Innoviz Technologies (NASDAQ:INVZ) Announces Quarterly Earnings Results, Hits Expectations

Innoviz Technologies (NASDAQ:INVZ) announced its quarterly earnings data on Wednesday. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.11), Zacks reports. Innoviz Technologies had a negative return on equity of 87.40% and a negative net margin of 321.53%. The company had revenue of $6.03 million for the quarter, compared to analysts’ expectations of $5.86 million. Innoviz Technologies updated its FY 2025 guidance to EPS.

Innoviz Technologies Stock Up 2.3 %

Shares of INVZ traded up $0.02 during trading hours on Friday, hitting $0.75. The company had a trading volume of 3,361,840 shares, compared to its average volume of 14,454,353. The firm has a market cap of $102.27 million, a price-to-earnings ratio of -1.16 and a beta of 0.72. Innoviz Technologies has a 12 month low of $0.45 and a 12 month high of $3.14. The business has a fifty day moving average of $1.47 and a 200-day moving average of $0.98.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on INVZ shares. Cantor Fitzgerald cut Innoviz Technologies from an “overweight” rating to a “neutral” rating in a research note on Thursday, November 14th. The Goldman Sachs Group dropped 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. Rosenblatt Securities reaffirmed a “buy” rating and issued a $4.00 target price on shares of Innoviz Technologies in a report on Thursday. Finally, Westpark Capital reaffirmed a “buy” rating and issued a $2.22 target price on shares of Innoviz Technologies in a report on Tuesday. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Innoviz Technologies presently has an average rating of “Moderate Buy” and an average target price of $3.19.

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.