SG Americas Securities LLC Raises Holdings in Innovid Corp. (NYSE:CTV)

SG Americas Securities LLC raised its position in Innovid Corp. (NYSE:CTV) by 24.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 45,454 shares of the company’s stock after purchasing an additional 8,849 shares during the period. SG Americas Securities LLC’s holdings in Innovid were worth $140,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Royce & Associates LP raised its position in shares of Innovid by 5.4% in the third 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 last quarter. Whetstone Capital Advisors LLC grew its stake in Innovid by 0.7% during the 3rd quarter. Whetstone Capital Advisors LLC now owns 3,268,879 shares of the company’s stock valued at $5,884,000 after acquiring an additional 23,642 shares in the last quarter. Geode Capital Management LLC raised its holdings in Innovid by 8.2% in 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 lifted its stake in Innovid by 12.6% in the 3rd 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 in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in Innovid by 2.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 402,421 shares of the company’s stock worth $724,000 after purchasing an additional 10,839 shares in the last quarter. Hedge funds and other institutional investors own 25.46% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CTV shares. Needham & Company LLC reaffirmed a “hold” rating and issued a $3.00 price target on shares of Innovid in a report on Friday, November 22nd. JMP Securities downgraded Innovid from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 21st. Finally, Citizens Jmp cut 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.com, the company presently has an average rating of “Hold” and a consensus price target of $2.83.

Innovid Stock Performance

Shares of Innovid stock opened at $3.15 on Tuesday. The stock has a 50 day moving average of $3.08 and a 200 day moving average of $2.34. The firm has a market capitalization of $466.94 million, a price-to-earnings ratio of -34.94 and a beta of 3.25. Innovid Corp. has a fifty-two week low of $1.43 and a fifty-two week high of $3.40.

About Innovid

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.