MicroVision's (MVIS) "Buy" Rating Reaffirmed at Westpark Capital

MicroVision (NASDAQ:MVIS - Get Free Report)'s stock had its "buy" rating restated by equities research analysts at Westpark Capital in a report issued on Tuesday,Benzinga reports. They currently have a $2.00 price objective on the electronics maker's stock. Westpark Capital's target price indicates a potential upside of 65.29% from the stock's current price.

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

MicroVision Trading Down 6.9 %

NASDAQ:MVIS traded down $0.09 on Tuesday, hitting $1.21. 4,806,560 shares of the company's stock traded hands, compared to its average volume of 3,815,048. The company has a market cap of $265.01 million, a PE ratio of -2.95 and a beta of 2.63. MicroVision has a 1 year low of $0.80 and a 1 year high of $1.95. The firm has a 50-day moving average price of $1.41 and a 200-day moving average price of $1.21.

MicroVision (NASDAQ:MVIS - Get Free Report) last posted its quarterly earnings results on Wednesday, March 26th. The electronics maker reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.04). The company had revenue of $1.65 million for the quarter, compared to analyst estimates of $3.25 million. MicroVision had a negative return on equity of 102.34% and a negative net margin of 1,049.43%.

Institutional Investors Weigh In On MicroVision

Institutional investors and hedge funds have recently modified their holdings of the business. Parr Mcknight Wealth Management Group LLC acquired a new position in MicroVision during the fourth quarter worth $44,000. Two Sigma Advisers LP bought a new stake in shares of MicroVision during the 4th quarter worth about $65,000. Two Sigma Investments LP acquired a new position in shares of MicroVision during the 4th quarter valued at about $267,000. ProShare Advisors LLC raised its stake in shares of MicroVision by 23.0% in the 4th quarter. ProShare Advisors LLC now owns 216,160 shares of the electronics maker's stock valued at $283,000 after acquiring an additional 40,422 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in 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 during the last quarter. Institutional investors and hedge funds own 30.90% of the company's stock.

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.