MicroVision (NASDAQ:MVIS) Earns “Buy” Rating from D. Boral Capital

D. Boral Capital reaffirmed their buy rating on shares of MicroVision (NASDAQ:MVIS) in a report published on Wednesday,Benzinga reports. The firm currently has a $2.50 price target on the electronics maker’s stock.

Several other analysts also recently weighed in on the company. StockNews.com upgraded MicroVision to a “sell” rating in a research note on Wednesday. Westpark Capital restated a “buy” rating and issued a $2.00 price target on shares of MicroVision in a research note on Tuesday, March 25th.

MicroVision Stock Down 4.5%

MicroVision stock opened at $1.06 on Wednesday. The company has a market capitalization of $264.22 million, a P/E ratio of -2.59 and a beta of 2.04. The stock’s 50 day moving average is $1.20 and its 200 day moving average is $1.21. MicroVision has a twelve month low of $0.80 and a twelve month high of $1.95.

MicroVision (NASDAQ:MVIS) last posted its quarterly earnings results on Monday, May 12th. The electronics maker reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.06). The company 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 Trading of MicroVision

Several institutional investors have recently added to or reduced their stakes in MVIS. Synergy Asset Management LLC boosted its stake in MicroVision by 140.4% during the 4th quarter. Synergy Asset Management LLC now owns 30,252 shares of the electronics maker’s stock valued at $38,000 after purchasing an additional 17,669 shares during the last quarter. Caitlin John LLC purchased a new stake in MicroVision during the 4th quarter valued at $26,000. Lakeside Advisors INC. boosted its stake in MicroVision by 19.4% during the 4th quarter. Lakeside Advisors INC. now owns 61,638 shares of the electronics maker’s stock valued at $81,000 after purchasing an additional 10,000 shares during the last quarter. SRS Capital Advisors Inc. bought a new position in shares of MicroVision during the 4th quarter valued at $66,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of MicroVision by 7.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,832,066 shares of the electronics maker’s stock valued at $2,400,000 after buying an additional 134,479 shares during the period. 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.