Innovid (CTV) Scheduled to Post Quarterly Earnings on Tuesday

Innovid (NYSE:CTV) is scheduled to announce its earnings results before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.02) per share for the quarter. Innovid has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Innovid (NYSE:CTV) last issued its earnings results on Tuesday, February 27th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). Innovid had a negative net margin of 22.81% and a negative return on equity of 8.92%. The company had revenue of $38.62 million for the quarter, compared to analysts’ expectations of $36.90 million. During the same period in the prior year, the firm earned ($0.03) EPS.

Innovid Trading Up 2.7 %

Innovid stock opened at $2.32 on Friday. The stock has a 50-day simple moving average of $2.21 and a 200 day simple moving average of $1.68. The stock has a market capitalization of $329.02 million, a P/E ratio of -10.09 and a beta of 3.28. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.99 and a current ratio of 3.99. Innovid has a 52 week low of $0.85 and a 52 week high of $2.58.

Insider Buying and Selling

In other news, CEO Zvika Netter bought 25,000 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was bought at an average price of $1.84 per share, with a total value of $46,000.00. Following the completion of the acquisition, the chief executive officer now owns 4,085,733 shares of the company’s stock, valued at $7,517,748.72. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 9.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CTV shares. Morgan Stanley lifted their target price on Innovid from $1.60 to $2.10 and gave the stock an “equal weight” rating in a research note on Tuesday, April 16th. Needham & Company LLC reiterated a “buy” rating and issued a $2.25 price objective on shares of Innovid in a report on Tuesday, February 27th. JMP Securities reissued a “market outperform” rating and issued a $3.00 price objective on shares of Innovid in a research report on Wednesday, April 10th. Finally, TheStreet raised shares of Innovid from a “d” rating to a “c-” rating in a report on Friday, March 15th.

About Innovid

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.