Innovid Corp. (NYSE:CTV) Shares Purchased by MetLife Investment Management LLC

MetLife Investment Management LLC increased its stake in shares of Innovid Corp. (NYSE:CTV) by 121.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 67,977 shares of the company’s stock after buying an additional 37,307 shares during the quarter. MetLife Investment Management LLC’s holdings in Innovid were worth $210,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CTV. Covestor Ltd lifted its holdings in Innovid by 158,983.3% in the fourth quarter. Covestor Ltd now owns 9,545 shares of the company’s stock valued at $29,000 after acquiring an additional 9,539 shares during the last quarter. Cibc World Markets Corp purchased a new stake in Innovid in the fourth quarter valued at $31,000. Mariner LLC raised its position in Innovid by 41.2% in the fourth quarter. Mariner LLC now owns 15,413 shares of the company’s stock valued at $48,000 after purchasing an additional 4,497 shares during the period. SG Americas Securities LLC grew its holdings in shares of Innovid by 24.2% during the 4th quarter. SG Americas Securities LLC now owns 45,454 shares of the company’s stock worth $140,000 after purchasing an additional 8,849 shares during the period. Finally, Invesco Ltd. increased its position in shares of Innovid by 7.8% during the 4th quarter. Invesco Ltd. now owns 50,491 shares of the company’s stock worth $156,000 after purchasing an additional 3,639 shares during the last quarter. Institutional investors and hedge funds own 25.46% of the company’s stock.

Innovid Stock Performance

Shares of CTV opened at $3.14 on Friday. The company’s 50-day moving average price is $3.14 and its 200 day moving average price is $2.92. Innovid Corp. has a 12-month low of $1.50 and a 12-month high of $3.40. The firm has a market cap of $466.21 million, a P/E ratio of -34.89 and a beta of 3.25.

Innovid Company 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.