Innovid (NYSE:CTV) Rating Lowered to Hold at Citizens Jmp

Innovid (NYSE:CTV) was downgraded by stock analysts at Citizens Jmp from a “strong-buy” rating to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

A number of other research firms also recently issued reports on CTV. Needham & Company LLC reiterated a “hold” rating and issued a $3.00 target price on shares of Innovid in a report on Friday. JMP Securities downgraded Innovid from an “outperform” rating to a “market perform” rating in a research note on Thursday. Four analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $2.83.

Innovid Trading Up 1.3 %

NYSE:CTV opened at $3.05 on Thursday. Innovid has a 12 month low of $1.25 and a 12 month high of $3.05. The stock has a market capitalization of $452.83 million, a price-to-earnings ratio of -33.89 and a beta of 3.08. The firm has a fifty day simple moving average of $1.89 and a two-hundred day simple moving average of $1.89.

Institutional Trading of Innovid

Several hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC boosted its stake in shares of Innovid by 590.2% during the third quarter. FMR LLC now owns 15,413 shares of the company’s stock valued at $28,000 after purchasing an additional 13,180 shares during the period. Miller Investment Management LP bought a new position in Innovid in the 3rd quarter worth $36,000. SG Americas Securities LLC bought a new position in Innovid in the first quarter worth about $56,000. Lazard Asset Management LLC purchased a new position in shares of Innovid during the 1st quarter worth approximately $58,000. Finally, American Century Companies Inc. purchased a new position in shares of Innovid in the 2nd quarter valued at approximately $61,000. Hedge funds and other institutional investors own 25.46% of the company’s stock.

About Innovid

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.