Innoviz Technologies Ltd. (NASDAQ:INVZ) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Innoviz Technologies Ltd. has received an average recommendation of "Moderate Buy" from four research firms, with a consensus 12-month target price of $3.2667.
• Despite the positive outlook from some analysts, Weiss Ratings downgraded the stock to a "sell (d-)" rating recently, indicating mixed sentiments about the company's future performance.
• The company's stock has risen by 9.0% recently, reaching a price of $2.31, with significant trading volume highlighting increased investor interest.

Innoviz Technologies Ltd. (NASDAQ:INVZ - Get Free Report) has received an average recommendation of "Moderate Buy" from the four research firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $3.2667.

Several equities research analysts have recently weighed in on the company. Weiss Ratings reiterated a "sell (d-)" rating on shares of Innoviz Technologies in a research note on Saturday, September 27th. The Goldman Sachs Group set a $2.50 price objective on Innoviz Technologies and gave the company a "buy" rating in a research report on Monday. Finally, Westpark Capital lifted their target price on Innoviz Technologies from $2.53 to $3.30 and gave the stock a "buy" rating in a report on Thursday, August 14th.

Hedge Funds Weigh In On Innoviz Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of INVZ. Bank Hapoalim BM bought a new position in Innoviz Technologies during the second quarter worth about $26,000. O ROURKE & COMPANY Inc acquired a new position in shares of Innoviz Technologies in the second quarter valued at approximately $33,000. WMG Financial Advisors LLC acquired a new position in shares of Innoviz Technologies in the second quarter valued at approximately $34,000. Arkadios Wealth Advisors acquired a new position in shares of Innoviz Technologies in the first quarter valued at approximately $40,000. Finally, Corsair Capital Management L.P. acquired a new position in shares of Innoviz Technologies in the second quarter valued at approximately $41,000. Institutional investors own 63.26% of the company's stock.

Innoviz Technologies Stock Up 9.0%

Innoviz Technologies stock traded up $0.19 during trading hours on Friday, hitting $2.31. The stock had a trading volume of 21,147,563 shares, compared to its average volume of 8,069,539. The company has a 50-day moving average of $1.73 and a two-hundred day moving average of $1.25. The company has a market cap of $465.05 million, a PE ratio of -5.50 and a beta of 1.30. Innoviz Technologies has a fifty-two week low of $0.45 and a fifty-two week high of $3.14.

Innoviz Technologies (NASDAQ:INVZ - Get Free Report) last posted its quarterly earnings results on Wednesday, August 13th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate 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, analysts forecast that Innoviz Technologies will post -0.6 EPS 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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