Innovid (CTV) Scheduled to Post Quarterly Earnings on Tuesday

Innovid (NYSE:CTV) will be issuing its quarterly earnings data before the market opens on Tuesday, November 12th. Parties interested in registering for the company’s conference call can do so using this link.

Innovid (NYSE:CTV) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.06). Innovid had a negative net margin of 14.15% and a negative return on equity of 10.97%. The firm had revenue of $37.95 million for the quarter, compared to the consensus estimate of $39.35 million. During the same period last year, the business earned ($0.03) EPS. On average, analysts expect Innovid to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Innovid Trading Up 1.0 %

NYSE:CTV traded up $0.02 during trading hours on Tuesday, reaching $1.95. The company had a trading volume of 43,560 shares, compared to its average volume of 335,554. The firm has a market cap of $285.40 million, a price-to-earnings ratio of -13.86 and a beta of 3.08. Innovid has a 52 week low of $1.01 and a 52 week high of $2.58. The firm’s 50 day moving average price is $1.81 and its 200-day moving average price is $1.91.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CTV shares. Morgan Stanley upped their price target on shares of Innovid from $2.20 to $2.50 and gave the company an “equal weight” rating in a research report on Tuesday, July 23rd. Needham & Company LLC reiterated a “buy” rating and issued a $3.00 price objective on shares of Innovid in a research note on Tuesday, August 6th.

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.