Innovid (NYSE:CTV) Downgraded by JMP Securities to Market Perform

JMP Securities downgraded shares of Innovid (NYSE:CTV) from an outperform rating to a market perform rating in a research note released on Thursday morning, MarketBeat.com reports.

Separately, Needham & Company LLC restated a “buy” rating and set a $3.00 target price on shares of Innovid in a research note on Wednesday, November 13th. Four analysts have rated the stock with a hold rating, According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $2.83.

Innovid Trading Up 1.3 %

NYSE CTV opened at $3.05 on Thursday. The company has a market cap of $452.84 million, a price-to-earnings ratio of -33.89 and a beta of 3.08. The company has a 50 day moving average of $1.89 and a 200-day moving average of $1.89. Innovid has a 1-year low of $1.25 and a 1-year high of $3.05.

Institutional Investors Weigh In On Innovid

A number of institutional investors have recently added to or reduced their stakes in the business. Barclays PLC lifted its holdings in Innovid by 283.3% in the third quarter. Barclays PLC now owns 142,422 shares of the company’s stock valued at $256,000 after buying an additional 105,269 shares during the period. Geode Capital Management LLC grew its holdings in Innovid by 8.2% in the third quarter. Geode Capital Management LLC now owns 2,433,158 shares of the company’s stock worth $4,380,000 after purchasing an additional 184,309 shares during the period. State Street Corp increased its stake in Innovid by 12.6% in the third quarter. State Street Corp now owns 1,188,183 shares of the company’s stock valued at $2,139,000 after purchasing an additional 133,281 shares in the last quarter. Miller Investment Management LP bought a new position in shares of Innovid during the 3rd quarter worth about $36,000. Finally, FMR LLC raised its stake in Innovid by 590.2% during 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. 25.46% of the stock is owned by institutional investors.

Innovid Company Profile

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.