Should I buy or sell Innovid stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Innovid in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CTV shares. View CTV analyst ratings or view top-rated stocks .

What is Innovid's stock price target for 2024?

3 Wall Street analysts have issued 12-month target prices for Innovid's shares. Their CTV share price targets range from $2.10 to $3.00. On average, they predict the company's stock price to reach $2.45 in the next year. This suggests a possible upside of 10.9% from the stock's current price. View analysts price targets for CTV or view top-rated stocks among Wall Street analysts .

How have CTV shares performed in 2024?

Innovid's stock was trading at $1.50 at the start of the year. Since then, CTV stock has increased by 47.3% and is now trading at $2.21. View the best growth stocks for 2024 here .

Are investors shorting Innovid?

Innovid saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 338,800 shares, an increase of 14.1% from the March 15th total of 296,900 shares. Based on an average daily volume of 291,700 shares, the short-interest ratio is currently 1.2 days. Currently, 0.4% of the company's shares are sold short. View Innovid's Short Interest .

When is Innovid's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024. View our CTV earnings forecast .

How can I listen to Innovid's earnings call?

Innovid will be holding an earnings conference call on Tuesday, May 7th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link .

How were Innovid's earnings last quarter?

Innovid Corp. (NYSE:CTV) announced its quarterly earnings results on Tuesday, February, 27th. The company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). The firm earned $38.62 million during the quarter, compared to analysts' expectations of $36.90 million. Innovid had a negative net margin of 22.81% and a negative trailing twelve-month return on equity of 8.92%. During the same quarter in the prior year, the business posted ($0.03) EPS.

What guidance has Innovid issued on next quarter's earnings?

Innovid updated its first quarter 2024 earnings guidance on Tuesday, February, 27th. The company provided EPS guidance of for the period. The company issued revenue guidance of $34.0 million-$36.0 million, compared to the consensus revenue estimate of $33.1 million.

How do I buy shares of Innovid?

Shares of CTV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:CTV

Innovid (CTV) Stock Price, News & Analysis

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$2.21

-0.16 (-6.75%)

(As of 05:36 PM ET)

Compare

Today's Range: $2.19
▼
$2.35
50-Day Range: $1.46
▼
$2.49
52-Week Range: $0.85
▼
$2.58

Volume: 88,215 shs
Average Volume: 281,391 shs
Market Capitalization: $313.42 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $2.45

Get Innovid alerts:

Innovid MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 10.9% Upside
$2.45 Price Target
Short Interest: Healthy
0.38% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.78
Based on 7 Articles This Week
Insider Trading: Acquiring Shares
$66,020 Bought Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.97 out of 5 stars

Computer And Technology Sector

557th out of 585 stocks

Prepackaged Software Industry

190th out of 197 stocks

2.3

Analyst's Opinion

Consensus Rating
Innovid has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Innovid has only been the subject of 3 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.38% of the float of Innovid has been sold short.
Short Interest Ratio / Days to Cover
Innovid has a short interest ratio ("days to cover") of 1.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Innovid has recently increased by 14.11%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Innovid does not currently pay a dividend.
Dividend Growth
Innovid does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CTV.

3.2

News and Social Media Coverage

News Sentiment
Innovid has a news sentiment score of 0.78. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.49 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Innovid this week, compared to 2 articles on an average week.
Search Interest
6 people have searched for CTV on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Innovid to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Innovid insiders have bought more of their company's stock than they have sold. Specifically, they have bought $66,020.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 9.90% of the stock of Innovid is held by insiders.
Percentage Held by Institutions
Only 25.46% of the stock of Innovid is held by institutions.

0.0

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Innovid is -9.61, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Innovid is -9.61, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Innovid has a P/B Ratio of 1.59. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Innovid Stock (NYSE:CTV)

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. The company serves consumer packaged goods, pharmaceutical and healthcare, retail, financial services, and automotive and technology industries; third party agencies; and publishers in the United States, Canada, Europe, the Middle East, Africa, Latin America, and the Asia Pacific. Innovid Corp. was incorporated in 2007 and is headquartered in New York, New York.

CTV Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CTV Stock News Headlines

April 19, 2024 | finance.yahoo.com

Innovid Wins "Best Measurement Tool" Category in the 2024 Digiday Video & TV Awards

April 17, 2024 | americanbankingnews.com

Innovid (NYSE:CTV) Given New $2.10 Price Target at Morgan Stanley

April 19, 2024 | Behind the Markets (Ad)

Tiny Biotech Stock Wins $75 Billion Patent

A little-known biotech has been quietly working on revolutionary treatments for neurodegenerative diseases. Most people have never heard of them... but those in the know have been taking notice. Jeff Bezos cut them a check for $130 million. Fidelity Biosciences for a further $217 million. They've even had several collaborative partnerships with much larger companies like Biogen, Sanofi, and Takeda.

April 16, 2024 | finance.yahoo.com

Innovid to Release First Quarter 2024 Financial Results on May 7th

April 16, 2024 | msn.com

The Trade Desk, Innovid rise as Morgan Stanley previews ad-tech earnings

April 11, 2024 | msn.com

Innovid debuts Harmony initiative for connected TV measurement

April 11, 2024 | americanbankingnews.com

Innovid (NYSE:CTV) Earns Market Outperform Rating from JMP Securities

April 9, 2024 | finance.yahoo.com

Innovid Launches Harmony Initiative to Keep TV Open for Everyone & Controlled by No One

April 19, 2024 | Behind the Markets (Ad)

Tiny Biotech Stock Wins $75 Billion Patent

April 9, 2024 | americanbankingnews.com

Reviewing Innovid (NYSE:CTV) & Global-E Online (NASDAQ:GLBE)

April 8, 2024 | finance.yahoo.com

Innovid Corp. (CTV) Stock Historical Prices & Data - Yahoo Finance

March 20, 2024 | msn.com

Innovid: CTV Accounted for More than Half of Video Ad Impressions in 2023

March 20, 2024 | msn.com

CTV Share Of Digital Video Impressions Rose To 53%, Innovid Reports

March 20, 2024 | businesswire.com

Innovid's Annual CTV Insights Report Finds Interactive CTV Campaigns Drive Up to 10.3x Higher Engagement for Advertisers

March 6, 2024 | investing.com

Innovid Corp. (CTV)

March 5, 2024 | msn.com

AdImpact Names Laia Pescetto VP of Marketing

February 29, 2024 | seekingalpha.com

Innovid Corp. (CTV) Q4 2023 Earnings Call Transcript

February 28, 2024 | finance.yahoo.com

Innovid Corp. (NYSE:CTV) Q4 2023 Earnings Call Transcript

February 28, 2024 | finance.yahoo.com

Innovid to Participate in Upcoming Investor Conferences

February 28, 2024 | businesswire.com

Innovid to Participate in Upcoming Investor Conferences

February 28, 2024 | markets.businessinsider.com

Innovid’s Strong Financials and Market Positioning Garner Buy Rating

February 27, 2024 | markets.businessinsider.com

Innovid Corp. Q4 loss drops in line with estimates

February 27, 2024 | baystreet.ca

Innovid Clears Breakeven on Quarterly Results

February 27, 2024 | finance.yahoo.com

Innovid Corp (CTV) Reports Solid Q4 and Full-Year 2023 Financial Growth

February 27, 2024 | finance.yahoo.com

Innovid Reports Q4 and Fiscal Year 2023 Financial Results

February 27, 2024 | prnewswire.com

Innovid Reports Q4 and Fiscal Year 2023 Financial Results

February 26, 2024 | benzinga.com

A Preview Of Innovid's Earnings

See More Headlines

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Company Calendar

Last Earnings: 2/27/2024
Today: 4/19/2024
Next Earnings (Confirmed): 5/07/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Computer and Technology
Industry: Prepackaged software
Sub-Industry: N/A
Current Symbol: NYSE:CTV
CUSIP: N/A
CIK: 1835378
Web: www.ion-am.com
Phone: 212-966-7555
Fax: N/A
Employees: 466
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $2.45
High Stock Price Target: $3.00
Low Stock Price Target: $2.10
Potential Upside/Downside: +3.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.23)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-31,910,000.00
Net Margins: -22.81%
Pretax Margin: -21.12%
Return on Equity: -8.92%
Return on Assets: -6.99%

Debt

Debt-to-Equity Ratio: 0.10
Current Ratio: 3.99
Quick Ratio: 3.99

Sales & Book Value

Annual Sales: $139.88 million
Price / Sales: 2.40
Cash Flow: $0.05 per share
Price / Cash Flow: 46.70
Book Value: $1.39 per share
Price / Book: 1.71

Miscellaneous

Outstanding Shares: 141,820,000
Free Float: 127,783,000
Market Cap: $336.11 million
Optionable: Not Optionable
Beta: 3.31

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Key Executives

Prof. Zvika Netter (Age 51)
Co-Founder, CEO & Chair of the Board
Comp: $749.87k
Ms. Tanya Andreev-Kaspin (Age 46)
Executive Officer
Comp: $575.13k
Mr. Anthony Callini (Age 52)
Chief Financial Officer
Mr. Kenneth Markus (Age 49)
Chief Operating Officer
Mr. Yuval Pemper (Age 53)
Chief Technology Officer
John T. Williams
Head of Investor Relations
Mr. Stephen Cook
General Counsel
Ms. Dani Cushion (Age 46)
Chief Marketing Officer
Ms. Liel Golan
Senior Vice President of Human Resources
Ms. Michal Livny
Senior Vice President of People Operations

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CTV Stock Analysis - Frequently Asked Questions

Should I buy or sell Innovid stock right now?: 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Innovid in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CTV shares.
View CTV analyst ratings or view top-rated stocks.
What is Innovid's stock price target for 2024?: 3 Wall Street analysts have issued 12-month target prices for Innovid's shares. Their CTV share price targets range from $2.10 to $3.00. On average, they predict the company's stock price to reach $2.45 in the next year. This suggests a possible upside of 10.9% from the stock's current price.
View analysts price targets for CTV or view top-rated stocks among Wall Street analysts.
How have CTV shares performed in 2024?: Innovid's stock was trading at $1.50 at the start of the year. Since then, CTV stock has increased by 47.3% and is now trading at $2.21.
View the best growth stocks for 2024 here.
Are investors shorting Innovid?: Innovid saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 338,800 shares, an increase of 14.1% from the March 15th total of 296,900 shares. Based on an average daily volume of 291,700 shares, the short-interest ratio is currently 1.2 days. Currently, 0.4% of the company's shares are sold short.
View Innovid's Short Interest.
When is Innovid's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our CTV earnings forecast.

How can I listen to Innovid's earnings call?: Innovid will be holding an earnings conference call on Tuesday, May 7th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.
How were Innovid's earnings last quarter?: Innovid Corp. (NYSE:CTV) announced its quarterly earnings results on Tuesday, February, 27th. The company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). The firm earned $38.62 million during the quarter, compared to analysts' expectations of $36.90 million. Innovid had a negative net margin of 22.81% and a negative trailing twelve-month return on equity of 8.92%. During the same quarter in the prior year, the business posted ($0.03) EPS.
What guidance has Innovid issued on next quarter's earnings?: Innovid updated its first quarter 2024 earnings guidance on Tuesday, February, 27th. The company provided EPS guidance of for the period. The company issued revenue guidance of $34.0 million-$36.0 million, compared to the consensus revenue estimate of $33.1 million.
How do I buy shares of Innovid?: Shares of CTV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:CTV) was last updated on 4/19/2024 by MarketBeat.com Staff

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