Innovid: A Compelling CTV Stock

Jun. 10, 2022 10:56 AM ETInnovid Corp. (CTV)2 Comments
Felix Fung profile picture
Felix Fung
495 Followers

Summary

  • Innovid is the latest company that got caught in the SPAC sell off with share price down almost 80% from its SPAC price.
  • The ad tech company is showing strong growth as advertisers are now shifting their ad spend from cable to connected tv.
  • CTV is currently one of the fastest-growing industries which provides a huge opportunity for Innovid.
  • Current valuation is compelling when factoring in its growth rate and margins.
  • I believe the company is a buy.

Man watching TV

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Introduction

Innovid (NYSE:CTV), an ad-tech company, which went public late last year through a SPAC merger with blank check company ION Acquisition Corp. Like a lot of other SPAC companies, Innovid's stock has been plummeting since its de-SPAC. Its

Innovid price chart
Data by YCharts

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Innovid vs peers in PS ratio
Data by YCharts
Innovid vs peers in revenue growth estimate for current fiscal year
Data by YCharts

This article was written by

Felix Fung profile picture
495 Followers
I am a student studying sociology and economics at the University of New South Wales. I just started writing and I appreciate any type of feedbacks and comments.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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