FY2023 EPS Estimates for Innoviz Technologies Ltd. (NASDAQ:INVZ) Increased by Analyst

Innoviz Technologies Ltd. (NASDAQ:INVZ – Get Rating) – Research analysts at Cantor Fitzgerald raised their FY2023 EPS estimates for Innoviz Technologies in a research note issued on Thursday, March 2nd. Cantor Fitzgerald analyst A. Sheppard now anticipates that the company will post earnings per share of ($0.97) for the year, up from their previous estimate of ($1.04). The consensus estimate for Innoviz Technologies’ current full-year earnings is ($0.95) per share.

INVZ has been the topic of a number of other research reports. Rosenblatt Securities reiterated a “neutral” rating and set a $5.00 price objective on shares of Innoviz Technologies in a research note on Thursday. JPMorgan Chase & Co. lowered their price objective on shares of Innoviz Technologies from $22.00 to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 20th.

Innoviz Technologies Price Performance

NASDAQ INVZ opened at $4.31 on Monday. Innoviz Technologies has a 12 month low of $2.89 and a 12 month high of $6.21. The firm has a market capitalization of $585.34 million, a PE ratio of -4.59 and a beta of 0.64. The company’s 50 day simple moving average is $4.65 and its 200 day simple moving average is $4.85.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Squarepoint Ops LLC grew its position in Innoviz Technologies by 29.9% in the fourth quarter. Squarepoint Ops LLC now owns 15,587 shares of the company’s stock worth $61,000 after buying an additional 3,587 shares during the last quarter. Wolverine Asset Management LLC grew its position in Innoviz Technologies by 19.8% in the third quarter. Wolverine Asset Management LLC now owns 27,356 shares of the company’s stock worth $142,000 after buying an additional 4,525 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new position in Innoviz Technologies in the third quarter worth approximately $34,000. Public Employees Retirement Association of Colorado acquired a new position in Innoviz Technologies in the fourth quarter worth approximately $33,000. Finally, Carolinas Wealth Consulting LLC grew its position in Innoviz Technologies by 33.3% in the first quarter. Carolinas Wealth Consulting LLC now owns 40,000 shares of the company’s stock worth $145,000 after buying an additional 10,000 shares during the last quarter. Institutional investors and hedge funds own 51.74% of the company’s stock.

About Innoviz Technologies

(Get Rating)

Innoviz Technologies Ltd. designs and manufactures solid-state LiDAR sensors and develops perception software that enables the mass production of autonomous vehicles. The company manufactures InnovizOne, a solid-state LiDAR sensor designed for automakers and robotaxi, shuttle, trucking, and delivery companies requiring an automotive-grade and mass-producible solution to achieve autonomy.