FNY Investment Advisers LLC Makes New Investment in Innovid Corp. (NYSE:CTV)

FNY Investment Advisers LLC purchased a new stake in shares of Innovid Corp. (NYSE:CTV) during the fourth quarter, Holdings Channel.com reports. The firm purchased 105,300 shares of the company’s stock, valued at approximately $325,000.

A number of other hedge funds have also modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. boosted its position in Innovid by 2.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 402,421 shares of the company’s stock worth $724,000 after purchasing an additional 10,839 shares in the last quarter. FMR LLC increased its position in shares of Innovid by 590.2% during the third quarter. FMR LLC now owns 15,413 shares of the company’s stock valued at $28,000 after acquiring an additional 13,180 shares during the last quarter. Miller Investment Management LP purchased a new position in shares of Innovid during the third quarter worth $36,000. SG Americas Securities LLC lifted its position in shares of Innovid by 124.1% during the third quarter. SG Americas Securities LLC now owns 36,605 shares of the company’s stock worth $66,000 after purchasing an additional 20,272 shares in the last quarter. Finally, Whetstone Capital Advisors LLC grew its stake in shares of Innovid by 0.7% in the third quarter. Whetstone Capital Advisors LLC now owns 3,268,879 shares of the company’s stock worth $5,884,000 after acquiring an additional 23,642 shares in the last quarter. 25.46% of the stock is owned by institutional investors and hedge funds.

Innovid Stock Down 1.0 %

NYSE:CTV opened at $3.03 on Tuesday. The company has a market cap of $449.87 million, a PE ratio of -33.67 and a beta of 3.26. Innovid Corp. has a 52 week low of $1.25 and a 52 week high of $3.40. The business’s 50 day moving average is $2.76 and its two-hundred day moving average is $2.16.

Analyst Ratings Changes

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

About Innovid

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.