MicroVision (NASDAQ:MVIS) Given New $2.50 Price Target at D. Boral Capital

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

MVIS has been the topic of a number of other research reports. StockNews.com raised shares of MicroVision to a “sell” rating in a research note on Thursday, April 24th. Westpark Capital reaffirmed a “buy” rating and set a $2.00 target price on shares of MicroVision in a research note on Tuesday, March 25th.

MicroVision Stock Down 11.6%

Shares of MicroVision stock opened at $1.07 on Tuesday. The firm has a market cap of $263.00 million, a PE 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. The company’s fifty day simple moving average is $1.21 and its two-hundred day simple moving average is $1.21.

MicroVision (NASDAQ:MVIS) last announced its quarterly earnings results on Monday, May 12th. The electronics maker reported ($0.12) earnings per share (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 the consensus estimate of $2.25 million. MicroVision had a negative return on equity of 102.34% and a negative net margin of 1,049.43%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in 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 acquiring an additional 842,858 shares during the period. Geode Capital Management LLC lifted its position 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 acquiring an additional 106,984 shares during the period. Charles Schwab Investment Management Inc. lifted its position 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 acquiring an additional 22,462 shares during the period. MCF Advisors LLC lifted its position 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 acquiring an additional 868,000 shares during the period. Finally, Northern Trust Corp lifted its position in MicroVision by 5.3% during the 4th quarter. Northern Trust Corp now owns 1,829,877 shares of the electronics maker’s stock valued at $2,397,000 after acquiring an additional 91,930 shares during the period. 30.90% of the stock is owned by hedge funds and other 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.