Innoviz Technologies’ (INVZ) “Buy” Rating Reaffirmed at Rosenblatt Securities

Rosenblatt Securities reissued their buy rating on shares of Innoviz Technologies (NASDAQ:INVZ) in a research report report published on Thursday,Benzinga reports. The firm currently has a $4.00 price target on the stock.

Other equities research analysts have also issued reports about the company. Cantor Fitzgerald lowered Innoviz Technologies from an “overweight” rating to a “neutral” rating in a research report on Thursday, November 14th. Westpark Capital reissued a “buy” rating and issued a $2.22 target price on shares of Innoviz Technologies in a research report on Tuesday. Finally, The Goldman Sachs Group lowered their target price on Innoviz Technologies from $1.00 to $0.75 and set a “neutral” rating for the company in a research note on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Innoviz Technologies has a consensus rating of “Moderate Buy” and an average price target of $3.19.

Innoviz Technologies Stock Performance

Shares of INVZ stock opened at $0.73 on Thursday. The company has a market capitalization of $100.00 million, a P/E ratio of -1.15 and a beta of 0.72. Innoviz Technologies has a fifty-two week low of $0.45 and a fifty-two week high of $3.14. The stock has a 50 day moving average price of $1.47 and a two-hundred day moving average price of $0.98.

Innoviz Technologies (NASDAQ:INVZ) last issued its earnings results on Wednesday, February 26th. The company reported ($0.11) EPS for the quarter, hitting the consensus estimate of ($0.11). The company had revenue of $6.03 million for the quarter, compared to the consensus estimate of $5.86 million. Innoviz Technologies had a negative net margin of 321.53% and a negative return on equity of 87.40%. As a group, equities analysts predict that Innoviz Technologies will post -0.6 earnings per share for the current year.

Hedge Funds Weigh In On Innoviz Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Traynor Capital Management Inc. purchased a new stake in shares of Innoviz Technologies in the 4th quarter worth approximately $25,000. FNY Investment Advisers LLC purchased a new stake in shares of Innoviz Technologies in the fourth quarter worth $25,000. Lido Advisors LLC bought a new position in shares of Innoviz Technologies in the fourth quarter worth approximately $29,000. OneDigital Investment Advisors LLC purchased a new stake in shares of Innoviz Technologies during the fourth quarter valued at approximately $37,000. Finally, Sprott Inc. bought a new stake in shares of Innoviz Technologies during the fourth quarter valued at approximately $54,000. Institutional investors own 63.26% of the company’s stock.

Innoviz Technologies Company Profile

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.