Capital Advisors Inc. OK Takes Position in Innoviz Technologies Ltd. $INVZ

Key Points

• Capital Advisors Inc. has acquired a new position in Innoviz Technologies Ltd., purchasing 125,000 shares valued at approximately $205,000.
• Innoviz Technologies has received mixed analyst ratings, with a current average rating of "Hold" and a price target of $3.27.
• Despite reporting revenue of $9.75 million, Innoviz Technologies missed earnings expectations, with a reported EPS of ($0.09) against estimates of ($0.08).

Capital Advisors Inc. OK bought a new stake in Innoviz Technologies Ltd. (NASDAQ:INVZ - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 125,000 shares of the company's stock, valued at approximately $205,000. Capital Advisors Inc. OK owned about 0.06% of Innoviz Technologies as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank Hapoalim BM purchased a new position in shares of Innoviz Technologies during the second quarter worth $26,000. O ROURKE & COMPANY Inc acquired a new position in Innoviz Technologies during the 2nd quarter worth about $33,000. Arkadios Wealth Advisors purchased a new position in Innoviz Technologies during the 1st quarter valued at about $40,000. Millennium Management LLC grew its position in Innoviz Technologies by 511.6% in the 4th quarter. Millennium Management LLC now owns 67,997 shares of the company's stock valued at $114,000 after acquiring an additional 56,879 shares in the last quarter. Finally, NewEdge Advisors LLC increased its stake in Innoviz Technologies by 499.6% during the first quarter. NewEdge Advisors LLC now owns 70,021 shares of the company's stock worth $46,000 after purchasing an additional 58,343 shares during the period. Hedge funds and other institutional investors own 63.26% of the company's stock.

Wall Street Analyst Weigh In

INVZ has been the subject of several recent research reports. Weiss Ratings reissued a "sell (d-)" rating on shares of Innoviz Technologies in a research note on Saturday, September 27th. Westpark Capital increased their target price on shares of Innoviz Technologies from $2.53 to $3.30 and gave the stock a "buy" rating in a report on Thursday, August 14th. Finally, The Goldman Sachs Group set a $2.50 price target on shares of Innoviz Technologies and gave the stock a "buy" rating in a research note on Monday, September 29th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $3.27.

Innoviz Technologies Stock Up 2.2%

Shares of Innoviz Technologies stock opened at $2.36 on Tuesday. Innoviz Technologies Ltd. has a 52-week low of $0.45 and a 52-week high of $3.14. The company has a 50 day moving average of $1.75 and a 200 day moving average of $1.28. The company has a market capitalization of $475.12 million, a P/E ratio of -5.62 and a beta of 1.30.

Innoviz Technologies (NASDAQ:INVZ - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.01). The firm had revenue of $9.75 million during the quarter, compared to analyst estimates of $9.00 million. Innoviz Technologies had a negative net margin of 197.89% and a negative return on equity of 80.09%. Innoviz Technologies has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Innoviz Technologies Ltd. will post -0.6 earnings per share for the current fiscal year.

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.

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