Innovid (NYSE:CTV - Get Free Report) will announce its earnings results before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.02) per share for the quarter. Innovid has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Persons interested in listening to the company's earnings conference call can do so using this link.
Innovid (NYSE:CTV - Get Free Report) last issued its quarterly earnings results on Tuesday, February 27th. The company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). Innovid had a negative net margin of 22.81% and a negative return on equity of 8.92%. The business had revenue of $38.62 million for the quarter, compared to the consensus estimate of $36.90 million. During the same quarter in the previous year, the firm earned ($0.03) earnings per share.
Innovid Price Performance
Shares of CTV stock traded down $0.06 during mid-day trading on Tuesday, hitting $2.25. The company had a trading volume of 452,691 shares, compared to its average volume of 273,772. The company has a market capitalization of $319.10 million, a P/E ratio of -9.78 and a beta of 3.31. The stock's 50 day moving average price is $2.16 and its 200-day moving average price is $1.65. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.99 and a quick ratio of 3.99. Innovid has a 52-week low of $0.85 and a 52-week high of $2.58.
Analyst Ratings Changes
CTV has been the topic of several research reports. JMP Securities restated a "market outperform" rating and issued a $3.00 price target on shares of Innovid in a research report on Wednesday, April 10th. Needham & Company LLC restated a "buy" rating and set a $2.25 target price on shares of Innovid in a research report on Tuesday, February 27th. TheStreet upgraded Innovid from a "d" rating to a "c-" rating in a research report on Friday, March 15th. Finally, Morgan Stanley upped their price objective on Innovid from $1.60 to $2.10 and gave the company an "equal weight" rating in a research report on Tuesday, April 16th.
Read Our Latest Research Report on Innovid
Insider Buying and Selling
In other Innovid news, CEO Zvika Netter purchased 25,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 28th. The stock was purchased at an average cost of $1.84 per share, with a total value of $46,000.00. Following the purchase, the chief executive officer now owns 4,085,733 shares of the company's stock, valued at $7,517,748.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.90% of the stock is currently owned by corporate insiders.
Innovid Company Profile
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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.
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