Innovid (CTV) Set to Announce Quarterly Earnings on Friday

Innovid (NYSE:CTV – Get Rating) is scheduled to be releasing its earnings data before the market opens on Friday, May 6th. Innovid has set its Q1 2022 guidance at EPS and its FY 2022 guidance at EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Innovid (NYSE:CTV – Get Rating) last announced its quarterly earnings data on Thursday, February 24th. The company reported ($0.45) EPS for the quarter. The business had revenue of $25.97 million for the quarter.

Shares of CTV stock opened at $5.53 on Friday. The stock has a 50-day moving average of $5.70. Innovid has a 52 week low of $3.53 and a 52 week high of $10.26.

Institutional investors have recently made changes to their positions in the business. Penserra Capital Management LLC purchased a new stake in Innovid in the 4th quarter worth approximately $36,000. Citadel Advisors LLC acquired a new position in Innovid in the 4th quarter valued at about $68,000. Glenmede Trust Co. NA acquired a new position in Innovid in the 4th quarter valued at about $1,111,000. Finally, Goldman Sachs Group Inc. acquired a new position in shares of Innovid during the fourth quarter worth about $65,678,000.

A number of research firms recently commented on CTV. JMP Securities reiterated a “buy” rating and set a $9.00 price target on shares of Innovid in a report on Tuesday, February 8th. BMO Capital Markets decreased their price target on shares of Innovid from $13.00 to $8.00 and set an “outperform” rating for the company in a research note on Tuesday, February 8th. Finally, Needham & Company LLC cut their price objective on shares of Innovid from $10.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday, February 25th.

About Innovid (Get Rating)

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.

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