Innoviz Technologies (NASDAQ:INVZ) Given New $0.75 Price Target at The Goldman Sachs Group

Innoviz Technologies (NASDAQ:INVZ) had its price objective lowered by The Goldman Sachs Group from $1.00 to $0.75 in a research report released on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other analysts have also recently issued reports about the company. Cantor Fitzgerald cut Innoviz Technologies from an “overweight” rating to a “neutral” rating in a research report on Thursday. Westpark Capital restated a “buy” rating and issued a $6.00 price objective on shares of Innoviz Technologies in a research report on Tuesday, August 6th. Finally, Rosenblatt Securities reiterated a “neutral” rating and issued a $3.25 price objective on shares of Innoviz Technologies in a research report on Tuesday, September 10th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $3.80.

Innoviz Technologies Trading Down 2.6 %

INVZ opened at $0.49 on Thursday. The business has a 50 day moving average of $0.71 and a 200-day moving average of $0.84. Innoviz Technologies has a 1-year low of $0.45 and a 1-year high of $2.99. The stock has a market capitalization of $66.32 million, a price-to-earnings ratio of -0.76 and a beta of 1.06.

Institutional Trading of Innoviz Technologies

Institutional investors have recently bought and sold shares of the business. Ground Swell Capital LLC acquired a new position in shares of Innoviz Technologies during the 2nd quarter worth about $26,000. Virtu Financial LLC grew its stake in Innoviz Technologies by 85.2% in the first quarter. Virtu Financial LLC now owns 86,171 shares of the company’s stock valued at $116,000 after purchasing an additional 39,633 shares in the last quarter. Choreo LLC acquired a new position in Innoviz Technologies during the second quarter worth $185,000. Tidal Investments LLC bought a new stake in shares of Innoviz Technologies in the 1st quarter valued at about $258,000. Finally, Koshinski Asset Management Inc. lifted its position in shares of Innoviz Technologies by 232.1% in the first quarter. Koshinski Asset Management Inc. now owns 200,308 shares of the company’s stock valued at $270,000 after buying an additional 140,000 shares during the last quarter. Institutional investors and hedge funds 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.