MicroVision (NASDAQ:MVIS) Price Target Lowered to $2.50 at D. Boral Capital

MicroVision (NASDAQ:MVIS) had its price target decreased by D. Boral Capital from $3.00 to $2.50 in a report released on Tuesday morning,Benzinga reports. D. Boral Capital currently has a buy rating on the electronics maker’s stock.

Other equities analysts also recently issued reports about the company. StockNews.com upgraded MicroVision to a “sell” rating in a report on Thursday, April 24th. Westpark Capital restated a “buy” rating and issued a $2.00 price objective on shares of MicroVision in a report on Tuesday, March 25th.

MicroVision Price Performance

MicroVision stock opened at $1.07 on Tuesday. The stock’s 50-day moving average is $1.21 and its 200-day moving average is $1.21. The company has a market cap of $263.00 million, a price-to-earnings ratio of -2.61 and a beta of 2.04. MicroVision has a 12 month low of $0.80 and a 12 month high of $1.95.

MicroVision (NASDAQ:MVIS) last released its quarterly earnings data on Monday, May 12th. The electronics maker reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.06). The firm had revenue of $0.59 million during the quarter, compared to analysts’ expectations of $2.25 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

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of MicroVision by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 16,743,519 shares of the electronics maker’s stock valued at $20,762,000 after buying an additional 842,858 shares during the period. Geode Capital Management LLC grew its stake in MicroVision by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 5,106,576 shares of the electronics maker’s stock valued at $6,691,000 after purchasing an additional 106,984 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in MicroVision by 1.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,854,528 shares of the electronics maker’s stock valued at $2,300,000 after purchasing an additional 22,462 shares in the last quarter. MCF Advisors LLC grew its stake in MicroVision by 88.2% during the 1st quarter. MCF Advisors LLC now owns 1,851,660 shares of the electronics maker’s stock valued at $2,296,000 after purchasing an additional 868,000 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of MicroVision by 5.3% in the 4th quarter. Northern Trust Corp now owns 1,829,877 shares of the electronics maker’s stock worth $2,397,000 after acquiring an additional 91,930 shares in the last quarter. 30.90% of the stock is currently owned by hedge funds and other institutional investors.

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.