Innovid Corp. (NYSE:CTV) CEO Zvika Netter Purchases 100,000 Shares

Innovid Corp. (NYSE:CTV – Get Rating) CEO Zvika Netter acquired 100,000 shares of the stock in a transaction dated Friday, May 19th. The stock was acquired at an average price of $0.97 per share, for a total transaction of $97,000.00. Following the completion of the transaction, the chief executive officer now directly owns 3,960,733 shares of the company’s stock, valued at $3,841,911.01. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Innovid Price Performance

NYSE:CTV opened at $0.98 on Tuesday. The company has a current ratio of 3.80, a quick ratio of 3.80 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $134.25 million, a P/E ratio of -6.52 and a beta of 3.17. Innovid Corp. has a 12 month low of $0.75 and a 12 month high of $5.42. The business’s 50-day moving average is $1.10 and its 200 day moving average is $1.81.

Innovid (NYSE:CTV – Get Rating) last issued its quarterly earnings data on Friday, February 24th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.02). Innovid had a negative return on equity of 9.46% and a negative net margin of 14.82%. The company had revenue of $33.70 million for the quarter, compared to the consensus estimate of $35.17 million. On average, equities research analysts forecast that Innovid Corp. will post -0.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Morgan Stanley lowered their price objective on Innovid from $2.40 to $2.20 and set an “equal weight” rating on the stock in a research report on Monday, March 6th. JMP Securities reiterated a “market outperform” rating and issued a $5.00 target price on shares of Innovid in a research report on Thursday, March 16th.

Institutional Investors Weigh In On Innovid

Several large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its stake in Innovid by 36.0% during the first quarter. JPMorgan Chase & Co. now owns 59,291 shares of the company’s stock worth $84,000 after acquiring an additional 15,679 shares during the last quarter. Susquehanna International Group LLP grew its stake in shares of Innovid by 188.2% during the first quarter. Susquehanna International Group LLP now owns 32,464 shares of the company’s stock valued at $46,000 after buying an additional 21,201 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Innovid during the first quarter valued at approximately $55,000. Geode Capital Management LLC grew its stake in shares of Innovid by 5.2% during the first quarter. Geode Capital Management LLC now owns 1,376,853 shares of the company’s stock valued at $1,941,000 after buying an additional 67,735 shares during the last quarter. Finally, Quarry LP grew its stake in shares of Innovid by 76.9% during the first quarter. Quarry LP now owns 89,266 shares of the company’s stock valued at $126,000 after buying an additional 38,808 shares during the last quarter. 52.36% of the stock is owned by institutional investors.

About Innovid

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Innovid Corp. operates an independent software platform that provides ad serving and creative services. The company 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.