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

MicroVision (NASDAQ:MVIS)‘s stock had its “buy” rating reaffirmed by equities researchers at Westpark Capital in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $2.00 price objective on the electronics maker’s stock. Westpark Capital’s target price would indicate a potential upside of 23.46% from the company’s previous close.

Several other brokerages also recently commented on MVIS. D. Boral Capital started coverage on shares of MicroVision in a research note on Monday, February 10th. They issued a “buy” rating and a $3.00 target price for the company. StockNews.com upgraded MicroVision to a “sell” rating in a report on Monday, March 10th.

MicroVision Trading Up 9.5 %

MicroVision stock opened at $1.62 on Tuesday. The firm has a market capitalization of $354.81 million, a P/E ratio of -3.95 and a beta of 2.63. The business has a 50-day moving average of $1.41 and a 200-day moving average of $1.20. MicroVision has a 1 year low of $0.80 and a 1 year high of $1.95.

Institutional Investors Weigh In On MicroVision

A number of hedge funds and other institutional investors have recently made changes to their positions in MVIS. Cibc World Markets Corp acquired a new position in MicroVision in the 4th quarter worth $26,000. Caitlin John LLC acquired a new position in shares of MicroVision during the fourth quarter worth about $26,000. Tower Research Capital LLC TRC raised its position in MicroVision by 226.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 22,852 shares of the electronics maker’s stock valued at $30,000 after buying an additional 15,861 shares during the last quarter. Warwick Investment Management Inc. bought a new stake in MicroVision in the 4th quarter valued at approximately $37,000. Finally, Synergy Asset Management LLC lifted its stake in MicroVision by 140.4% in the 4th quarter. Synergy Asset Management LLC now owns 30,252 shares of the electronics maker’s stock valued at $38,000 after acquiring an additional 17,669 shares in the last quarter. 30.90% of the stock is currently owned by institutional investors and hedge funds.

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.