Gardner Lewis Asset Management L P Makes New Investment in Innovid Corp. (NYSE:CTV)

Gardner Lewis Asset Management L P bought a new stake in Innovid Corp. (NYSE:CTV) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 909,059 shares of the company’s stock, valued at approximately $2,809,000. Gardner Lewis Asset Management L P owned 0.61% of Innovid as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Innovid by 10.7% during the 4th quarter. Vanguard Group Inc. now owns 6,295,517 shares of the company’s stock worth $19,453,000 after acquiring an additional 606,459 shares in the last quarter. Magnetar Financial LLC acquired a new position in Innovid in the 4th quarter valued at about $14,610,000. Geode Capital Management LLC increased its stake in Innovid by 8.2% during the third quarter. Geode Capital Management LLC now owns 2,433,158 shares of the company’s stock worth $4,380,000 after purchasing an additional 184,309 shares during the period. State Street Corp boosted its position in Innovid by 12.6% in the 3rd quarter. State Street Corp now owns 1,188,183 shares of the company’s stock valued at $2,139,000 after buying an additional 133,281 shares during the period. Finally, ABC Arbitrage SA acquired a new position in Innovid during the 4th quarter worth $1,876,000. 25.46% of the stock is currently owned by institutional investors and hedge funds.

Innovid Price Performance

CTV stock opened at $3.14 on Friday. The business’s 50-day moving average is $3.13 and its two-hundred day moving average is $2.63. The firm has a market capitalization of $466.21 million, a P/E ratio of -34.89 and a beta of 3.25. Innovid Corp. has a 1 year low of $1.50 and a 1 year 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.