JPMorgan Chase & Co. Has $369,000 Stock Holdings in Innovid Corp. (NYSE:CTV)

JPMorgan Chase & Co. raised its holdings in Innovid Corp. (NYSE:CTV - Free Report) by 326.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 205,249 shares of the company's stock after buying an additional 157,112 shares during the period. JPMorgan Chase & Co. owned about 0.14% of Innovid worth $369,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. raised its stake in Innovid by 2.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 402,421 shares of the company's stock valued at $724,000 after buying an additional 10,839 shares during the period. FMR LLC raised its stake in 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 buying an additional 13,180 shares during the period. Miller Investment Management LP bought a new stake in Innovid in the third quarter valued at approximately $36,000. SG Americas Securities LLC grew its position in shares of Innovid by 124.1% in the third quarter. SG Americas Securities LLC now owns 36,605 shares of the company's stock valued at $66,000 after purchasing an additional 20,272 shares during the last quarter. Finally, Whetstone Capital Advisors LLC increased its stake in shares of Innovid by 0.7% during the third quarter. Whetstone Capital Advisors LLC now owns 3,268,879 shares of the company's stock worth $5,884,000 after purchasing an additional 23,642 shares during the period. Institutional investors own 25.46% of the company's stock.

Innovid Stock Down 0.2 %

Shares of CTV traded down $0.01 during midday trading on Thursday, hitting $3.12. The company's stock had a trading volume of 948,502 shares, compared to its average volume of 2,163,826. Innovid Corp. has a one year low of $1.43 and a one year high of $3.40. The stock has a market capitalization of $462.48 million, a price-to-earnings ratio of -34.61 and a beta of 3.26. The company's fifty day simple moving average is $3.07 and its two-hundred day simple moving average is $2.27.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on CTV shares. JMP Securities lowered Innovid from an "outperform" rating to a "market perform" rating in a research note on Thursday, November 21st. Needham & Company LLC reiterated a "hold" rating and set a $3.00 target price on shares of Innovid in a research note on Friday, November 22nd. Finally, Citizens Jmp lowered Innovid from a "strong-buy" rating to a "hold" rating in a research note on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $2.83.

About Innovid

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.