Skandinaviska Enskilda Banken AB publ Acquires Shares of 50,858 Innovid Corp. (NYSE:CTV)

Skandinaviska Enskilda Banken AB publ acquired a new stake in Innovid Corp. (NYSE:CTV) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 50,858 shares of the company’s stock, valued at approximately $157,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CTV. FMR LLC increased its stake in Innovid by 590.2% in the 3rd quarter. FMR LLC now owns 15,413 shares of the company’s stock valued at $28,000 after buying an additional 13,180 shares during the last quarter. Miller Investment Management LP acquired a new stake in Innovid in the 3rd quarter valued at $36,000. SG Americas Securities LLC increased its stake in Innovid by 24.2% in the 4th quarter. SG Americas Securities LLC now owns 45,454 shares of the company’s stock valued at $140,000 after buying an additional 8,849 shares during the last quarter. Barclays PLC increased its stake in Innovid by 283.3% in the 3rd quarter. Barclays PLC now owns 142,422 shares of the company’s stock valued at $256,000 after buying an additional 105,269 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new stake in Innovid in the 4th quarter valued at $325,000. 25.46% of the stock is owned by institutional investors.

Innovid Stock Performance

Shares of CTV stock opened at $3.14 on Wednesday. The firm’s 50-day moving average is $3.12 and its 200-day moving average is $2.57. The stock has a market cap of $466.21 million, a price-to-earnings ratio of -34.89 and a beta of 3.25. Innovid Corp. has a 52-week low of $1.50 and a 52-week high of $3.40.

Analysts Set New Price Targets

Several brokerages have issued reports on CTV. Citizens Jmp lowered shares of Innovid from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 21st. JMP Securities lowered shares of Innovid from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 21st. Finally, Needham & Company LLC reaffirmed a “hold” rating and issued a $3.00 target price on shares of Innovid in a report on Friday, November 22nd.

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.