SBI Securities Co. Ltd. boosted its position in Innoviz Technologies Ltd. (NASDAQ:INVZ - Free Report) by 237.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 312,572 shares of the company's stock after buying an additional 219,824 shares during the quarter. SBI Securities Co. Ltd. owned approximately 0.16% of Innoviz Technologies worth $204,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in INVZ. Lido Advisors LLC bought a new stake in shares of Innoviz Technologies in the 4th quarter valued at about $29,000. OneDigital Investment Advisors LLC bought a new stake in Innoviz Technologies during the 4th quarter worth approximately $37,000. XTX Topco Ltd purchased a new stake in Innoviz Technologies during the 4th quarter valued at $80,000. Moore Capital Management LP purchased a new stake in shares of Innoviz Technologies in the 4th quarter worth about $84,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Innoviz Technologies during the 4th quarter valued at about $87,000. 63.26% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities analysts have issued reports on INVZ shares. Rosenblatt Securities reissued a "buy" rating and set a $4.00 price target on shares of Innoviz Technologies in a research report on Thursday, May 15th. Wall Street Zen upgraded Innoviz Technologies from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Westpark Capital lifted their price objective on Innoviz Technologies from $2.22 to $2.53 and gave the stock a "buy" rating in a report on Wednesday, June 18th. Finally, The Goldman Sachs Group boosted their price objective on Innoviz Technologies from $0.75 to $1.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $2.38.
Get Our Latest Stock Analysis on INVZ
Innoviz Technologies Stock Down 7.4%
Shares of INVZ traded down $0.14 during mid-day trading on Monday, reaching $1.75. 12,032,515 shares of the stock traded hands, compared to its average volume of 5,647,099. Innoviz Technologies Ltd. has a 1 year low of $0.45 and a 1 year high of $3.14. The firm has a fifty day moving average price of $1.20 and a 200 day moving average price of $1.06.
About Innoviz Technologies
(
Free Report)
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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