Innovid’s (CTV) Hold Rating Reiterated at Needham & Company LLC

Needham & Company LLC reaffirmed their hold rating on shares of Innovid (NYSE:CTV) in a research report sent to investors on Friday morning, MarketBeat Ratings reports. Needham & Company LLC currently has a $3.00 price objective on the stock.

Separately, JMP Securities downgraded Innovid from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 21st. Four analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $2.83.

Innovid Price Performance

Shares of NYSE:CTV opened at $3.05 on Friday. The business’s 50 day moving average is $1.91 and its 200 day moving average is $1.90. The stock has a market cap of $452.09 million, a P/E ratio of -33.83 and a beta of 3.08. Innovid has a 52-week low of $1.25 and a 52-week high of $3.05.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CTV. Vanguard Group Inc. grew its stake in Innovid by 6.5% in the first quarter. Vanguard Group Inc. now owns 4,555,974 shares of the company’s stock valued at $11,344,000 after purchasing an additional 279,830 shares during the last quarter. Royce & Associates LP boosted its holdings in shares of Innovid by 5.4% in the 3rd quarter. Royce & Associates LP now owns 4,376,721 shares of the company’s stock valued at $7,878,000 after buying an additional 223,940 shares in the last quarter. Whetstone Capital Advisors LLC grew its position in shares of 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 buying an additional 23,642 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Innovid by 8.2% during the 3rd quarter. Geode Capital Management LLC now owns 2,433,158 shares of the company’s stock worth $4,380,000 after acquiring an additional 184,309 shares in the last quarter. Finally, State Street Corp lifted its position 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 acquiring an additional 133,281 shares during the last quarter. 25.46% of the stock is owned by institutional investors.

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.