Innovid (NYSE:CTV) Given Market Outperform Rating at JMP Securities

Innovid (NYSE:CTV - Get Free Report)'s stock had its "market outperform" rating reaffirmed by stock analysts at JMP Securities in a note issued to investors on Wednesday, Benzinga reports. They currently have a $3.00 price objective on the stock. JMP Securities' price objective would indicate a potential upside of 23.46% from the company's current price.

Several other equities research analysts have also recently issued reports on the stock. Needham & Company LLC reissued a "buy" rating and issued a $2.25 target price on shares of Innovid in a research report on Tuesday, February 27th. Morgan Stanley boosted their target price on shares of Innovid from $1.50 to $1.60 and gave the stock an "equal weight" rating in a research report on Wednesday, February 28th. Finally, TheStreet raised shares of Innovid from a "d" rating to a "c-" rating in a research report on Friday, March 15th.

Innovid Stock Down 2.8 %

Shares of Innovid stock traded down $0.07 during trading hours on Wednesday, hitting $2.43. The company had a trading volume of 242,384 shares, compared to its average volume of 286,434. The company has a market cap of $344.62 million, a P/E ratio of -10.56 and a beta of 3.31. The company's 50-day moving average is $1.95 and its two-hundred day moving average is $1.54. 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 twelve month low of $0.75 and a twelve month high of $2.55.

Innovid (NYSE:CTV - Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The company reported ($0.01) EPS for the quarter, hitting analysts' consensus estimates of ($0.01). The company had revenue of $38.62 million during the quarter, compared to the consensus estimate of $36.90 million. Innovid had a negative net margin of 22.81% and a negative return on equity of 8.92%. During the same quarter in the prior year, the firm earned ($0.03) EPS.

Insider Activity at Innovid

In other Innovid news, CEO Zvika Netter purchased 25,000 shares of the business's stock in a transaction on Wednesday, February 28th. The stock was bought at an average cost of $1.84 per share, with a total value of $46,000.00. Following the acquisition, the chief executive officer now owns 4,085,733 shares of the company's stock, valued at $7,517,748.72. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 9.90% of the stock is currently owned by insiders.

Institutional Trading of Innovid

A number of hedge funds have recently bought and sold shares of CTV. JPMorgan Chase & Co. purchased a new stake in shares of Innovid in the first quarter worth approximately $38,000. Bank of New York Mellon Corp purchased a new stake in shares of Innovid in the first quarter worth approximately $118,000. Bank of Montreal Can purchased a new stake in shares of Innovid in the first quarter worth approximately $72,000. Vanguard Group Inc. purchased a new stake in shares of Innovid in the first quarter worth approximately $4,253,000. Finally, Lazard Asset Management LLC purchased a new stake in shares of Innovid in the first quarter worth approximately $41,000. 25.46% of the stock is owned by hedge funds and other institutional investors.

Innovid Company Profile

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.