Westpark Capital reissued their hold rating on shares of MicroVision (NASDAQ:MVIS – Free Report) in a research note released on Wednesday morning, Marketbeat Ratings reports.
Separately, Cantor Fitzgerald reaffirmed a neutral rating and set a $3.00 price target on shares of MicroVision in a research report on Monday, July 22nd.
Read Our Latest Stock Analysis on MVIS
MicroVision Trading Down 4.9 %
MicroVision (NASDAQ:MVIS – Get Free Report) last issued its quarterly earnings results on Thursday, May 9th. The electronics maker reported ($0.13) earnings per share (EPS) for the quarter. MicroVision had a negative net margin of 1,212.54% and a negative return on equity of 90.04%. The business had revenue of $0.96 million during the quarter. During the same quarter in the prior year, the firm earned ($0.11) EPS. Equities research analysts forecast that MicroVision will post -0.49 EPS for the current year.
Hedge Funds Weigh In On MicroVision
A number of large investors have recently made changes to their positions in MVIS. Alpine Global Management LLC acquired a new position in shares of MicroVision in the first quarter valued at about $39,000. Victory Capital Management Inc. boosted its stake in shares of MicroVision by 24.1% in the fourth quarter. Victory Capital Management Inc. now owns 25,355 shares of the electronics maker’s stock valued at $67,000 after buying an additional 4,926 shares during the period. Daiwa Securities Group Inc. grew its position in MicroVision by 133.4% during the second quarter. Daiwa Securities Group Inc. now owns 64,436 shares of the electronics maker’s stock worth $68,000 after buying an additional 36,834 shares in the last quarter. SG Americas Securities LLC grew its position in MicroVision by 89.2% during the second quarter. SG Americas Securities LLC now owns 75,159 shares of the electronics maker’s stock worth $80,000 after buying an additional 35,442 shares in the last quarter. Finally, Thoroughbred Financial Services LLC increased its stake in MicroVision by 29.1% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 88,670 shares of the electronics maker’s stock worth $93,000 after acquiring an additional 20,000 shares during the period. Institutional investors 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.
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