Legato Capital Management LLC Takes $438,000 Position in Innovid Corp. (NYSE:CTV)

Legato Capital Management LLC bought a new stake in Innovid Corp. (NYSE:CTV - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 236,806 shares of the company's stock, valued at approximately $438,000. Legato Capital Management LLC owned approximately 0.16% of Innovid as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Acadian Asset Management LLC boosted its holdings in Innovid by 174.3% during the first quarter. Acadian Asset Management LLC now owns 521,866 shares of the company's stock worth $1,297,000 after buying an additional 331,643 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Innovid by 2,993.1% during the second quarter. Bank of New York Mellon Corp now owns 314,599 shares of the company's stock worth $582,000 after buying an additional 304,428 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Innovid by 6.5% during the first quarter. Vanguard Group Inc. now owns 4,555,974 shares of the company's stock worth $11,344,000 after buying an additional 279,830 shares during the last quarter. Lazard Asset Management LLC bought a new position in Innovid during the first quarter worth about $58,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Innovid during the first quarter worth about $56,000. Institutional investors own 25.46% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. JMP Securities reaffirmed a "market outperform" rating and set a $3.00 price target on shares of Innovid in a research report on Tuesday, June 4th. Morgan Stanley raised their price target on Innovid from $2.20 to $2.50 and gave the stock an "equal weight" rating in a research report on Tuesday, July 23rd. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $3.00 price target on shares of Innovid in a research report on Tuesday, August 6th.

Innovid Trading Down 0.6 %

Shares of NYSE:CTV traded down $0.01 during trading on Tuesday, hitting $1.79. 82,282 shares of the company were exchanged, compared to its average volume of 380,885. The stock has a market cap of $258.50 million, a price-to-earnings ratio of -8.52 and a beta of 3.14. Innovid Corp. has a fifty-two week low of $0.95 and a fifty-two week high of $2.58. The firm has a fifty day moving average price of $1.83 and a two-hundred day moving average price of $2.00.

Innovid (NYSE:CTV - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.06). The company had revenue of $37.95 million for the quarter, compared to analyst estimates of $39.35 million. Innovid had a negative return on equity of 7.81% and a negative net margin of 20.24%. During the same period last year, the firm earned ($0.03) EPS. As a group, research analysts predict that Innovid Corp. will post -0.04 EPS for the current year.

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.