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

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

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

MicroVision Stock Down 1.2 %

MVIS stock opened at $1.59 on Wednesday. MicroVision has a twelve month low of $0.80 and a twelve month high of $2.70. The company has a market cap of $348.24 million, a P/E ratio of -3.88 and a beta of 2.87. The business has a fifty day moving average of $1.09 and a 200-day moving average of $1.07.

MicroVision (NASDAQ:MVIS) last announced its quarterly earnings data on Thursday, November 7th. The electronics maker reported ($0.07) earnings per share 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 prior year, the company earned ($0.12) earnings per share. As a group, equities research analysts anticipate that MicroVision will post -0.49 earnings per share for the current fiscal year.

Institutional Trading of MicroVision

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Rhumbline Advisers grew its holdings in MicroVision by 16.8% during the second quarter. Rhumbline Advisers now owns 296,302 shares of the electronics maker’s stock valued at $314,000 after purchasing an additional 42,704 shares during the period. Hsbc Holdings PLC boosted its position in shares of 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 purchasing an additional 24,006 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of MicroVision in the 2nd quarter valued at $32,000. Sei Investments Co. bought a new stake in shares of MicroVision in the 2nd quarter valued at $27,000. Finally, ProShare Advisors LLC increased its position in shares of MicroVision by 62.9% in the 2nd quarter. ProShare Advisors LLC now owns 155,267 shares of the electronics maker’s stock valued at $165,000 after buying an additional 59,977 shares in the last quarter. 30.90% of the stock is 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.