Barclays PLC Purchases 105,269 Shares of Innovid Corp. (NYSE:CTV)

Barclays PLC boosted its position in shares of Innovid Corp. (NYSE:CTV) by 283.3% in the third quarter, Holdings Channel reports. The firm owned 142,422 shares of the company’s stock after purchasing an additional 105,269 shares during the period. Barclays PLC’s holdings in Innovid were worth $256,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CTV. Royce & Associates LP grew 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 during the period. Whetstone Capital Advisors LLC lifted its holdings in Innovid by 0.7% during the third quarter. Whetstone Capital Advisors LLC now owns 3,268,879 shares of the company’s stock worth $5,884,000 after acquiring an additional 23,642 shares in the last quarter. Geode Capital Management LLC grew its stake in Innovid by 8.2% in the third 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 period. State Street Corp grew its stake in Innovid by 12.6% in 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 period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings 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 worth $724,000 after acquiring an additional 10,839 shares in the last quarter. Institutional investors own 25.46% of the company’s stock.

Innovid Stock Performance

NYSE:CTV opened at $3.09 on Tuesday. The stock has a 50-day simple moving average of $2.87 and a 200 day simple moving average of $2.20. Innovid Corp. has a 52-week low of $1.25 and a 52-week high of $3.40. The company has a market cap of $458.03 million, a PE ratio of -34.28 and a beta of 3.26.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CTV shares. Needham & Company LLC reiterated a “hold” rating and issued a $3.00 price objective on shares of Innovid in a research report on Friday, November 22nd. Citizens Jmp lowered shares of Innovid from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 21st. Finally, JMP Securities downgraded shares of Innovid from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock 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.