Fmr LLC Has $28,000 Stock Position in Innovid Corp. (NYSE:CTV)

Fmr LLC increased its position in Innovid Corp. (NYSE:CTV) by 590.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,413 shares of the company’s stock after buying an additional 13,180 shares during the period. Fmr LLC’s holdings in Innovid were worth $28,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CTV. Bank of New York Mellon Corp raised its holdings in shares of Innovid by 2,993.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 314,599 shares of the company’s stock worth $582,000 after purchasing an additional 304,428 shares during the period. Rhumbline Advisers increased its holdings in shares of Innovid by 3,951.8% in the second quarter. Rhumbline Advisers now owns 116,893 shares of the company’s stock worth $216,000 after buying an additional 114,008 shares during the period. Acadian Asset Management LLC grew its stake in shares of Innovid by 12.9% in the second quarter. Acadian Asset Management LLC now owns 589,182 shares of the company’s stock worth $1,088,000 after purchasing an additional 67,316 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Innovid by 124.1% in the 3rd quarter. SG Americas Securities LLC now owns 36,605 shares of the company’s stock worth $66,000 after purchasing an additional 20,272 shares during the period. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Innovid during the 2nd quarter valued at about $81,000. 25.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

CTV has been the topic of several research reports. Needham & Company LLC restated a “hold” rating and set a $3.00 price target on shares of Innovid in a research report on Friday, November 22nd. JMP Securities downgraded shares of Innovid from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 21st. Finally, Citizens Jmp cut shares of Innovid from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, Innovid currently has an average rating of “Hold” and an average price target of $2.83.

Innovid Trading Up 0.3 %

Shares of CTV stock opened at $3.10 on Thursday. The stock has a market capitalization of $460.27 million, a price-to-earnings ratio of -34.44 and a beta of 3.30. Innovid Corp. has a 12-month low of $1.25 and a 12-month high of $3.40. The stock’s 50-day moving average price is $2.46 and its 200-day moving average price is $2.04.

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.