Innovid (NYSE:CTV) Downgraded to Market Perform Rating by JMP Securities

JMP Securities downgraded shares of Innovid (NYSE:CTV) from an outperform rating to a market perform rating in a research report sent to investors on Thursday morning, Marketbeat Ratings reports.

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

Innovid Stock Up 1.3 %

CTV opened at $3.05 on Thursday. The company’s 50-day moving average price is $1.89 and its two-hundred day moving average price is $1.89. Innovid has a twelve month low of $1.25 and a twelve month high of $3.05. The stock has a market cap of $452.84 million, a price-to-earnings ratio of -33.89 and a beta of 3.08.

Institutional Trading of Innovid

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Barclays PLC increased its holdings in Innovid by 283.3% during the 3rd quarter. Barclays PLC now owns 142,422 shares of the company’s stock worth $256,000 after acquiring an additional 105,269 shares during the period. Geode Capital Management LLC boosted its position 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 valued at $4,380,000 after acquiring an additional 184,309 shares during the last quarter. State Street Corp increased its position in shares of Innovid by 12.6% in the third quarter. State Street Corp now owns 1,188,183 shares of the company’s stock worth $2,139,000 after purchasing an additional 133,281 shares during the last quarter. Miller Investment Management LP purchased a new stake in Innovid in the third quarter valued at approximately $36,000. Finally, FMR LLC lifted its position in Innovid by 590.2% during the third quarter. FMR LLC now owns 15,413 shares of the company’s stock valued at $28,000 after purchasing an additional 13,180 shares during the last quarter. 25.46% of the stock is currently 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.