Innovid (CTV) Projected to Post Earnings on Tuesday

Innovid (NYSE:CTV) is expected to be announcing its earnings results before the market opens on Tuesday, February 25th. Analysts expect the company to announce earnings of $0.01 per share for the quarter.

Innovid Price Performance

Innovid stock opened at $3.14 on Monday. The firm has a market cap of $466.21 million, a PE ratio of -34.89 and a beta of 3.25. Innovid has a 52-week low of $1.43 and a 52-week high of $3.40. The company’s 50 day moving average is $3.10 and its two-hundred day moving average is $2.41.

Wall Street Analysts Forecast Growth

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

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.