Innovid (NYSE:CTV) Stock Rating Lowered by JMP Securities

Innovid (NYSE:CTV) was downgraded by stock analysts at JMP Securities from an “outperform” rating to a “market perform” rating in a research note issued to investors on Thursday, MarketBeat reports.

Separately, Needham & Company LLC restated a “buy” rating and issued a $3.00 target price on shares of Innovid in a research note on Wednesday, November 13th.

Innovid Trading Up 1.3 %

Shares of NYSE:CTV opened at $3.05 on Thursday. Innovid has a 1-year low of $1.25 and a 1-year high of $3.05. The stock has a market cap of $446.55 million, a PE ratio of -33.89 and a beta of 3.08. The stock’s fifty day simple moving average is $1.89 and its two-hundred day simple moving average is $1.89.

Hedge Funds Weigh In On Innovid

A number of hedge funds and other institutional investors have recently made changes to their positions in CTV. Acadian Asset Management LLC lifted its position in shares of Innovid by 174.3% during the first quarter. Acadian Asset Management LLC now owns 521,866 shares of the company’s stock worth $1,297,000 after acquiring an additional 331,643 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Innovid by 2,993.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 314,599 shares of the company’s stock valued at $582,000 after purchasing an additional 304,428 shares during the period. Vanguard Group Inc. lifted its holdings in Innovid by 6.5% during the 1st quarter. Vanguard Group Inc. now owns 4,555,974 shares of the company’s stock worth $11,344,000 after purchasing an additional 279,830 shares in the last quarter. Legato Capital Management LLC bought a new position in Innovid in the 2nd quarter worth about $438,000. Finally, Royce & Associates LP grew its holdings in Innovid by 5.4% during 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 in the last quarter. 25.46% of the stock is owned by hedge funds and other institutional investors.

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.