Innovid (CTV) Stock Price, News & Analysis

Company Overview

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. The company serves consumer packaged goods, pharmaceutical and healthcare, retail, financial services, and automotive and technology industries; third party agencies; and publishers in the United States, Canada, Europe, the Middle East, Africa, Latin America, and the Asia Pacific. Innovid Corp. was incorporated in 2007 and is headquartered in New York, New York.

Key Stats

• Today's Range: $1.79 to $1.84
• 50-Day Range: $1.62 to $2.04
• 52-Week Range: $0.95 to $2.58
• Volume: 152,869 shs
• Average Volume: 344,472 shs
• Market Capitalization: $265.00 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $2.83
• Consensus Rating: Moderate Buy

Innovid Stock Analysis - MarketRank™

Innovid scored higher than 39% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Innovid has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Innovid has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Innovid are expected to grow in the coming year, from ($0.11) to $0.04 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Innovid is -13.11, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Innovid is -13.11, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Innovid has a P/B Ratio of 1.32. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

1.70% of the float of Innovid has been sold short.

Short Interest Ratio / Days to Cover

Innovid has a short interest ratio ("days to cover") of 5.9.

Change versus previous month

Short interest in Innovid has recently increased by 12.32%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Innovid does not currently pay a dividend.

Dividend Growth

Innovid does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.70% of the float of Innovid has been sold short.

Short Interest Ratio / Days to Cover

Innovid has a short interest ratio ("days to cover") of 5.9.

Change versus previous month

Short interest in Innovid has recently increased by 12.32%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: N/A

News Sentiment

Innovid has a news sentiment score of 1.95. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.39 average news sentiment score of Communication Services companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Innovid this week, compared to 2 articles on an average week.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Innovid insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 9.90% of the stock of Innovid is held by insiders.

Percentage Held by Institutions

Only 25.46% of the stock of Innovid is held by institutions.

CTV Stock Analysis - Frequently Asked Questions

How have CTV shares performed this year?

Innovid's stock was trading at $1.50 at the beginning of the year. Since then, CTV shares have increased by 22.3% and is now trading at $1.8350.
View the best growth stocks for 2024 here.

How were Innovid's earnings last quarter?

Innovid Corp. (NYSE:CTV) released its earnings results on Tuesday, August, 6th. The company reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by $0.06. The company had revenue of $37.95 million for the quarter, compared to analysts' expectations of $39.35 million. Innovid had a negative net margin of 14.15% and a negative trailing twelve-month return on equity of 10.97%.

Who are Innovid's major shareholders?

Innovid's top institutional shareholders include SG Americas Securities LLC (0.03%). Insiders that own company stock include Sequoia Capital Israel Iv Hold, Zvika Netter, Tal Chalozin, Gilad Shany, David Helmreich, Anthony Callini and Tanya Andreev-Kaspin.
View institutional ownership trends.

How do I buy shares of Innovid?

Shares of CTV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Innovid own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Innovid investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Netflix (NFLX), Invesco QQQ (QQQ), Broadcom (AVGO) and Palo Alto Networks (PANW).

Company Calendar

• Last Earnings: 8/06/2024
• Today: 10/22/2024
• Next Earnings (Estimated): 11/13/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Communication Services
• Industry: Advertising Agencies
• Sub-Industry: Computer Software
• Current Symbol: NYSE:CTV
• CUSIP: N/A
• CIK: 1835378
• Web: www.ion-am.com
• Phone: 212-966-7555
• Fax: N/A
• Employees: 466
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $2.83
• High Stock Price Target: $3.00
• Low Stock Price Target: $2.50
• Potential Upside/Downside: +57.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.21)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-31,910,000.00
• Net Margins: -14.15%
• Pretax Margin: -7.99%
• Return on Equity: -10.97%
• Return on Assets: -8.71%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 2.81
• Quick Ratio: 2.81

Sales & Book Value

• Annual Sales: $149.54 million
• Price / Sales: 1.74
• Cash Flow: $0.05 per share
• Price / Cash Flow: 35.47
• Book Value: $1.39 per share
• Price / Book: 1.29

Miscellaneous

• Outstanding Shares: 144,413,000
• Free Float: 132,498,000
• Market Cap: $259.94 million
• Optionable: Not Optionable
• Beta: 3.11