Algert Global LLC Has $315,000 Holdings in Innovid Corp. (NYSE:CTV)

Algert Global LLC raised its stake in Innovid Corp. (NYSE:CTV) by 207.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,005 shares of the company’s stock after acquiring an additional 68,880 shares during the quarter. Algert Global LLC’s holdings in Innovid were worth $315,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CTV. Tokio Marine Asset Management Co. Ltd. bought a new stake in shares of Innovid during the 4th quarter valued at $1,615,000. JPMorgan Chase & Co. raised its position in shares of Innovid by 326.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 205,249 shares of the company’s stock valued at $369,000 after acquiring an additional 157,112 shares during the last quarter. ABC Arbitrage SA bought a new stake in shares of Innovid during the 4th quarter valued at $1,876,000. Olympiad Research LP bought a new stake in shares of Innovid during the 4th quarter valued at $915,000. Finally, Barclays PLC raised its position in shares of Innovid by 283.3% during the 3rd quarter. Barclays PLC now owns 142,422 shares of the company’s stock valued at $256,000 after acquiring an additional 105,269 shares during the last quarter. Institutional investors and hedge funds own 25.46% of the company’s stock.

Innovid Stock Performance

Shares of Innovid stock opened at $3.14 on Tuesday. Innovid Corp. has a 52 week low of $1.50 and a 52 week high of $3.40. The firm has a fifty day moving average of $3.14 and a two-hundred day moving average of $2.95. The stock has a market capitalization of $466.21 million, a price-to-earnings ratio of -34.89 and a beta of 3.25.

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.