Innovid Corp. (NYSE:CTV) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lowered its holdings in shares of Innovid Corp. (NYSE:CTV) by 76.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,435 shares of the company’s stock after selling 284,583 shares during the period. Jane Street Group LLC owned 0.06% of Innovid worth $157,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CTV. FMR LLC lifted its stake 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 acquiring an additional 13,180 shares during the period. Miller Investment Management LP purchased a new stake in shares of Innovid during the third quarter worth about $36,000. American Century Companies Inc. purchased a new stake in shares of Innovid during the second quarter worth about $61,000. SG Americas Securities LLC grew its holdings in Innovid by 124.1% in 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 during the period. Finally, The Manufacturers Life Insurance Company acquired a new position in Innovid during the second quarter worth approximately $81,000. Institutional investors and hedge funds own 25.46% of the company’s stock.

Wall Street Analyst Weigh In

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

Innovid Trading Down 1.0 %

Shares of CTV stock opened at $3.03 on Tuesday. The company has a market capitalization of $449.87 million, a PE ratio of -33.67 and a beta of 3.26. The firm has a fifty day simple moving average of $2.76 and a 200-day simple moving average of $2.16. Innovid Corp. has a twelve month low of $1.25 and a twelve month high of $3.40.

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.