MicroVision (NASDAQ:MVIS) Receives “Buy” Rating from Westpark Capital

Westpark Capital reaffirmed their buy rating on shares of MicroVision (NASDAQ:MVIS) in a report published on Tuesday morning,Benzinga reports. They currently have a $2.00 price target on the electronics maker’s stock.

Several other research analysts have also recently commented on MVIS. D. Boral Capital began coverage on MicroVision in a research report on Monday, February 10th. They issued a “buy” rating and a $3.00 target price for the company. StockNews.com raised shares of MicroVision to a “sell” rating in a report on Monday, March 10th.

MicroVision Price Performance

NASDAQ MVIS opened at $1.52 on Tuesday. The company’s fifty day moving average is $1.41 and its two-hundred day moving average is $1.20. MicroVision has a 52-week low of $0.80 and a 52-week high of $1.95. The firm has a market capitalization of $332.91 million, a price-to-earnings ratio of -3.71 and a beta of 2.63.

Institutional Investors Weigh In On MicroVision

Several institutional investors and hedge funds have recently made changes to their positions in MVIS. Intech Investment Management LLC acquired a new stake in shares of MicroVision during the 3rd quarter worth about $56,000. Charles Schwab Investment Management Inc. grew its stake in MicroVision by 4.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,697,587 shares of the electronics maker’s stock worth $1,935,000 after buying an additional 65,712 shares during the last quarter. State Street Corp raised its stake in shares of MicroVision by 0.7% in the third quarter. State Street Corp now owns 5,095,629 shares of the electronics maker’s stock valued at $5,809,000 after acquiring an additional 37,126 shares during the last quarter. XTX Topco Ltd boosted its holdings in shares of MicroVision by 319.0% in the 3rd 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 in the last quarter. Finally, Barclays PLC boosted its holdings in shares of MicroVision by 302.0% in the 3rd quarter. Barclays PLC now owns 282,690 shares of the electronics maker’s stock worth $322,000 after acquiring an additional 212,365 shares in the last quarter. Institutional investors and hedge funds 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.