Gardner Lewis Asset Management L P Takes $2.81 Million Position in Innovid Corp. (NYSE:CTV)

Gardner Lewis Asset Management L P bought a new position in shares of Innovid Corp. (NYSE:CTV) in the 4th quarter, HoldingsChannel.com reports. The firm bought 909,059 shares of the company’s stock, valued at approximately $2,809,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Innovid by 2.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 402,421 shares of the company’s stock worth $724,000 after purchasing an additional 10,839 shares in the last quarter. FMR LLC grew its position in shares of Innovid by 590.2% in the 3rd quarter. FMR LLC now owns 15,413 shares of the company’s stock valued at $28,000 after buying an additional 13,180 shares during the last quarter. Miller Investment Management LP acquired a new stake in Innovid during the 3rd quarter worth $36,000. State Street Corp lifted its position in Innovid by 12.6% in the third quarter. State Street Corp now owns 1,188,183 shares of the company’s stock valued at $2,139,000 after acquiring an additional 133,281 shares during the last quarter. Finally, Barclays PLC boosted its stake in Innovid by 283.3% in the third quarter. Barclays PLC now owns 142,422 shares of the company’s stock valued at $256,000 after acquiring an additional 105,269 shares in the last quarter. Hedge funds and other institutional investors own 25.46% of the company’s stock.

Innovid Stock Performance

Shares of CTV stock opened at $3.14 on Friday. The stock’s 50-day moving average is $3.13 and its two-hundred day moving average is $2.63. Innovid Corp. has a 1 year low of $1.50 and a 1 year high of $3.40. The firm has a market cap of $466.21 million, a price-to-earnings ratio of -34.89 and a beta of 3.25.

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.