Innoviz Technologies (NASDAQ:INVZ) Announces Quarterly Earnings Results, Hits Expectations

Posted by Simon Gomez on Feb 27th, 2025

Innoviz Technologies (NASDAQ:INVZ – Get Free Report) posted its quarterly earnings data on Wednesday. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.11), Zacks reports. Innoviz Technologies had a negative return on equity of 87.40% and a negative net margin of 321.53%. The company had revenue of $6.03 million for the quarter, compared to analysts’ expectations of $5.86 million. Innoviz Technologies updated its FY 2025 guidance to EPS.

Innoviz Technologies Trading Up 3.1 %

NASDAQ:INVZ traded up $0.02 during trading hours on Thursday, hitting $0.80. The company’s stock had a trading volume of 3,780,221 shares, compared to its average volume of 14,633,227. The stock has a fifty day moving average of $1.47 and a 200-day moving average of $0.98. The stock has a market capitalization of $109.49 million, a P/E ratio of -1.26 and a beta of 0.72. Innoviz Technologies has a 52-week low of $0.45 and a 52-week high of $3.14.

Analysts Set New Price Targets

A number of research analysts have commented on INVZ shares. Rosenblatt Securities restated a “buy” rating and set a $4.00 price target on shares of Innoviz Technologies in a research note on Thursday. Westpark Capital reaffirmed a “buy” rating and set a $2.22 price objective on shares of Innoviz Technologies in a research report on Tuesday. The Goldman Sachs Group cut their price objective on Innoviz Technologies from $1.00 to $0.75 and set a “neutral” rating on the stock in a research report on Thursday, November 14th. Finally, Cantor Fitzgerald lowered Innoviz Technologies from an “overweight” rating to a “neutral” rating in a research report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $3.19.

Check Out Our Latest Analysis on Innoviz Technologies

Innoviz Technologies Company Profile

(Get Free Report)

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.