Equities research analysts at The Goldman Sachs Group initiated coverage on shares of Innoviz Technologies (NASDAQ:INVZ) in a research note issued to investors on Sunday, The Fly reports. The firm set a “neutral” rating on the stock.
Innoviz Technologies stock traded up $0.12 during midday trading on Friday, hitting $10.09. 782,538 shares of the company’s stock were exchanged, compared to its average volume of 838,715. Innoviz Technologies has a 52-week low of $8.76 and a 52-week high of $17.75. The stock’s 50-day moving average price is $10.78.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Phoenix Holdings Ltd. purchased a new position in shares of Innoviz Technologies in the 4th quarter worth about $16,594,000. Ratan Capital Management LP purchased a new position in shares of Innoviz Technologies in the 4th quarter worth about $3,799,000. DeepCurrents Investment Group LLC purchased a new stake in Innoviz Technologies during the 4th quarter valued at about $807,000. ExodusPoint Capital Management LP purchased a new stake in Innoviz Technologies during the 4th quarter valued at about $437,000. Finally, Jane Street Group LLC purchased a new stake in Innoviz Technologies during the 4th quarter valued at about $436,000.
Innoviz Technologies Ltd. designs and manufactures solid state LiDAR sensors and develops perception software that enable the mass-production of autonomous vehicles. The company manufactures InnovizPro, a solid state LiDAR that offers performance and value for automotive and other applications. It also manufactures InnovizOne, an automotive- grade LiDAR sensor that provides 3D sensing for Level 3-Level 5 autonomous driving.
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