Acadian Asset Management LLC boosted its stake in Innovid Corp. (NYSE:CTV – Free Report) by 12.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 589,182 shares of the company’s stock after buying an additional 67,316 shares during the period. Acadian Asset Management LLC owned 0.41% of Innovid worth $1,088,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of CTV. SG Americas Securities LLC bought a new stake in shares of Innovid in the 1st quarter worth $56,000. Vanguard Group Inc. raised its position in Innovid by 6.5% in the first quarter. Vanguard Group Inc. now owns 4,555,974 shares of the company’s stock worth $11,344,000 after acquiring an additional 279,830 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in Innovid in the 1st quarter valued at about $58,000. Bank of New York Mellon Corp grew its stake 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 last quarter. Finally, Legato Capital Management LLC bought a new stake in shares of Innovid in the 2nd quarter worth approximately $438,000. Institutional investors and hedge funds own 25.46% of the company’s stock.
Innovid Stock Performance
NYSE CTV opened at $1.82 on Tuesday. The firm’s 50 day moving average price is $1.82 and its two-hundred day moving average price is $2.01. Innovid Corp. has a twelve month low of $0.95 and a twelve month high of $2.58. The stock has a market cap of $262.83 million, a price-to-earnings ratio of -8.67 and a beta of 3.11.
Wall Street Analyst Weigh In
CTV has been the subject of a number of research reports. Needham & Company LLC restated a “buy” rating and set a $3.00 target price on shares of Innovid in a report on Tuesday, August 6th. JMP Securities restated a “market outperform” rating and issued a $3.00 target price on shares of Innovid in a report on Tuesday, June 4th. Finally, Morgan Stanley boosted their target price on Innovid from $2.20 to $2.50 and gave the stock an “equal weight” rating in a research report on Tuesday, July 23rd.
Check Out Our Latest Report on Innovid
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.
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