Mirae Asset Global Investments Co. Ltd. Invests $11.78 Million in Innoviz Technologies Ltd. (NASDAQ:INVZ)

Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Innoviz Technologies Ltd. (NASDAQ:INVZGet Rating) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,252,945 shares of the company’s stock, valued at approximately $11,776,000. Mirae Asset Global Investments Co. Ltd. owned about 2.41% of Innoviz Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of INVZ. Private Advisor Group LLC bought a new position in shares of Innoviz Technologies during the fourth quarter worth approximately $63,000. Carolinas Wealth Consulting LLC increased its stake in shares of Innoviz Technologies by 33.3% during the first quarter. Carolinas Wealth Consulting LLC now owns 40,000 shares of the company’s stock worth $145,000 after purchasing an additional 10,000 shares during the period. Engineers Gate Manager LP bought a new position in shares of Innoviz Technologies during the first quarter worth approximately $38,000. Evanson Asset Management LLC bought a new position in shares of Innoviz Technologies during the first quarter worth approximately $43,000. Finally, Lauterbach Financial Advisors LLC increased its stake in shares of Innoviz Technologies by 68.3% during the first quarter. Lauterbach Financial Advisors LLC now owns 38,710 shares of the company’s stock worth $140,000 after purchasing an additional 15,710 shares during the period. 50.23% of the stock is owned by institutional investors and hedge funds.

Innoviz Technologies Price Performance

Innoviz Technologies stock opened at $5.54 on Tuesday. The stock’s fifty day moving average price is $4.80 and its two-hundred day moving average price is $4.17. Innoviz Technologies Ltd. has a one year low of $2.89 and a one year high of $8.03. The company has a debt-to-equity ratio of 0.02, a current ratio of 8.29 and a quick ratio of 8.13. The firm has a market cap of $747.29 million, a PE ratio of -6.67 and a beta of 0.07.

Innoviz Technologies (NASDAQ:INVZGet Rating) last posted its quarterly earnings data on Wednesday, August 10th. The company reported ($0.21) EPS for the quarter. Innoviz Technologies had a negative return on equity of 41.48% and a negative net margin of 1,625.51%. The company had revenue of $1.80 million for the quarter. As a group, research analysts expect that Innoviz Technologies Ltd. will post -1.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised their price objective on Innoviz Technologies from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Thursday, August 11th.

About Innoviz Technologies

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Innoviz Technologies Ltd. designs and manufactures solid-state LiDAR sensors and develops perception software that enables the mass production of autonomous vehicles. The company manufactures InnovizOne, a solid-state LiDAR sensor designed for automakers and robotaxi, shuttle, trucking, and delivery companies requiring an automotive-grade and mass-producible solution to achieve autonomy.

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Institutional Ownership by Quarter for Innoviz Technologies (NASDAQ:INVZ)

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