Fmr LLC Buys 13,180 Shares of Innovid Corp. (NYSE:CTV)

Fmr LLC boosted its holdings in shares of Innovid Corp. (NYSE:CTV) by 590.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 15,413 shares of the company’s stock after buying an additional 13,180 shares during the quarter. Fmr LLC’s holdings in Innovid were worth $28,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CTV. American Century Companies Inc. acquired a new position in shares of Innovid in the 2nd quarter valued at about $61,000. SG Americas Securities LLC grew its stake in Innovid by 124.1% in the 3rd quarter. SG Americas Securities LLC now owns 36,605 shares of the company’s stock valued at $66,000 after acquiring an additional 20,272 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in Innovid in the 2nd quarter worth $81,000. Rhumbline Advisers lifted its position in shares of Innovid by 3,951.8% in the second quarter. Rhumbline Advisers now owns 116,893 shares of the company’s stock valued at $216,000 after acquiring an additional 114,008 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Innovid by 2,993.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 314,599 shares of the company’s stock valued at $582,000 after acquiring an additional 304,428 shares during the last quarter. 25.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Innovid Stock Performance

NYSE:CTV opened at $3.10 on Thursday. Innovid Corp. has a 1 year low of $1.25 and a 1 year high of $3.40. The stock has a fifty day moving average price of $2.46 and a two-hundred day moving average price of $2.04. The stock has a market capitalization of $460.27 million, a price-to-earnings ratio of -34.44 and a beta of 3.30.

Innovid 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.