Bank Hapoalim BM Invests $26,000 in Innoviz Technologies Ltd. $INVZ

Bank Hapoalim BM bought a new stake in Innoviz Technologies Ltd. (NASDAQ:INVZ) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 15,700 shares of the company’s stock, valued at approximately $26,000.

Other hedge funds have also added to or reduced their stakes in the company. O ROURKE & COMPANY Inc bought a new position in shares of Innoviz Technologies in the 2nd quarter valued at about $33,000. Goldman Sachs Group Inc. grew its position in shares of Innoviz Technologies by 38.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 523,945 shares of the company’s stock valued at $342,000 after acquiring an additional 144,822 shares during the period. Polar Asset Management Partners Inc. grew its position in shares of Innoviz Technologies by 10.6% in the 1st quarter. Polar Asset Management Partners Inc. now owns 2,936,369 shares of the company’s stock valued at $1,914,000 after acquiring an additional 280,769 shares during the period. NewEdge Advisors LLC grew its position 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 acquiring an additional 58,343 shares during the period. Finally, Cresset Asset Management LLC grew its position in shares of Innoviz Technologies by 10.1% in the 1st quarter. Cresset Asset Management LLC now owns 218,007 shares of the company’s stock valued at $142,000 after acquiring an additional 20,000 shares during the period. Institutional investors own 63.26% of the company’s stock.

Innoviz Technologies Stock Up 9.0%

Shares of Innoviz Technologies stock opened at $2.31 on Friday. Innoviz Technologies Ltd. has a twelve month low of $0.45 and a twelve month high of $3.14. The company has a 50-day simple moving average of $1.74 and a two-hundred day simple moving average of $1.26. The stock has a market capitalization of $465.05 million, a price-to-earnings ratio of -5.50 and a beta of 1.30.

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

Wall Street Analyst Weigh In

INVZ has been the subject of a number of analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Innoviz Technologies in a research report on Saturday, September 27th. Westpark Capital lifted their price objective on shares of Innoviz Technologies from $2.53 to $3.30 and gave the company a “buy” rating in a research report on Thursday, August 14th. Finally, The Goldman Sachs Group set a $2.50 price objective on shares of Innoviz Technologies and gave the company 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price 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.