OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Takes Position in Innoviz Technologies Ltd. (NASDAQ:INVZ)

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Innoviz Technologies Ltd. (NASDAQ:INVZ - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,150,000 shares of the company's stock, valued at approximately $1,932,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.84% of Innoviz Technologies as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Traynor Capital Management Inc. purchased a new position in shares of Innoviz Technologies during the 4th quarter valued at $25,000. FNY Investment Advisers LLC acquired a new stake in Innoviz Technologies during the fourth quarter valued at $25,000. Lido Advisors LLC purchased a new position in Innoviz Technologies in the fourth quarter valued at about $29,000. OneDigital Investment Advisors LLC acquired a new position in Innoviz Technologies in the 4th quarter worth about $37,000. Finally, Sprott Inc. acquired a new position in Innoviz Technologies in the 4th quarter worth about $54,000. Hedge funds and other institutional investors own 63.26% of the company's stock.

Innoviz Technologies Stock Performance

Shares of INVZ stock opened at $0.92 on Tuesday. The stock's 50 day simple moving average is $0.67 and its 200 day simple moving average is $0.96. Innoviz Technologies Ltd. has a twelve month low of $0.45 and a twelve month high of $3.14. The company has a market capitalization of $182.31 million, a price-to-earnings ratio of -1.43 and a beta of 0.84.

Innoviz Technologies (NASDAQ:INVZ - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The company reported ($0.11) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.11). The business had revenue of $6.03 million during the quarter, compared to analysts' expectations of $5.86 million. Innoviz Technologies had a negative net margin of 321.53% and a negative return on equity of 87.40%. On average, analysts forecast that Innoviz Technologies Ltd. will post -0.6 EPS for the current fiscal year.

Analysts Set New Price Targets

INVZ has been the subject of several research reports. Rosenblatt Securities reiterated a "buy" rating and set a $4.00 price target on shares of Innoviz Technologies in a report on Thursday, February 27th. Westpark Capital reiterated a "buy" rating and issued a $2.22 target price on shares of Innoviz Technologies in a research note on Tuesday, February 25th.

Innoviz Technologies 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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