Innovid Corp. (NYSE:CTV – Get Free Report) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 1,430,000 shares, a decline of 7.7% from the September 30th total of 1,550,000 shares. Currently, 1.6% of the shares of the company are short sold. Based on an average trading volume of 237,900 shares, the days-to-cover ratio is presently 6.0 days.
Innovid Stock Performance
CTV stock traded up $0.02 during midday trading on Friday, hitting $1.93. 137,926 shares of the stock were exchanged, compared to its average volume of 337,852. The stock has a market cap of $282.57 million, a price-to-earnings ratio of -13.78 and a beta of 3.11. Innovid has a fifty-two week low of $1.01 and a fifty-two week high of $2.58. The stock’s 50-day moving average price is $1.81 and its 200-day moving average price is $1.93.
Innovid (NYSE:CTV – Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.06). Innovid had a negative return on equity of 10.97% and a negative net margin of 14.15%. The business had revenue of $37.95 million during the quarter, compared to analysts’ expectations of $39.35 million. During the same quarter in the prior year, the firm earned ($0.03) earnings per share. Research analysts anticipate that Innovid will post -0.11 EPS for the current year.
Hedge Funds Weigh In On Innovid
Wall Street Analyst Weigh In
CTV has been the topic of several recent analyst reports. Morgan Stanley boosted their target price on Innovid from $2.20 to $2.50 and gave the stock an “equal weight” rating in a research report on Tuesday, July 23rd. Needham & Company LLC reissued a “buy” rating and issued a $3.00 target price on shares of Innovid in a report on Tuesday, August 6th.
Check Out Our Latest Research Report on Innovid
Innovid Company 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.
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