Rosenblatt Securities Upgrades Innoviz Technologies (NASDAQ:INVZ) to Buy

Rosenblatt Securities upgraded shares of Innoviz Technologies (NASDAQ:INVZ) from a neutral rating to a buy rating in a report published on Friday, Marketbeat.com reports. They currently have $4.00 target price on the stock, up from their previous target price of $3.25.

A number of other brokerages also recently commented on INVZ. Cantor Fitzgerald downgraded Innoviz Technologies from an “overweight” rating to a “neutral” rating in a report on Thursday, November 14th. Westpark Capital started coverage on Innoviz Technologies in a research note on Wednesday, November 27th. They set a “buy” rating and a $1.30 target price for the company. Finally, The Goldman Sachs Group dropped their price target on shares of Innoviz Technologies from $1.00 to $0.75 and set a “neutral” rating for the company in a research note on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $3.01.

Innoviz Technologies Price Performance

NASDAQ:INVZ opened at $1.15 on Friday. The firm has a 50-day moving average of $0.72 and a two-hundred day moving average of $0.77. The stock has a market cap of $156.61 million, a P/E ratio of -1.80 and a beta of 1.18. Innoviz Technologies has a 1-year low of $0.45 and a 1-year high of $2.82.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of INVZ. Ground Swell Capital LLC acquired a new stake in shares of Innoviz Technologies during the 2nd quarter valued at approximately $26,000. Choreo LLC bought a new stake in Innoviz Technologies during the second quarter valued at $185,000. SkyView Investment Advisors LLC bought a new stake in Innoviz Technologies during the second quarter valued at $371,000. Interval Partners LP raised its holdings in shares of Innoviz Technologies by 19.6% during the second quarter. Interval Partners LP now owns 2,715,837 shares of the company’s stock worth $2,519,000 after purchasing an additional 444,823 shares during the period. Finally, Polar Asset Management Partners Inc. lifted its position in shares of Innoviz Technologies by 29.6% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 3,219,400 shares of the company’s stock worth $2,665,000 after buying an additional 735,300 shares during the last quarter. Institutional investors own 63.26% of the company’s stock.

Innoviz Technologies Company Profile

Innoviz Technologies Ltd. manufactures and sells automotive grade LiDAR sensors and perception software to enable safe autonomous driving at a mass scale. The company offers InnovizOne, a solid-state LiDAR sensor designed for automakers and robotaxis, shuttles, trucks, and delivery companies requiring an automotive-grade and mass-producible solution to achieve autonomy.