Innoviz Technologies (NASDAQ:INVZ - Get Free Report) had its price target decreased by equities researchers at The Goldman Sachs Group from $1.00 to $0.75 in a report released on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the stock. The Goldman Sachs Group's target price suggests a potential upside of 50.00% from the stock's current price.
Several other equities analysts have also recently weighed in on the company. Westpark Capital reaffirmed a "buy" rating and set a $6.00 target price on shares of Innoviz Technologies in a research note on Tuesday, August 6th. 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. Finally, Cantor Fitzgerald lowered Innoviz Technologies from an "overweight" rating to a "neutral" rating in a report on Thursday. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $3.80.
Get Our Latest Analysis on INVZ
Innoviz Technologies Stock Performance
INVZ traded down $0.02 during trading on Thursday, reaching $0.50. The company had a trading volume of 2,034,311 shares, compared to its average volume of 2,061,315. The firm's 50-day simple moving average is $0.71 and its 200 day simple moving average is $0.85. The company has a market cap of $68.09 million, a price-to-earnings ratio of -0.75 and a beta of 1.06. Innoviz Technologies has a 12-month low of $0.50 and a 12-month high of $2.99.
Institutional Trading of Innoviz Technologies
A number of institutional investors and hedge funds have recently modified their holdings of the company. Ground Swell Capital LLC acquired a new position in Innoviz Technologies in the second quarter worth $26,000. Virtu Financial LLC increased its holdings in shares of Innoviz Technologies by 85.2% in the first quarter. Virtu Financial LLC now owns 86,171 shares of the company's stock worth $116,000 after acquiring an additional 39,633 shares in the last quarter. Tidal Investments LLC bought a new stake in shares of Innoviz Technologies in the first quarter worth about $258,000. Choreo LLC bought a new stake in shares of Innoviz Technologies in the second quarter worth about $185,000. Finally, Koshinski Asset Management Inc. increased its holdings in shares of Innoviz Technologies by 232.1% in the first quarter. Koshinski Asset Management Inc. now owns 200,308 shares of the company's stock worth $270,000 after acquiring an additional 140,000 shares in the last quarter. 63.26% of the stock is currently owned by institutional investors.
Innoviz Technologies Company Profile
(
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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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