Miller Investment Management LP Makes New Investment in Innovid Corp. (NYSE:CTV)

Miller Investment Management LP bought a new position in Innovid Corp. (NYSE:CTV) in the third quarter, according to its most recent disclosure with the SEC. The firm bought 20,000 shares of the company’s stock, valued at approximately $36,000.

Several other institutional investors have also modified their holdings of CTV. Vanguard Group Inc. raised its position in shares of Innovid by 6.5% during the 1st quarter. Vanguard Group Inc. now owns 4,555,974 shares of the company’s stock valued at $11,344,000 after buying an additional 279,830 shares during the period. Bank of New York Mellon Corp increased its stake in Innovid by 2,993.1% during the second quarter. Bank of New York Mellon Corp now owns 314,599 shares of the company’s stock worth $582,000 after acquiring an additional 304,428 shares during the last quarter. Legato Capital Management LLC purchased a new stake in Innovid in the second quarter valued at $438,000. Rhumbline Advisers lifted its stake in shares of Innovid by 3,951.8% in the 2nd quarter. Rhumbline Advisers now owns 116,893 shares of the company’s stock valued at $216,000 after purchasing an additional 114,008 shares during the last quarter. Finally, Acadian Asset Management LLC grew its holdings in shares of Innovid by 12.9% during the 2nd quarter. Acadian Asset Management LLC now owns 589,182 shares of the company’s stock worth $1,088,000 after purchasing an additional 67,316 shares during the period. Hedge funds and other institutional investors own 25.46% of the company’s stock.

Analysts Set New Price Targets

CTV has been the topic of a number of recent analyst reports. Citizens Jmp cut shares of Innovid from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 21st. Needham & Company LLC restated a “hold” rating and issued a $3.00 price objective on shares of Innovid in a report on Friday, November 22nd. Finally, JMP Securities downgraded shares of Innovid from an “outperform” rating to a “market perform” rating in a report on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $2.83.

Innovid Stock Performance

Shares of Innovid stock opened at $3.04 on Wednesday. The business has a 50-day moving average of $2.03 and a 200 day moving average of $1.93. Innovid Corp. has a 12 month low of $1.25 and a 12 month high of $3.05.

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.