Tokio Marine Asset Management Co. Ltd. bought a new position in shares of Innovid Corp. (NYSE:CTV - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 522,700 shares of the company's stock, valued at approximately $1,615,000. Tokio Marine Asset Management Co. Ltd. owned about 0.35% of Innovid as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of CTV. FMR LLC increased its stake in Innovid by 590.2% in the 3rd quarter. FMR LLC now owns 15,413 shares of the company's stock worth $28,000 after buying an additional 13,180 shares during the period. Miller Investment Management LP bought a new position in Innovid during the 3rd quarter worth about $36,000. SG Americas Securities LLC grew its holdings in Innovid by 124.1% during the 3rd quarter. SG Americas Securities LLC now owns 36,605 shares of the company's stock worth $66,000 after acquiring an additional 20,272 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in Innovid during the 2nd quarter worth about $81,000. Finally, Barclays PLC grew its holdings in Innovid by 283.3% during the 3rd quarter. Barclays PLC now owns 142,422 shares of the company's stock worth $256,000 after acquiring an additional 105,269 shares in the last quarter. Institutional investors own 25.46% of the company's stock.
Innovid Stock Down 0.2 %
Shares of Innovid stock traded down $0.01 during midday trading on Thursday, hitting $3.15. The company had a trading volume of 1,055,435 shares, compared to its average volume of 2,092,206. The stock has a market cap of $466.94 million, a price-to-earnings ratio of -34.94 and a beta of 3.25. The company has a fifty day simple moving average of $3.08 and a 200 day simple moving average of $2.31. Innovid Corp. has a 12-month low of $1.43 and a 12-month high of $3.40.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on CTV. JMP Securities cut shares of Innovid from an "outperform" rating to a "market perform" rating in a report on Thursday, November 21st. Needham & Company LLC restated a "hold" rating and issued a $3.00 price target on shares of Innovid in a report on Friday, November 22nd. Finally, Citizens Jmp cut shares of Innovid from a "strong-buy" rating to a "hold" rating in a report on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $2.83.
Check Out Our Latest Research Report on CTV
About Innovid
(
Free Report)
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.
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