Innoviz Technologies (NASDAQ:INVZ) Earns Buy Rating from Westpark Capital

Innoviz Technologies (NASDAQ:INVZ)‘s stock had its “buy” rating reissued by analysts at Westpark Capital in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $2.22 price target on the stock. Westpark Capital’s price target would suggest a potential upside of 181.05% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. Cantor Fitzgerald downgraded shares of Innoviz Technologies from an “overweight” rating to a “neutral” rating in a research note on Thursday, November 14th. The Goldman Sachs Group cut their target price on Innoviz Technologies from $1.00 to $0.75 and set a “neutral” rating on the stock in a research note on Thursday, November 14th. Finally, Rosenblatt Securities raised Innoviz Technologies from a “neutral” rating to a “buy” rating and raised their price target for the stock from $3.25 to $4.00 in a research note on Friday, December 20th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $3.19.

Innoviz Technologies Trading Down 7.6 %

INVZ opened at $0.79 on Tuesday. Innoviz Technologies has a 12 month low of $0.45 and a 12 month high of $3.14. The stock has a 50-day moving average of $1.49 and a 200 day moving average of $0.98. The firm has a market cap of $107.57 million, a P/E ratio of -1.23 and a beta of 0.72.

Institutional Trading of Innoviz Technologies

Several institutional investors and hedge funds have recently modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Innoviz Technologies by 13.5% during the fourth 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. lifted its holdings in Innoviz Technologies by 29.6% during the third quarter. Polar Asset Management Partners Inc. now owns 3,219,400 shares of the company’s stock worth $2,665,000 after buying an additional 735,300 shares during the period. Koshinski Asset Management Inc. bought a new stake in Innoviz Technologies during the 4th quarter valued at $169,000. Traynor Capital Management Inc. purchased a new position in shares of Innoviz Technologies in the 4th quarter valued at $25,000. Finally, FNY Investment Advisers LLC bought a new stake in Innoviz Technologies during the fourth quarter valued at about $25,000. Institutional investors own 63.26% of the company’s stock.

Innoviz Technologies Company Profile

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.