Innoviz Technologies Ltd. (NASDAQ:INVZ) Given Consensus Rating of “Hold” by Brokerages

Shares of Innoviz Technologies Ltd. (NASDAQ:INVZ) have earned an average rating of “Hold” from the five brokerages that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $3.2667.

INVZ has been the topic of a number of analyst reports. The Goldman Sachs Group set a $2.50 price objective on shares of Innoviz Technologies and gave the company a “buy” rating in a report on Monday, September 29th. Weiss Ratings restated a “sell (d-)” rating on shares of Innoviz Technologies in a report on Wednesday, October 8th. Finally, Westpark Capital raised their price objective on shares of Innoviz Technologies from $2.53 to $3.30 and gave the company a “buy” rating in a report on Thursday, August 14th.

Institutional Investors Weigh In On Innoviz Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank Hapoalim BM acquired a new stake in shares of Innoviz Technologies in the 2nd quarter valued at $26,000. O ROURKE & COMPANY Inc acquired a new stake in shares of Innoviz Technologies in the 2nd quarter valued at $33,000. WMG Financial Advisors LLC acquired a new stake in Innoviz Technologies during the 2nd quarter worth $34,000. Arkadios Wealth Advisors acquired a new stake in Innoviz Technologies during the 1st quarter worth $40,000. Finally, Corsair Capital Management L.P. acquired a new stake in Innoviz Technologies during the 2nd quarter worth $41,000. 63.26% of the stock is currently owned by institutional investors and hedge funds.

Innoviz Technologies Stock Up 0.5%

Innoviz Technologies stock opened at $2.03 on Tuesday. The firm has a market cap of $408.68 million, a PE ratio of -4.83 and a beta of 1.30. Innoviz Technologies has a 52-week low of $0.45 and a 52-week high of $3.14. The company’s 50 day moving average is $1.91 and its two-hundred day moving average is $1.44.

Innoviz Technologies (NASDAQ:INVZ) last released its earnings results on Wednesday, August 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). The business had revenue of $9.75 million for the quarter, compared to analyst estimates of $9.00 million. Innoviz Technologies had a negative return on equity of 80.09% and a negative net margin of 197.89%. Innoviz Technologies has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that Innoviz Technologies will post -0.6 earnings per share for the current fiscal year.

About Innoviz Technologies

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.