MicroVision’s (MVIS) Buy Rating Reaffirmed at D. Boral Capital

D. Boral Capital restated their buy rating on shares of MicroVision (NASDAQ:MVIS) in a research report sent to investors on Tuesday,Benzinga reports. D. Boral Capital currently has a $3.00 price objective on the electronics maker’s stock.

Several other analysts have also recently issued reports on the stock. StockNews.com upgraded shares of MicroVision to a “sell” rating in a research note on Monday, March 10th. Westpark Capital reaffirmed a “buy” rating and issued a $2.00 price target on shares of MicroVision in a report on Tuesday.

MicroVision Stock Down 6.2 %

Shares of MVIS opened at $1.52 on Tuesday. MicroVision has a twelve month low of $0.80 and a twelve month high of $1.95. The stock has a market cap of $332.91 million, a PE ratio of -3.71 and a beta of 2.63. The business’s 50-day moving average price is $1.41 and its 200-day moving average price is $1.20.

Institutional Investors Weigh In On MicroVision

Several hedge funds have recently bought and sold shares of the stock. Parr Mcknight Wealth Management Group LLC purchased a new stake in shares of MicroVision during the 4th quarter valued at $44,000. Two Sigma Advisers LP purchased a new stake in MicroVision during the fourth quarter valued at about $65,000. Two Sigma Investments LP bought a new stake in MicroVision during the fourth quarter worth about $267,000. ProShare Advisors LLC lifted its stake in MicroVision by 23.0% during the fourth quarter. ProShare Advisors LLC now owns 216,160 shares of the electronics maker’s stock worth $283,000 after purchasing an additional 40,422 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of MicroVision by 10,387.0% in the 4th quarter. Millennium Management LLC now owns 1,125,670 shares of the electronics maker’s stock worth $1,475,000 after purchasing an additional 1,114,936 shares in the last quarter. 30.90% of the stock is currently owned by institutional investors.

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.