Innovid (CTV) Expected to Announce Earnings on Tuesday

Innovid (NYSE:CTV) is expected to post its quarterly earnings results before the market opens on Tuesday, February 25th. Analysts expect Innovid to post earnings of $0.01 per share for the quarter.

Innovid Price Performance

Shares of Innovid stock opened at $3.14 on Friday. The firm has a market capitalization of $466.21 million, a P/E ratio of -34.89 and a beta of 3.25. The company has a 50 day moving average price of $3.10 and a 200 day moving average price of $2.40. Innovid has a 52 week low of $1.43 and a 52 week high of $3.40.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CTV shares. Citizens Jmp lowered shares of Innovid from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 21st. Needham & Company LLC reaffirmed a “hold” rating and set a $3.00 target price on shares of Innovid in a report on Friday, November 22nd. Finally, JMP Securities lowered shares of Innovid from an “outperform” rating to a “market perform” rating in a report on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $2.83.

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.