Capital Advisors Inc. OK Purchases New Position in Innoviz Technologies Ltd. $INVZ

Capital Advisors Inc. OK acquired a new position in shares of Innoviz Technologies Ltd. (NASDAQ:INVZ) during the second quarter, HoldingsChannel reports. The institutional investor acquired 125,000 shares of the company’s stock, valued at approximately $205,000.

Several other institutional investors have also modified their holdings of INVZ. Bank Hapoalim BM purchased a new position in shares of Innoviz Technologies in the 2nd quarter valued at $26,000. O ROURKE & COMPANY Inc acquired a new position in Innoviz Technologies in the second quarter valued at $33,000. Goldman Sachs Group Inc. grew its holdings in shares of Innoviz Technologies by 38.2% during the first quarter. Goldman Sachs Group Inc. now owns 523,945 shares of the company’s stock worth $342,000 after purchasing an additional 144,822 shares during the last quarter. Polar Asset Management Partners Inc. increased its position in shares of Innoviz Technologies by 10.6% during the first quarter. Polar Asset Management Partners Inc. now owns 2,936,369 shares of the company’s stock worth $1,914,000 after purchasing an additional 280,769 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in shares of Innoviz Technologies by 499.6% in the 1st quarter. NewEdge Advisors LLC now owns 70,021 shares of the company’s stock valued at $46,000 after purchasing an additional 58,343 shares during the last quarter. Hedge funds and other institutional investors own 63.26% of the company’s stock.

Innoviz Technologies Stock Performance

Shares of INVZ opened at $2.36 on Tuesday. The stock has a market capitalization of $475.12 million, a P/E ratio of -5.62 and a beta of 1.30. Innoviz Technologies Ltd. has a 1 year low of $0.45 and a 1 year high of $3.14. The company’s fifty day moving average is $1.75 and its two-hundred day moving average is $1.28.

Innoviz Technologies (NASDAQ:INVZ) last released its earnings results on Wednesday, August 13th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.01). The firm had revenue of $9.75 million during the quarter, compared to analyst estimates of $9.00 million. Innoviz Technologies had a negative return on equity of 80.09% and a negative net margin of 197.89%. Innoviz Technologies has set its FY 2025 guidance at EPS. Sell-side analysts predict that Innoviz Technologies Ltd. will post -0.6 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Innoviz Technologies in a research note on Saturday, September 27th. Westpark Capital increased their price target on shares of Innoviz Technologies from $2.53 to $3.30 and gave the stock a “buy” rating in a research note on Thursday, August 14th. Finally, The Goldman Sachs Group set a $2.50 price objective on shares of Innoviz Technologies and gave the stock a “buy” rating in a research report on Monday, September 29th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $3.27.

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.