MicroVision’s (MVIS) “Buy” Rating Reiterated at Westpark Capital

Westpark Capital reissued their buy rating on shares of MicroVision (NASDAQ:MVIS) in a research report report published on Tuesday,Benzinga reports. Westpark Capital currently has a $2.00 price objective on the electronics maker’s stock.

MVIS has been the topic of a number of other research reports. StockNews.com upgraded MicroVision to a “sell” rating in a research note on Monday, March 10th. D. Boral Capital started coverage on shares of MicroVision in a report on Monday, February 10th. They set a “buy” rating and a $3.00 target price on the stock.

MicroVision Stock Down 6.5 %

Shares of NASDAQ MVIS opened at $1.30 on Tuesday. MicroVision has a twelve month low of $0.80 and a twelve month high of $1.95. The business’s 50 day moving average price is $1.42 and its two-hundred day moving average price is $1.20. The company has a market cap of $284.72 million, a PE ratio of -3.17 and a beta of 2.63.

MicroVision (NASDAQ:MVIS) last released its quarterly earnings data on Wednesday, March 26th. The electronics maker reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.04). The company had revenue of $1.65 million for the quarter, compared to the consensus estimate of $3.25 million. MicroVision had a negative return on equity of 102.34% and a negative net margin of 1,049.43%.

Hedge Funds Weigh In On MicroVision

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Intech Investment Management LLC bought a new stake in MicroVision during the 3rd quarter worth $56,000. Charles Schwab Investment Management Inc. grew its position in shares of MicroVision by 4.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,697,587 shares of the electronics maker’s stock valued at $1,935,000 after buying an additional 65,712 shares during the last quarter. State Street Corp raised its position in shares of MicroVision by 0.7% during the third quarter. State Street Corp now owns 5,095,629 shares of the electronics maker’s stock worth $5,809,000 after acquiring an additional 37,126 shares during the last quarter. XTX Topco Ltd lifted its stake in shares of MicroVision by 319.0% in the third quarter. XTX Topco Ltd now owns 125,579 shares of the electronics maker’s stock worth $143,000 after acquiring an additional 95,605 shares during the period. Finally, Barclays PLC increased its position in MicroVision by 302.0% during the 3rd quarter. Barclays PLC now owns 282,690 shares of the electronics maker’s stock valued at $322,000 after purchasing an additional 212,365 shares during the period. Institutional investors own 30.90% of the company’s stock.

About MicroVision

MicroVision, Inc develops and sells lidar sensors and software used in automotive safety and autonomous driving applications. It offers a suite of light detection and ranging (lidar) sensors and perception; and validation software for automotive OEMs, advanced driver-assistance systems, and autonomous vehicle applications, as well as non-automotive applications including industrial, robotics, and smart infrastructure.