Innovid (NYSE:CTV) Given Hold Rating at Needham & Company LLC

Needham & Company LLC reissued their hold rating on shares of Innovid (NYSE:CTV) in a report released on Friday morning, MarketBeat reports. The firm currently has a $3.00 target price on the stock.

Separately, JMP Securities lowered shares of Innovid from an “outperform” rating to a “market perform” rating in a report on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $2.83.

Innovid Stock Performance

NYSE:CTV opened at $3.05 on Friday. Innovid has a twelve month low of $1.25 and a twelve month high of $3.05. The company has a market cap of $452.09 million, a PE ratio of -33.83 and a beta of 3.08. The company’s 50 day moving average is $1.91 and its two-hundred day moving average is $1.90.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. FMR LLC raised its position in Innovid by 590.2% during the third quarter. FMR LLC now owns 15,413 shares of the company’s stock valued at $28,000 after acquiring an additional 13,180 shares in the last quarter. Miller Investment Management LP acquired a new position in shares of Innovid in the 3rd quarter valued at $36,000. SG Americas Securities LLC acquired a new position in shares of Innovid in the 1st quarter valued at $56,000. Lazard Asset Management LLC purchased a new stake in Innovid during the first quarter worth $58,000. Finally, American Century Companies Inc. acquired a new stake in Innovid during the second quarter valued at $61,000. Hedge funds and other institutional investors own 25.46% of the company’s stock.

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.