies during the first quarter valued at $258,000. Virtu Financial LLC boosted its position in shares of Innoviz Technologies by 85.2% during the 1st quarter. Virtu Financial LLC now owns 86,171 shares of the company's stock valued at $116,000 after acquiring an additional 39,633 shares during the last quarter. Finally, Choreo LLC bought a new position in Innoviz Technologies in the second quarter valued at $185,000. 63.26% of the stock is owned by institutional investors.
About Innoviz Technologies
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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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