Gilad Shany Purchases 28,328 Shares of Innovid Corp. (NYSE:CTV) Stock

Innovid Corp. (NYSE:CTV – Get Rating) Director Gilad Shany purchased 28,328 shares of the stock in a transaction dated Thursday, May 25th. The stock was purchased at an average cost of $1.19 per share, for a total transaction of $33,710.32. Following the completion of the acquisition, the director now owns 191,624 shares of the company’s stock, valued at approximately $228,032.56. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Gilad Shany also recently made the following trade(s):

• On Tuesday, May 23rd, Gilad Shany purchased 32,660 shares of Innovid stock. The stock was purchased at an average cost of $1.07 per share, for a total transaction of $34,946.20.

Innovid Stock Up 10.0 %

NYSE:CTV traded up $0.12 during trading hours on Friday, hitting $1.32. The company had a trading volume of 1,185,790 shares, compared to its average volume of 416,070. The stock has a 50-day moving average price of $1.09 and a 200 day moving average price of $1.79. Innovid Corp. has a 52 week low of $0.75 and a 52 week high of $5.08. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.80 and a current ratio of 3.80.

Innovid (NYSE:CTV – Get Rating) last released its quarterly earnings results on Friday, February 24th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.02). The company had revenue of $33.70 million during the quarter, compared to the consensus estimate of $35.17 million. Innovid had a negative net margin of 14.82% and a negative return on equity of 9.46%. Equities analysts anticipate that Innovid Corp. will post -0.11 earnings per share for the current year.

Institutional Trading of Innovid

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Innovid by 398.0% during the third quarter. Vanguard Group Inc. now owns 4,223,094 shares of the company’s stock valued at $11,445,000 after buying an additional 3,375,086 shares during the period. AlpInvest Partners B.V. purchased a new position in Innovid in the 1st quarter worth about $2,515,000. Vintage Ventures Advisors Ltd. raised its position in Innovid by 22.5% in the 1st quarter. Vintage Ventures Advisors Ltd. now owns 7,052,864 shares of the company’s stock worth $9,945,000 after buying an additional 1,296,879 shares during the last quarter. Whetstone Capital Advisors LLC raised its position in Innovid by 406.1% in the 1st quarter. Whetstone Capital Advisors LLC now owns 786,190 shares of the company’s stock worth $1,109,000 after buying an additional 630,847 shares during the last quarter. Finally, Hamilton Lane Advisors LLC purchased a new position in Innovid in the 1st quarter worth about $733,000. Institutional investors own 52.36% of the company’s stock.

Wall Street Analysts Forecast Growth

CTV has been the topic of a number of recent analyst reports. JMP Securities reissued a “market outperform” rating and issued a $5.00 price target on shares of Innovid in a report on Thursday, March 16th. Morgan Stanley lowered their target price on shares of Innovid from $2.40 to $2.20 and set an “equal weight” rating on the stock in a research note on Monday, March 6th.

About Innovid

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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.