Innoviz Technologies (NASDAQ:INVZ) Upgraded at Rosenblatt Securities

Rosenblatt Securities upgraded shares of Innoviz Technologies (NASDAQ:INVZ) from a neutral rating to a buy rating in a research report report published on Friday morning, MarketBeat Ratings reports. The firm currently has $4.00 target price on the stock, up from their prior target price of $3.25.

Other equities research analysts also recently issued reports about the stock. The Goldman Sachs Group lowered their target price on shares of Innoviz Technologies from $1.00 to $0.75 and set a “neutral” rating for the company in a report on Thursday, November 14th. Cantor Fitzgerald cut shares of Innoviz Technologies from an “overweight” rating to a “neutral” rating in a research note on Thursday, November 14th. Finally, Westpark Capital began coverage on Innoviz Technologies in a report on Wednesday, November 27th. They set a “buy” rating and a $1.30 price objective for the company. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $3.01.

Innoviz Technologies Price Performance

INVZ opened at $1.15 on Friday. Innoviz Technologies has a 12 month low of $0.45 and a 12 month high of $2.82. The business has a 50-day moving average of $0.72 and a two-hundred day moving average of $0.77. The stock has a market capitalization of $156.61 million, a price-to-earnings ratio of -1.80 and a beta of 1.18.

Institutional Investors Weigh In On Innoviz Technologies

Large investors have recently made changes to their positions in the business. Cowen AND Company LLC boosted its position in Innoviz Technologies by 315.8% during the 2nd quarter. Cowen AND Company LLC now owns 8,127,316 shares of the company’s stock worth $7,538,000 after purchasing an additional 6,172,864 shares during the period. Polar Asset Management Partners Inc. lifted its stake in shares of Innoviz Technologies by 29.6% during the third quarter. Polar Asset Management Partners Inc. now owns 3,219,400 shares of the company’s stock worth $2,665,000 after purchasing an additional 735,300 shares in the last quarter. Interval Partners LP boosted its position in shares of Innoviz Technologies by 19.6% in the second quarter. Interval Partners LP now owns 2,715,837 shares of the company’s stock worth $2,519,000 after buying an additional 444,823 shares during the period. SkyView Investment Advisors LLC acquired a new stake in shares of Innoviz Technologies in the second quarter valued at about $371,000. Finally, Choreo LLC purchased a new stake in shares of Innoviz Technologies during the 2nd quarter valued at about $185,000. Institutional investors and hedge funds own 63.26% of the company’s stock.

Innoviz Technologies Company Profile

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.