MicroVision (NASDAQ:MVIS) Given New $2.00 Price Target at Westpark Capital

MicroVision (NASDAQ:MVIS) had its target price raised by Westpark Capital from $1.30 to $2.00 in a research report report published on Wednesday morning,Benzinga reports. Westpark Capital currently has a buy rating on the electronics maker’s stock.

Separately, StockNews.com upgraded MicroVision to a “sell” rating in a research note on Friday, December 20th.

MicroVision Stock Down 1.2 %

Shares of MVIS stock opened at $1.59 on Wednesday. MicroVision has a 12-month low of $0.80 and a 12-month high of $2.70. The firm has a fifty day moving average of $1.09 and a 200-day moving average of $1.07. The company has a market capitalization of $348.24 million, a price-to-earnings ratio of -3.88 and a beta of 2.87.

MicroVision (NASDAQ:MVIS) last released its earnings results on Thursday, November 7th. The electronics maker reported ($0.07) earnings per share (EPS) for the quarter. The firm had revenue of $0.19 million for the quarter. MicroVision had a negative return on equity of 102.34% and a negative net margin of 1,049.43%. During the same period in the previous year, the business posted ($0.12) EPS. On average, equities analysts expect that MicroVision will post -0.49 EPS for the current year.

Institutional Investors Weigh In On MicroVision

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rhumbline Advisers grew its holdings in shares of MicroVision by 16.8% in the 2nd quarter. Rhumbline Advisers now owns 296,302 shares of the electronics maker’s stock valued at $314,000 after acquiring an additional 42,704 shares in the last quarter. Hsbc Holdings PLC raised its holdings in MicroVision by 158.3% during the second quarter. Hsbc Holdings PLC now owns 39,168 shares of the electronics maker’s stock worth $41,000 after acquiring an additional 24,006 shares in the last quarter. XTX Topco Ltd acquired a new position in MicroVision during the second quarter valued at approximately $32,000. Sei Investments Co. bought a new position in MicroVision in the second quarter valued at approximately $27,000. Finally, ProShare Advisors LLC increased its position in shares of MicroVision by 62.9% during the 2nd quarter. ProShare Advisors LLC now owns 155,267 shares of the electronics maker’s stock worth $165,000 after purchasing an additional 59,977 shares during the last quarter. 30.90% of the stock is owned by institutional investors.

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.