Interval Partners LP Has $2.52 Million Stock Holdings in Innoviz Technologies Ltd. (NASDAQ:INVZ)

Interval Partners LP boosted its position in Innoviz Technologies Ltd. (NASDAQ:INVZ) by 19.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,715,837 shares of the company’s stock after buying an additional 444,823 shares during the quarter. Interval Partners LP owned approximately 1.99% of Innoviz Technologies worth $2,519,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Victory Capital Management Inc. bought a new position in Innoviz Technologies during the 4th quarter worth $54,000. Jump Financial LLC bought a new stake in shares of Innoviz Technologies during the 4th quarter valued at about $106,000. Vanguard Personalized Indexing Management LLC grew its stake in Innoviz Technologies by 474.0% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 57,454 shares of the company’s stock worth $145,000 after purchasing an additional 47,445 shares during the period. PNC Financial Services Group Inc. acquired a new stake in Innoviz Technologies during the fourth quarter worth approximately $255,000. Finally, Scotia Capital Inc. bought a new stake in Innoviz Technologies in the fourth quarter worth approximately $816,000. Institutional investors and hedge funds own 63.26% of the company’s stock.

Innoviz Technologies Stock Down 1.1 %

Innoviz Technologies stock opened at $0.72 on Tuesday. Innoviz Technologies Ltd. has a twelve month low of $0.50 and a twelve month high of $2.99. The company has a market capitalization of $97.71 million, a PE ratio of -0.90 and a beta of 0.99. The firm has a fifty day simple moving average of $0.73 and a two-hundred day simple moving average of $1.00.

Innoviz Technologies (NASDAQ:INVZ) last posted its earnings results on Wednesday, August 7th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01). Innoviz Technologies had a negative net margin of 338.67% and a negative return on equity of 75.99%. The business had revenue of $6.66 million during the quarter, compared to analysts’ expectations of $4.77 million. During the same period last year, the business posted ($0.23) earnings per share. As a group, equities analysts expect that Innoviz Technologies Ltd. will post -0.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Rosenblatt Securities reaffirmed a “neutral” rating and set a $3.25 price objective on shares of Innoviz Technologies in a research report on Tuesday, September 10th. Westpark Capital reissued a “buy” rating and set a $6.00 target price on shares of Innoviz Technologies in a research note on Tuesday, August 6th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $2.00 price target on shares of Innoviz Technologies in a research note on Monday. Finally, The Goldman Sachs Group downgraded Innoviz Technologies from a “buy” rating to a “neutral” rating and cut their price target for the company from $2.25 to $1.00 in a research note on Thursday, July 11th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $3.85.

About Innoviz Technologies

Innoviz Technologies Ltd. manufactures and sells automotive grade LiDAR sensors and perception software to enable safe autonomous driving at a mass scale. The company offers InnovizOne, a solid-state LiDAR sensor designed for automakers and robotaxis, shuttles, trucks, and delivery companies requiring an automotive-grade and mass-producible solution to achieve autonomy.