Roth Mkm Increases LeddarTech (NASDAQ:LDTC) Price Target to $3.00

LeddarTech (NASDAQ:LDTC) had its price objective upped by equities researchers at Roth Mkm from $1.00 to $3.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Roth Mkm’s target price indicates a potential upside of 150.00% from the stock’s current price.

Separately, Westpark Capital reiterated a “hold” rating on shares of LeddarTech in a research note on Monday, August 19th.

LeddarTech Trading Down 19.5 %

LDTC stock traded down $0.29 during midday trading on Tuesday, reaching $1.20. 16,393,736 shares of the stock were exchanged, compared to its average volume of 1,419,605. LeddarTech has a 52 week low of $0.22 and a 52 week high of $10.29. The company has a fifty day moving average price of $0.30 and a 200 day moving average price of $0.64.

Institutional Trading of LeddarTech

A hedge fund recently bought a new stake in LeddarTech stock. Walleye Trading LLC bought a new position in shares of LeddarTech Holdings Inc. (NASDAQ:LDTC) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 98,692 shares of the company’s stock, valued at approximately $29,000. Walleye Trading LLC owned approximately 0.34% of LeddarTech at the end of the most recent reporting period. Institutional investors own 9.62% of the company’s stock.

LeddarTech Company Profile

LeddarTech Holdings Inc provides AI-based fusion and perception software solutions for advanced driver assistance solutions and autonomous driving applications in Canada. It offers LeddarVision, a raw sensor fusion and perception platform for automotive and off-road industrial vehicles. The company was founded in 2007 and is based in Quebec City, Canada.