MicroVision (NASDAQ:MVIS) Research Coverage Started at Westpark Capital

Westpark Capital initiated coverage on shares of MicroVision (NASDAQ:MVIS) in a research report released on Thursday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $1.30 target price on the electronics maker’s stock.

MicroVision Stock Performance

MVIS opened at $0.99 on Thursday. MicroVision has a fifty-two week low of $0.80 and a fifty-two week high of $2.98. The stock has a market cap of $215.80 million, a price-to-earnings ratio of -2.40 and a beta of 2.96. The firm’s fifty day moving average is $0.98 and its 200 day moving average is $1.03.

Institutional Trading of MicroVision

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC bought a new position in MicroVision in the 3rd quarter worth approximately $72,000. Barclays PLC lifted its holdings in shares of MicroVision by 302.0% in the third quarter. Barclays PLC now owns 282,690 shares of the electronics maker’s stock worth $322,000 after buying an additional 212,365 shares in the last quarter. Coldstream Capital Management Inc. boosted its position in shares of MicroVision by 7.1% during the third quarter. Coldstream Capital Management Inc. now owns 304,964 shares of the electronics maker’s stock worth $348,000 after acquiring an additional 20,113 shares during the last quarter. Geode Capital Management LLC grew its stake in MicroVision by 7.8% during the third quarter. Geode Capital Management LLC now owns 4,999,592 shares of the electronics maker’s stock valued at $5,700,000 after acquiring an additional 363,292 shares in the last quarter. Finally, XTX Topco Ltd increased its holdings in MicroVision by 319.0% in the 3rd quarter. XTX Topco Ltd now owns 125,579 shares of the electronics maker’s stock valued at $143,000 after acquiring an additional 95,605 shares during the last quarter. 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.