Innovid Corp. (NYSE:CTV – Get Rating) insider David Helmreich bought 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The stock was bought at an average cost of $1.24 per share, for a total transaction of $124,000.00. Following the completion of the transaction, the insider now directly owns 698,857 shares of the company’s stock, valued at approximately $866,582.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Innovid Stock Up 3.3 %
CTV opened at $1.24 on Friday. The company has a current ratio of 3.80, a quick ratio of 3.80 and a debt-to-equity ratio of 0.10. Innovid Corp. has a 52-week low of $0.75 and a 52-week high of $5.08. The company has a 50 day moving average of $1.09 and a two-hundred day moving average of $1.79.
Innovid (NYSE:CTV – Get Rating) last posted its earnings results on Friday, February 24th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $33.70 million for the quarter, compared to analyst estimates of $35.17 million. On average, sell-side analysts predict that Innovid Corp. will post -0.11 EPS for the current fiscal year.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
CTV has been the subject of several research reports. JMP Securities reiterated a “market outperform” rating and set a $5.00 price objective on shares of Innovid in a research note on Thursday, March 16th. Morgan Stanley decreased their price objective on shares of Innovid from $2.40 to $2.20 and set an “equal weight” rating for the company in a research note on Monday, March 6th.
Innovid Company Profile
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.
- Get a free copy of the StockNews.com research report on Innovid (CTV)
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