Tokio Marine Asset Management Co. Ltd. Buys Shares of 522,700 Innovid Corp. (NYSE:CTV)

Tokio Marine Asset Management Co. Ltd. acquired a new position in Innovid Corp. (NYSE:CTV) during the 4th quarter, Holdings Channel reports. The firm acquired 522,700 shares of the company’s stock, valued at approximately $1,615,000.

Several other large investors also recently added to or reduced their stakes in the business. Royce & Associates LP lifted its holdings in Innovid by 5.4% during the third quarter. Royce & Associates LP now owns 4,376,721 shares of the company’s stock valued at $7,878,000 after purchasing an additional 223,940 shares in the last quarter. Whetstone Capital Advisors LLC lifted its stake in shares of Innovid by 0.7% during the 3rd quarter. Whetstone Capital Advisors LLC now owns 3,268,879 shares of the company’s stock valued at $5,884,000 after buying an additional 23,642 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Innovid by 8.2% in the 3rd quarter. Geode Capital Management LLC now owns 2,433,158 shares of the company’s stock worth $4,380,000 after buying an additional 184,309 shares during the period. State Street Corp increased its stake in Innovid by 12.6% in the 3rd quarter. State Street Corp now owns 1,188,183 shares of the company’s stock worth $2,139,000 after buying an additional 133,281 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in Innovid by 2.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 402,421 shares of the company’s stock valued at $724,000 after acquiring an additional 10,839 shares during the period. 25.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Innovid Trading Up 0.5 %

Shares of NYSE:CTV opened at $3.13 on Tuesday. The company has a market cap of $463.97 million, a price-to-earnings ratio of -34.72 and a beta of 3.25. Innovid Corp. has a 12 month low of $1.43 and a 12 month high of $3.40. The company has a 50-day moving average price of $3.07 and a 200 day moving average price of $2.30.

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.