92,748 Shares in Innoviz Technologies Ltd. (NASDAQ:INVZ) Acquired by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. bought a new stake in shares of Innoviz Technologies Ltd. (NASDAQ:INVZ) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 92,748 shares of the company’s stock, valued at approximately $156,000.

A number of other institutional investors also recently modified their holdings of INVZ. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Innoviz Technologies by 13.5% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 6,805,731 shares of the company’s stock valued at $11,434,000 after buying an additional 810,731 shares during the period. Polar Asset Management Partners Inc. boosted its stake in shares of Innoviz Technologies by 29.6% during the 3rd quarter. Polar Asset Management Partners Inc. now owns 3,219,400 shares of the company’s stock valued at $2,665,000 after buying an additional 735,300 shares during the period. Koshinski Asset Management Inc. bought a new position in shares of Innoviz Technologies during the 4th quarter valued at $169,000. Sprott Inc. bought a new position in shares of Innoviz Technologies during the 4th quarter valued at $54,000. Finally, Traynor Capital Management Inc. bought a new position in Innoviz Technologies in the 4th quarter worth $25,000. Institutional investors and hedge funds own 63.26% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on INVZ. Westpark Capital restated a “buy” rating and issued a $2.22 price target on shares of Innoviz Technologies in a research report on Tuesday, February 25th. The Goldman Sachs Group decreased their price target on shares of Innoviz Technologies from $1.00 to $0.75 and set a “neutral” rating on the stock in a research report on Thursday, November 14th. Cantor Fitzgerald lowered shares of Innoviz Technologies from an “overweight” rating to a “neutral” rating in a research report on Thursday, November 14th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $4.00 price target on shares of Innoviz Technologies in a research report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $3.19.

Innoviz Technologies Stock Performance

Shares of Innoviz Technologies stock opened at $0.74 on Friday. The firm’s 50-day simple moving average is $1.38 and its 200-day simple moving average is $0.98. Innoviz Technologies Ltd. has a twelve month low of $0.45 and a twelve month high of $3.14. The firm has a market cap of $100.14 million, a P/E ratio of -1.15 and a beta of 0.84.

Innoviz Technologies (NASDAQ:INVZ) last issued its earnings results on Wednesday, February 26th. The company reported ($0.11) earnings per share for the quarter, meeting the consensus estimate of ($0.11). The business had revenue of $6.03 million for the quarter, compared to analyst estimates of $5.86 million. Innoviz Technologies had a negative net margin of 321.53% and a negative return on equity of 87.40%. On average, equities analysts forecast that Innoviz Technologies Ltd. will post -0.6 earnings per share for the current fiscal year.

About Innoviz Technologies

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.