MicroVision (NASDAQ:MVIS) Receives “Buy” Rating from Westpark Capital

Westpark Capital reaffirmed their buy rating on shares of MicroVision (NASDAQ:MVIS) in a research note released on Tuesday,Benzinga reports. The firm currently has a $2.00 price objective on the electronics maker’s stock.

Other research analysts have also recently issued research reports about the stock. D. Boral Capital assumed coverage on shares of MicroVision in a research report on Monday, February 10th. They issued a “buy” rating and a $3.00 price objective for the company. StockNews.com upgraded MicroVision to a “sell” rating in a research report on Monday, March 10th.

MicroVision Trading Down 6.2 %

MVIS opened at $1.52 on Tuesday. MicroVision has a 1-year low of $0.80 and a 1-year high of $1.95. The stock has a market capitalization of $332.91 million, a PE ratio of -3.71 and a beta of 2.63. The firm has a 50-day moving average price of $1.41 and a two-hundred day moving average price of $1.20.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in MVIS. Intech Investment Management LLC bought a new stake in MicroVision in the third quarter valued at about $56,000. Charles Schwab Investment Management Inc. grew its position in shares of MicroVision by 4.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,697,587 shares of the electronics maker’s stock worth $1,935,000 after buying an additional 65,712 shares during the period. State Street Corp increased its stake in shares of MicroVision by 0.7% in the 3rd quarter. State Street Corp now owns 5,095,629 shares of the electronics maker’s stock valued at $5,809,000 after acquiring an additional 37,126 shares during the last quarter. XTX Topco Ltd increased its stake in shares of 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. Finally, Barclays PLC raised its position in shares of MicroVision by 302.0% in the 3rd quarter. Barclays PLC now owns 282,690 shares of the electronics maker’s stock valued at $322,000 after acquiring an additional 212,365 shares during the period. 30.90% of the stock is currently owned by institutional investors.

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.