Innoviz Technologies (NASDAQ:INVZ) Downgraded to “Neutral” Rating by Cantor Fitzgerald

Innoviz Technologies (NASDAQ:INVZGet Free Report) was downgraded by investment analysts at Cantor Fitzgerald from an “overweight” rating to a “neutral” rating in a research note issued to investors on Thursday, Marketbeat Ratings reports.

Several other equities analysts have also weighed in on the company. Rosenblatt Securities reissued a “neutral” rating and issued a $3.25 target price on shares of Innoviz Technologies in a research note on Tuesday, September 10th. Westpark Capital reissued a “buy” rating and issued a $6.00 target price on shares of Innoviz Technologies in a research note on Tuesday, August 6th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Innoviz Technologies presently has a consensus rating of “Hold” and a consensus target price of $3.80.

Check Out Our Latest Stock Analysis on Innoviz Technologies

Innoviz Technologies Stock Down 2.6 %

Shares of INVZ opened at $0.49 on Thursday. Innoviz Technologies has a 12-month low of $0.45 and a 12-month high of $2.99. The firm has a market capitalization of $66.32 million, a PE ratio of -0.76 and a beta of 1.06. The stock’s fifty day simple moving average is $0.71 and its 200-day simple moving average is $0.84.

Institutional Investors Weigh In On Innoviz Technologies

Large investors have recently modified their holdings of the business. Ground Swell Capital LLC acquired a new stake in Innoviz Technologies during the 2nd quarter worth approximately $26,000. Virtu Financial LLC lifted its holdings in Innoviz Technologies by 85.2% during the 1st quarter. Virtu Financial LLC now owns 86,171 shares of the company’s stock worth $116,000 after purchasing an additional 39,633 shares during the last quarter. Choreo LLC acquired a new stake in Innoviz Technologies during the 2nd quarter worth approximately $185,000. Tidal Investments LLC acquired a new stake in Innoviz Technologies during the 1st quarter worth approximately $258,000. Finally, Koshinski Asset Management Inc. lifted its holdings in Innoviz Technologies by 232.1% during the 1st quarter. Koshinski Asset Management Inc. now owns 200,308 shares of the company’s stock worth $270,000 after purchasing an additional 140,000 shares during the last quarter. 63.26% of the stock is currently owned by institutional investors.

Innoviz Technologies Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Innoviz Technologies (NASDAQ:INVZ)

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