Innoviz Technologies (NASDAQ:INVZ) Stock Price Expected to Rise, Westpark Capital Analyst Says

Innoviz Technologies (NASDAQ:INVZ) had its price target upped by Westpark Capital from $2.22 to $2.53 in a research note released on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities analysts also recently issued reports about the stock. Rosenblatt Securities reissued a “buy” rating and issued a $4.00 price target on shares of Innoviz Technologies in a research note on Thursday, May 15th. Wall Street Zen raised shares of Innoviz Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd. Finally, The Goldman Sachs Group increased their price target on shares of Innoviz Technologies from $0.75 to $1.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $2.38.

Innoviz Technologies Price Performance

INVZ stock opened at $1.32 on Wednesday. Innoviz Technologies has a 1 year low of $0.45 and a 1 year high of $3.14. The company has a market cap of $262.63 million, a P/E ratio of -2.87 and a beta of 0.98. The firm has a 50-day moving average of $0.84 and a 200 day moving average of $1.02.

Hedge Funds Weigh In On Innoviz Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Schonfeld Strategic Advisors LLC increased its stake in shares of Innoviz Technologies by 12.0% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 158,200 shares of the company’s stock valued at $266,000 after purchasing an additional 16,900 shares in the last quarter. Lido Advisors LLC bought a new position in shares of Innoviz Technologies during the fourth quarter valued at approximately $29,000. Cresset Asset Management LLC increased its stake in shares of Innoviz Technologies by 10.1% during the first quarter. Cresset Asset Management LLC now owns 218,007 shares of the company’s stock valued at $142,000 after purchasing an additional 20,000 shares in the last quarter. OneDigital Investment Advisors LLC bought a new position in shares of Innoviz Technologies during the fourth quarter valued at approximately $37,000. Finally, Sprott Inc. bought a new position in shares of Innoviz Technologies during the fourth quarter valued at approximately $54,000. Institutional investors own 63.26% of the company’s stock.

Innoviz Technologies Company Profile

Innoviz Technologies Ltd. manufactures and sells automotive grade LiDAR sensors and perception software to enable safe autonomous driving at a mass scale. The company offers InnovizOne, a solid-state LiDAR sensor designed for automakers and robotaxis, shuttles, trucks, and delivery companies requiring an automotive-grade and mass-producible solution to achieve autonomy.