Innoviz Technologies Target of Unusually High Options Trading (NASDAQ:INVZ)

Innoviz Technologies Ltd. (NASDAQ:INVZ - Get Free Report) was the recipient of some unusual options trading activity on Thursday. Traders bought 8,723 call options on the company. This represents an increase of 192% compared to the typical daily volume of 2,989 call options.

Innoviz Technologies Stock Up 0.3%

Shares of INVZ stock traded up $0.01 during trading hours on Friday, reaching $1.69. The stock had a trading volume of 7,975,259 shares, compared to its average volume of 5,501,417. Innoviz Technologies has a twelve month low of $0.45 and a twelve month high of $3.14. The firm has a 50-day simple moving average of $1.10 and a 200-day simple moving average of $1.08.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on INVZ shares. Wall Street Zen raised shares of Innoviz Technologies from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. The Goldman Sachs Group increased their target price on shares of Innoviz Technologies from $0.75 to $1.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Westpark Capital increased their target price on shares of Innoviz Technologies from $2.22 to $2.53 and gave the stock a "buy" rating in a report on Wednesday, June 18th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $4.00 target price on shares of Innoviz Technologies in a report on Thursday, May 15th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $2.38.

Institutional Trading of Innoviz Technologies

Large investors have recently modified their holdings of the company. Lido Advisors LLC acquired a new stake in shares of Innoviz Technologies in the 4th quarter worth about $29,000. OneDigital Investment Advisors LLC acquired a new stake in shares of Innoviz Technologies in the 4th quarter worth about $37,000. Arkadios Wealth Advisors acquired a new stake in shares of Innoviz Technologies in the 1st quarter worth about $40,000. NewEdge Advisors LLC increased its holdings in shares of Innoviz Technologies by 499.6% in the 1st quarter. NewEdge Advisors LLC now owns 70,021 shares of the company's stock worth $46,000 after acquiring an additional 58,343 shares during the period. Finally, XTX Topco Ltd acquired a new stake in shares of Innoviz Technologies in the 4th quarter worth about $80,000. Institutional investors and hedge funds own 63.26% of the company's stock.

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.