Barclays PLC Increases Holdings in Innovid Corp. (NYSE:CTV)

Barclays PLC lifted its position in shares of Innovid Corp. (NYSE:CTV) by 283.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 142,422 shares of the company’s stock after buying an additional 105,269 shares during the period. Barclays PLC owned about 0.10% of Innovid worth $256,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. FMR LLC grew its position in shares of 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 last quarter. Miller Investment Management LP bought a new stake in shares of Innovid during the third quarter valued at approximately $36,000. American Century Companies Inc. bought a new stake in shares of Innovid during the second quarter valued at approximately $61,000. SG Americas Securities LLC boosted its position in shares of Innovid by 124.1% during 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 in the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Innovid during the second quarter valued at approximately $81,000. 25.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Needham & Company LLC reissued a “hold” rating and issued a $3.00 target price on shares of Innovid in a report on Friday, November 22nd. JMP Securities cut Innovid from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 21st. Finally, Citizens Jmp cut Innovid from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $2.83.

Innovid Stock Up 0.3 %

NYSE CTV opened at $3.04 on Monday. The business has a 50-day moving average price of $2.63 and a 200-day moving average price of $2.10. Innovid Corp. has a twelve month low of $1.25 and a twelve month high of $3.40. The firm has a market cap of $451.36 million, a price-to-earnings ratio of -33.78 and a beta of 3.30.

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.