JPMorgan Chase & Co. Acquires 157,112 Shares of Innovid Corp. (NYSE:CTV)

JPMorgan Chase & Co. raised its stake in shares of Innovid Corp. (NYSE:CTV) by 326.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 205,249 shares of the company’s stock after acquiring an additional 157,112 shares during the quarter. JPMorgan Chase & Co.’s holdings in Innovid were worth $369,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Innovid by 2.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 402,421 shares of the company’s stock valued at $724,000 after acquiring an additional 10,839 shares during the period. FMR LLC grew its position in Innovid by 590.2% during the third quarter. FMR LLC now owns 15,413 shares of the company’s stock worth $28,000 after buying an additional 13,180 shares in the last quarter. Miller Investment Management LP bought a new position in Innovid during the third quarter valued at about $36,000. SG Americas Securities LLC lifted its position in shares of Innovid by 124.1% in the 3rd quarter. SG Americas Securities LLC now owns 36,605 shares of the company’s stock worth $66,000 after acquiring an additional 20,272 shares during the period. Finally, Whetstone Capital Advisors LLC boosted its stake 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 valued at $5,884,000 after purchasing an additional 23,642 shares in the last quarter. Institutional investors own 25.46% of the company’s stock.

Innovid Stock Up 0.2 %

NYSE CTV opened at $3.12 on Thursday. The firm’s 50 day moving average is $3.07 and its 200-day moving average is $2.27. Innovid Corp. has a 12-month low of $1.43 and a 12-month high of $3.40. The company has a market capitalization of $462.48 million, a PE ratio of -34.61 and a beta of 3.26.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Needham & Company LLC reissued a “hold” rating and set a $3.00 price objective on shares of Innovid in a report on Friday, November 22nd. JMP Securities lowered Innovid from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 21st. Finally, Citizens Jmp downgraded shares of Innovid from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, According to data from MarketBeat, Innovid presently has a consensus rating of “Hold” and a consensus price target of $2.83.

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.