Innovid Corp. (NYSE:CTV) Shares Acquired by Whetstone Capital Advisors LLC

Whetstone Capital Advisors LLC boosted its stake in Innovid Corp. (NYSE:CTV) by 0.7% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 3,268,879 shares of the company’s stock after acquiring an additional 23,642 shares during the quarter. Innovid accounts for about 2.8% of Whetstone Capital Advisors LLC’s portfolio, making the stock its 12th biggest holding. Whetstone Capital Advisors LLC owned 2.23% of Innovid worth $5,884,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in Innovid during the 1st quarter worth approximately $56,000. Vanguard Group Inc. increased its position in shares of Innovid by 6.5% during the first quarter. Vanguard Group Inc. now owns 4,555,974 shares of the company’s stock worth $11,344,000 after purchasing an additional 279,830 shares in the last quarter. Lazard Asset Management LLC acquired a new position in Innovid in the 1st quarter valued at $58,000. Bank of New York Mellon Corp lifted its holdings in Innovid by 2,993.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 314,599 shares of the company’s stock valued at $582,000 after purchasing an additional 304,428 shares in the last quarter. Finally, Legato Capital Management LLC acquired a new stake in Innovid during the 2nd quarter worth $438,000. Hedge funds and other institutional investors own 25.46% of the company’s stock.

Wall Street Analyst Weigh In

CTV has been the topic of several research reports. Citizens Jmp downgraded shares of Innovid from a “strong-buy” rating to a “hold” rating in a research note on Thursday. JMP Securities lowered Innovid from an “outperform” rating to a “market perform” rating in a report on Thursday. Finally, Needham & Company LLC reissued a “hold” rating and issued a $3.00 price objective on shares of Innovid in a report on Friday. Four research analysts have rated the stock with a hold rating, According to MarketBeat.com, Innovid currently has an average rating of “Hold” and a consensus target price of $2.83.

Innovid Price Performance

CTV opened at $3.05 on Monday. The stock’s 50-day moving average price is $1.89 and its 200 day moving average price is $1.89. Innovid Corp. has a 12-month low of $1.25 and a 12-month high of $3.05.

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.