ABC Arbitrage SA Buys New Stake in Innovid Corp. (NYSE:CTV)

ABC Arbitrage SA bought a new stake in Innovid Corp. (NYSE:CTV) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 607,134 shares of the company’s stock, valued at approximately $1,876,000. ABC Arbitrage SA owned about 0.41% of Innovid at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tokio Marine Asset Management Co. Ltd. acquired a new position in Innovid in the 4th quarter valued at $1,615,000. Geode Capital Management LLC grew its stake in Innovid by 8.2% in the 3rd quarter. Geode Capital Management LLC now owns 2,433,158 shares of the company’s stock valued at $4,380,000 after buying an additional 184,309 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Innovid by 326.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 205,249 shares of the company’s stock valued at $369,000 after buying an additional 157,112 shares during the last quarter. Barclays PLC grew its stake in Innovid by 283.3% in the 3rd quarter. Barclays PLC now owns 142,422 shares of the company’s stock valued at $256,000 after buying an additional 105,269 shares during the last quarter. Finally, FMR LLC grew its stake in Innovid by 590.2% in the 3rd quarter. FMR LLC now owns 15,413 shares of the company’s stock valued at $28,000 after buying an additional 13,180 shares during the last quarter. 25.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Innovid Stock Up 0.2 %

NYSE:CTV opened at $3.15 on Friday. The company has a 50-day moving average of $3.09 and a 200-day moving average of $2.36. Innovid Corp. has a 52 week low of $1.43 and a 52 week high of $3.40.

Innovid 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.