Innovid Corp. (NYSE:CTV) Stake Boosted by State Street Corp

State Street Corp lifted its position in Innovid Corp. (NYSE:CTV) by 12.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,188,183 shares of the company’s stock after buying an additional 133,281 shares during the quarter. State Street Corp’s holdings in Innovid were worth $2,139,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in CTV. FMR LLC boosted its holdings in shares of Innovid by 590.2% during the third quarter. FMR LLC now owns 15,413 shares of the company’s stock worth $28,000 after purchasing an additional 13,180 shares during the period. Miller Investment Management LP acquired a new stake in Innovid in the third quarter valued at approximately $36,000. American Century Companies Inc. bought a new stake in Innovid in the second quarter worth approximately $61,000. SG Americas Securities LLC increased its stake in shares of Innovid by 124.1% during the 3rd quarter. SG Americas Securities LLC now owns 36,605 shares of the company’s stock worth $66,000 after purchasing an additional 20,272 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in Innovid in the second quarter worth $81,000. Hedge funds and other institutional investors own 25.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CTV shares. Citizens Jmp lowered Innovid from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 21st. Needham & Company LLC reaffirmed a “hold” rating and issued a $3.00 price target on shares of Innovid in a research report on Friday, November 22nd. Finally, JMP Securities cut Innovid from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 21st. Four analysts have rated the stock with a hold rating, According to MarketBeat, Innovid presently has an average rating of “Hold” and a consensus target price of $2.83.

Innovid Price Performance

NYSE CTV opened at $3.09 on Thursday. The company’s fifty day moving average is $2.59 and its two-hundred day moving average is $2.08. The firm has a market capitalization of $458.77 million, a price-to-earnings ratio of -34.33 and a beta of 3.30. Innovid Corp. has a 52-week low of $1.25 and a 52-week high of $3.40.

Innovid 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.