Innoviz Technologies (NASDAQ:INVZ) Issues Earnings Results, Meets Expectations

Innoviz Technologies (NASDAQ:INVZ) posted its earnings results on Wednesday. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.11), Zacks reports. Innoviz Technologies had a negative return on equity of 87.40% and a negative net margin of 321.53%. Innoviz Technologies updated its FY 2025 guidance to EPS.

Innoviz Technologies Stock Down 1.8 %

Innoviz Technologies stock traded down $0.01 during mid-day trading on Wednesday, hitting $0.80. 16,912,796 shares of the company’s stock traded hands, compared to its average volume of 14,682,511. Innoviz Technologies has a one year low of $0.45 and a one year high of $3.14. The firm has a 50 day moving average price of $1.48 and a 200 day moving average price of $0.98. The company has a market cap of $108.68 million, a PE ratio of -1.25 and a beta of 0.72.

Analyst Upgrades and Downgrades

INVZ has been the subject of several recent research reports. Westpark Capital reaffirmed a “buy” rating and issued a $2.22 price objective on shares of Innoviz Technologies in a research report on Tuesday. The Goldman Sachs Group dropped their price target on shares of Innoviz Technologies from $1.00 to $0.75 and set a “neutral” rating on the stock in a research note on Thursday, November 14th. Cantor Fitzgerald cut shares of Innoviz Technologies from an “overweight” rating to a “neutral” rating in a research report on Thursday, November 14th. Finally, Rosenblatt Securities upgraded Innoviz Technologies from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $3.25 to $4.00 in a research note on Friday, December 20th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $3.19.

About Innoviz Technologies

Innoviz Technologies Ltd. manufactures and sells automotive grade LiDAR sensors and perception software to enable safe autonomous driving at a mass scale. The company offers InnovizOne, a solid-state LiDAR sensor designed for automakers and robotaxis, shuttles, trucks, and delivery companies requiring an automotive-grade and mass-producible solution to achieve autonomy.