Innoviz Technologies (NASDAQ:INVZ - Get Free Report) was upgraded by Rosenblatt Securities from a "neutral" rating to a "buy" rating in a note issued to investors on Friday, MarketBeat.com reports. The firm currently has a $4.00 price objective on the stock, up from their previous price objective of $3.25. Rosenblatt Securities' price target would suggest a potential upside of 247.83% from the company's current price.
Several other equities analysts have also issued reports on the company. The Goldman Sachs Group dropped their price target on Innoviz Technologies from $1.00 to $0.75 and set a "neutral" rating on the stock in a research note on Thursday, November 14th. Cantor Fitzgerald lowered Innoviz Technologies from an "overweight" rating to a "neutral" rating in a research report on Thursday, November 14th. Finally, Westpark Capital started coverage on Innoviz Technologies in a research note on Wednesday, November 27th. They issued a "buy" rating and a $1.30 price objective for the company. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $3.01.
View Our Latest Report on INVZ
Innoviz Technologies Price Performance
NASDAQ INVZ traded up $0.10 during mid-day trading on Friday, reaching $1.15. 9,123,750 shares of the stock were exchanged, compared to its average volume of 2,378,403. The stock has a market cap of $156.61 million, a P/E ratio of -1.80 and a beta of 1.18. Innoviz Technologies has a one year low of $0.45 and a one year high of $2.82. The stock has a 50 day simple moving average of $0.72 and a 200-day simple moving average of $0.78.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Cowen AND Company LLC boosted its holdings in Innoviz Technologies by 315.8% during the second quarter. Cowen AND Company LLC now owns 8,127,316 shares of the company's stock worth $7,538,000 after purchasing an additional 6,172,864 shares during the last quarter. Polar Asset Management Partners Inc. increased its position in shares of Innoviz Technologies by 29.6% during the third quarter. Polar Asset Management Partners Inc. now owns 3,219,400 shares of the company's stock valued at $2,665,000 after acquiring an additional 735,300 shares during the last quarter. Interval Partners LP lifted its holdings in Innoviz Technologies by 19.6% during the second quarter. Interval Partners LP now owns 2,715,837 shares of the company's stock worth $2,519,000 after acquiring an additional 444,823 shares during the period. SkyView Investment Advisors LLC purchased a new stake in shares of Innoviz Technologies during the 2nd quarter valued at $371,000. Finally, Choreo LLC purchased a new position in Innoviz Technologies in the second quarter valued at about $185,000. Hedge funds and other institutional investors own 63.26% of the company's stock.
About Innoviz Technologies
(
Get 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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