Innoviz Technologies (NASDAQ:INVZ – Get Free Report)‘s stock had its “overweight” rating reissued by investment analysts at Cantor Fitzgerald in a research report issued on Monday, Benzinga reports. They presently have a $2.00 price objective on the stock. Cantor Fitzgerald’s price objective points to a potential upside of 141.55% from the stock’s current price.
INVZ has been the topic of several other research reports. The Goldman Sachs Group lowered shares of Innoviz Technologies from a “buy” rating to a “neutral” rating and dropped their price target for the company from $2.25 to $1.00 in a research note on Thursday, July 11th. Rosenblatt Securities restated a “neutral” rating and issued a $3.25 target price on shares of Innoviz Technologies in a research report on Tuesday, September 10th. Finally, Westpark Capital reiterated a “buy” rating and set a $6.00 price target on shares of Innoviz Technologies in a research report on Tuesday, August 6th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $3.85.
Read Our Latest Research Report on INVZ
Innoviz Technologies Price Performance
Innoviz Technologies (NASDAQ:INVZ – Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01). The company had revenue of $6.66 million during the quarter, compared to the consensus estimate of $4.77 million. Innoviz Technologies had a negative net margin of 338.67% and a negative return on equity of 75.99%. During the same quarter in the previous year, the business posted ($0.23) earnings per share. Equities analysts forecast that Innoviz Technologies will post -0.64 earnings per share for the current year.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Kovack Advisors Inc. bought a new stake in Innoviz Technologies in the first quarter worth about $28,000. Ground Swell Capital LLC bought a new stake in Innoviz Technologies during the second quarter worth approximately $26,000. Virtu Financial LLC grew its position in Innoviz Technologies by 85.2% in the first quarter. Virtu Financial LLC now owns 86,171 shares of the company’s stock worth $116,000 after buying an additional 39,633 shares during the last quarter. PNC Financial Services Group Inc. acquired a new position in Innoviz Technologies in the fourth quarter worth approximately $255,000. Finally, Tidal Investments LLC bought a new position in shares of Innoviz Technologies in the first quarter valued at $258,000. Institutional investors own 63.26% of the company’s stock.
About Innoviz Technologies
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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