Innovid (NYSE:CTV) Cut to “Market Perform” at JMP Securities

JMP Securities lowered shares of Innovid (NYSE:CTV) from an outperform rating to a market perform rating in a research report report published on Thursday morning, MarketBeat.com reports.

Separately, Needham & Company LLC reaffirmed a “buy” rating and issued a $3.00 price target on shares of Innovid in a research note on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $2.83.

Innovid Stock Performance

Shares of CTV opened at $3.05 on Thursday. Innovid has a 52 week low of $1.25 and a 52 week high of $3.05. The company has a market capitalization of $452.83 million, a PE ratio of -33.89 and a beta of 3.08. The company’s 50 day moving average price is $1.89 and its 200 day moving average price is $1.89.

Institutional Investors Weigh In On Innovid

Several institutional investors and hedge funds have recently modified their holdings of CTV. Vanguard Group Inc. raised its holdings in Innovid by 6.5% during the first quarter. Vanguard Group Inc. now owns 4,555,974 shares of the company’s stock valued at $11,344,000 after buying an additional 279,830 shares in the last quarter. Royce & Associates LP increased its holdings in shares of Innovid by 5.4% during the 3rd quarter. Royce & Associates LP now owns 4,376,721 shares of the company’s stock valued at $7,878,000 after acquiring an additional 223,940 shares during the last quarter. Whetstone Capital Advisors LLC lifted its holdings in Innovid by 0.7% in the 3rd quarter. Whetstone Capital Advisors LLC now owns 3,268,879 shares of the company’s stock worth $5,884,000 after purchasing an additional 23,642 shares during the last quarter. Geode Capital Management LLC boosted its position in Innovid by 8.2% during the third quarter. Geode Capital Management LLC now owns 2,433,158 shares of the company’s stock worth $4,380,000 after purchasing an additional 184,309 shares during the period. Finally, State Street Corp grew its holdings in Innovid by 12.6% during the third quarter. State Street Corp now owns 1,188,183 shares of the company’s stock valued at $2,139,000 after purchasing an additional 133,281 shares during the last quarter. Institutional investors and hedge funds own 25.46% of the company’s stock.

About Innovid

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.