Westpark Capital Reaffirms “Buy” Rating for MicroVision (NASDAQ:MVIS)

MicroVision (NASDAQ:MVIS)‘s stock had its “buy” rating reaffirmed by stock analysts at Westpark Capital in a report released on Tuesday,Benzinga reports. They currently have a $2.00 price target on the electronics maker’s stock. Westpark Capital’s price objective indicates a potential upside of 43.88% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the company. StockNews.com raised MicroVision to a “sell” rating in a research note on Monday, March 10th. D. Boral Capital initiated coverage on shares of MicroVision in a report on Monday, February 10th. They set a “buy” rating and a $3.00 price target on the stock.

MicroVision Stock Down 8.6 %

Shares of NASDAQ:MVIS opened at $1.39 on Tuesday. MicroVision has a 12-month low of $0.80 and a 12-month high of $1.95. The firm has a market capitalization of $304.44 million, a P/E ratio of -3.39 and a beta of 2.63. The firm has a fifty day moving average of $1.42 and a two-hundred day moving average of $1.20.

Hedge Funds Weigh In On MicroVision

A number of institutional investors have recently modified their holdings of MVIS. Hudson Bay Capital Management LP bought a new stake in MicroVision during the fourth quarter valued at about $2,116,000. Renaissance Technologies LLC acquired a new stake in shares of MicroVision in the fourth quarter worth $1,769,000. Millennium Management LLC increased its position in MicroVision by 10,387.0% during the fourth quarter. Millennium Management LLC now owns 1,125,670 shares of the electronics maker’s stock worth $1,475,000 after acquiring an additional 1,114,936 shares during the period. JPMorgan Chase & Co. boosted its holdings in MicroVision by 686.5% in the 4th quarter. JPMorgan Chase & Co. now owns 708,518 shares of the electronics maker’s stock valued at $928,000 after purchasing an additional 618,429 shares during the period. Finally, Geode Capital Management LLC grew its position in MicroVision by 7.8% in the 3rd quarter. Geode Capital Management LLC now owns 4,999,592 shares of the electronics maker’s stock worth $5,700,000 after purchasing an additional 363,292 shares during the last quarter. Institutional investors own 30.90% of the company’s stock.

MicroVision Company Profile

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.