Weekly Investment Analysts’ Ratings Updates for Innovid (CTV)

A number of firms have modified their ratings and price targets on shares of Innovid (NYSE: CTV) recently:

• 11/22/2024 – Innovid had its “hold” rating reaffirmed by analysts at Needham & Company LLC. They now have a $3.00 price target on the stock.
• 11/21/2024 – Innovid was downgraded by analysts at JMP Securities from an “outperform” rating to a “market perform” rating.
• 11/21/2024 – Innovid was downgraded by analysts at Citizens Jmp from a “strong-buy” rating to a “hold” rating.
• 11/13/2024 – Innovid had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $3.00 price target on the stock.

Innovid Price Performance

NYSE CTV opened at $3.04 on Tuesday. The firm has a market cap of $451.36 million, a P/E ratio of -33.78 and a beta of 3.08. Innovid Corp. has a 52-week low of $1.25 and a 52-week high of $3.05. The business’s 50-day moving average price is $2.01 and its 200 day moving average price is $1.93.

Hedge Funds Weigh In On Innovid

A number of large investors have recently made changes to their positions in the stock. FMR LLC increased its position in shares of 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 in the last quarter. Miller Investment Management LP purchased a new position in Innovid during the 3rd quarter valued at about $36,000. Lazard Asset Management LLC acquired a new position in Innovid during the first quarter worth about $58,000. American Century Companies Inc. purchased a new stake in shares of Innovid in the second quarter valued at about $61,000. Finally, 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. Hedge funds and other institutional investors own 25.46% of the company’s stock.

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.