Arbe Robotics Ltd. (NASDAQ:ARBE) Receives Average Recommendation of “Hold” from Analysts

Arbe Robotics Ltd. (NASDAQ:ARBE) has been given an average recommendation of “Hold” by the five research firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $2.4167.

Several research firms recently commented on ARBE. Canaccord Genuity Group restated a “buy” rating and set a $1.75 target price on shares of Arbe Robotics in a research report on Tuesday, November 18th. Westpark Capital assumed coverage on Arbe Robotics in a research note on Thursday, January 8th. They set a “buy” rating and a $3.50 price objective for the company.

Hedge Funds Weigh In On Arbe Robotics

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ARBE. Ashton Thomas Private Wealth LLC increased its holdings in shares of Arbe Robotics by 200.0% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 30,000 shares of the company’s stock worth $35,000 after buying an additional 20,000 shares in the last quarter. Sender Co & Partners Inc. grew its position in Arbe Robotics by 19.6% during the 3rd quarter. Sender Co & Partners Inc. now owns 103,620 shares of the company’s stock worth $171,000 after acquiring an additional 16,991 shares during the last quarter. Alyeska Investment Group L.P. increased its holdings in Arbe Robotics by 36.9% during the 3rd quarter. Alyeska Investment Group L.P. now owns 4,116,822 shares of the company’s stock valued at $6,793,000 after purchasing an additional 1,109,047 shares in the last quarter. Two Sigma Investments LP raised its position in Arbe Robotics by 25.2% in the 3rd quarter. Two Sigma Investments LP now owns 109,283 shares of the company’s stock valued at $180,000 after purchasing an additional 21,990 shares during the last quarter. Finally, Resurgent Financial Advisors LLC acquired a new position in Arbe Robotics in the third quarter worth $30,000. 33.42% of the stock is currently owned by institutional investors and hedge funds.

Arbe Robotics Stock Up 15.4%

NASDAQ:ARBE opened at $1.20 on Monday. The firm has a market capitalization of $131.03 million, a PE ratio of -2.55 and a beta of 0.53. Arbe Robotics has a 12-month low of $0.85 and a 12-month high of $3.20. The firm has a 50-day moving average price of $1.27 and a 200 day moving average price of $1.49.

Arbe Robotics Company Profile

Arbe Robotics Ltd. is a technology company specializing in high-resolution 4D imaging radar solutions for the automotive industry. The company’s radar platform is designed to enhance advanced driver-assistance systems (ADAS) and support the development of autonomous vehicles by providing detailed object detection, precise range and velocity measurements, and accurate environmental mapping under diverse driving conditions.

Founded in 2015 and headquartered in Tel Aviv, Israel, Arbe Robotics has developed its own semiconductor chipset and accompanying software stack.