JPMorgan Chase & Co. Raises Stake in Innovid Corp. (NYSE:CTV)

JPMorgan Chase & Co. lifted its stake in shares of Innovid Corp. (NYSE:CTV) by 326.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 205,249 shares of the company’s stock after purchasing an additional 157,112 shares during the quarter. JPMorgan Chase & Co. owned about 0.14% of Innovid worth $369,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. American Century Companies Inc. acquired a new position in shares of Innovid during the 2nd quarter worth approximately $61,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Innovid during the second quarter valued at $81,000. SG Americas Securities LLC lifted its holdings in Innovid by 124.1% in the 3rd 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. Royce & Associates LP grew its holdings in shares of Innovid by 5.4% during the third quarter. Royce & Associates LP now owns 4,376,721 shares of the company’s stock worth $7,878,000 after buying an additional 223,940 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Innovid by 2.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 402,421 shares of the company’s stock valued at $724,000 after buying an additional 10,839 shares during the period. Hedge funds and other institutional investors own 25.46% of the company’s stock.

Innovid Stock Up 0.2 %

NYSE:CTV opened at $3.12 on Thursday. The business’s 50-day moving average price is $3.07 and its 200 day moving average price is $2.27. Innovid Corp. has a 52-week low of $1.43 and a 52-week high of $3.40. The firm has a market cap of $462.48 million, a P/E ratio of -34.61 and a beta of 3.26.

Wall Street Analysts Forecast Growth

CTV has been the subject of a number of research reports. Needham & Company LLC reaffirmed a “hold” rating and set a $3.00 price target on shares of Innovid in a research report on Friday, November 22nd. Citizens Jmp lowered Innovid from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 21st. Finally, JMP Securities lowered Innovid from an “outperform” rating to a “market perform” 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.com, the company currently has a consensus rating of “Hold” and an average target price of $2.83.

Innovid 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.