Private Advisor Group LLC Raises Stock Holdings in Microvision, Inc. (NASDAQ:MVIS)

Private Advisor Group LLC increased its position in Microvision, Inc. (NASDAQ:MVIS) by 22.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,758 shares of the electronics maker’s stock after acquiring an additional 9,500 shares during the period. Private Advisor Group LLC’s holdings in Microvision were worth $64,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kieckhefer Group LLC acquired a new position in shares of Microvision during the 1st quarter worth approximately $222,000. Thrive Wealth Management LLC acquired a new position in shares of Microvision during the 1st quarter worth approximately $123,000. Parr Mcknight Wealth Management Group LLC acquired a new position in shares of Microvision during the 4th quarter worth approximately $44,000. Two Sigma Advisers LP acquired a new position in shares of Microvision during the 4th quarter worth approximately $65,000. Finally, Two Sigma Investments LP acquired a new position in shares of Microvision during the 4th quarter worth approximately $267,000. Hedge funds and other institutional investors own 30.90% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MVIS. D. Boral Capital restated a “buy” rating and set a $2.50 target price on shares of Microvision in a report on Wednesday, May 21st. Wall Street Zen raised shares of Microvision to a “sell” rating in a research report on Wednesday, May 21st.

Microvision Stock Performance

Shares of MVIS stock opened at $1.09 on Friday. The stock’s 50-day moving average is $1.20 and its two-hundred day moving average is $1.26. The firm has a market cap of $271.69 million, a price-to-earnings ratio of -2.48 and a beta of 1.43. Microvision, Inc. has a 1 year low of $0.80 and a 1 year high of $1.95.

Microvision (NASDAQ:MVIS) last issued its quarterly earnings data on Monday, May 12th. The electronics maker reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.06). The firm had revenue of $0.59 million for the quarter, compared to analysts’ expectations of $2.25 million. Microvision had a negative return on equity of 161.24% and a negative net margin of 2,295.70%.

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.