FNY Investment Advisers LLC Invests $325,000 in Innovid Corp. (NYSE:CTV)

FNY Investment Advisers LLC acquired a new position in shares of Innovid Corp. (NYSE:CTV) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 105,300 shares of the company’s stock, valued at approximately $325,000. FNY Investment Advisers LLC owned 0.07% of Innovid at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its holdings in Innovid by 2,993.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 314,599 shares of the company’s stock valued at $582,000 after acquiring an additional 304,428 shares in the last quarter. Rhumbline Advisers boosted its position in Innovid by 3,951.8% during the 2nd quarter. Rhumbline Advisers now owns 116,893 shares of the company’s stock worth $216,000 after buying an additional 114,008 shares during the period. Acadian Asset Management LLC increased its holdings in Innovid by 12.9% in the second quarter. Acadian Asset Management LLC now owns 589,182 shares of the company’s stock valued at $1,088,000 after purchasing an additional 67,316 shares during the period. American Century Companies Inc. acquired a new stake in Innovid during the 2nd quarter valued at approximately $61,000. Finally, The Manufacturers Life Insurance Company acquired a new position in Innovid in the second quarter valued at $81,000. 25.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CTV has been the topic of a number of research reports. Needham & Company LLC reaffirmed a “hold” rating and set a $3.00 price target on shares of Innovid in a research note on Friday, November 22nd. JMP Securities lowered shares of Innovid from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 21st. Finally, Citizens Jmp downgraded Innovid from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Innovid has an average rating of “Hold” and an average target price of $2.83.

Innovid Stock Down 1.0 %

NYSE CTV opened at $3.03 on Tuesday. Innovid Corp. has a twelve month low of $1.25 and a twelve month high of $3.40. The business has a 50-day moving average price of $2.76 and a 200-day moving average price of $2.16. The firm has a market cap of $449.87 million, a price-to-earnings ratio of -33.67 and a beta of 3.26.

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.