Innoviz Technologies Ltd. (NASDAQ:INVZ) Shares Sold by Interval Partners LP

Interval Partners LP lowered its position in shares of Innoviz Technologies Ltd. (NASDAQ:INVZ) by 4.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,606,175 shares of the company’s stock after selling 109,029 shares during the period. Interval Partners LP owned about 1.91% of Innoviz Technologies worth $4,378,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Traynor Capital Management Inc. purchased a new stake in Innoviz Technologies in the 4th quarter valued at approximately $25,000. FNY Investment Advisers LLC purchased a new stake in Innoviz Technologies in the 4th quarter valued at approximately $25,000. Lido Advisors LLC purchased a new stake in Innoviz Technologies in the 4th quarter valued at approximately $29,000. OneDigital Investment Advisors LLC purchased a new stake in Innoviz Technologies in the 4th quarter valued at approximately $37,000. Finally, Sprott Inc. purchased a new stake in Innoviz Technologies in the 4th quarter valued at approximately $54,000. Institutional investors and hedge funds own 63.26% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on INVZ. Westpark Capital reaffirmed a “buy” rating and issued a $2.22 price objective on shares of Innoviz Technologies in a report on Tuesday, February 25th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $4.00 price objective on shares of Innoviz Technologies in a report on Thursday, February 27th.

Innoviz Technologies Stock Performance

Shares of INVZ opened at $0.78 on Monday. The stock has a fifty day moving average of $0.67 and a two-hundred day moving average of $0.96. The company has a market capitalization of $155.89 million, a PE ratio of -1.22 and a beta of 0.84. Innoviz Technologies Ltd. has a fifty-two week low of $0.45 and a fifty-two week high of $3.14.

Innoviz Technologies (NASDAQ:INVZ) last issued its quarterly 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 company had revenue of $6.03 million during the quarter, compared to the consensus estimate of $5.86 million. Innoviz Technologies had a negative return on equity of 87.40% and a negative net margin of 321.53%. As a group, equities research analysts forecast that Innoviz Technologies Ltd. will post -0.6 earnings per share for the current fiscal year.

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.