Microvision (NASDAQ:MVIS) Raised to Hold at Wall Street Zen

Microvision (NASDAQ:MVIS) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Separately, D. Boral Capital restated a “buy” rating and issued a $2.50 target price on shares of Microvision in a research report on Monday, August 11th.

Microvision Stock Performance

Shares of Microvision stock opened at $1.12 on Friday. Microvision has a one year low of $0.80 and a one year high of $1.95. The company has a market cap of $337.08 million, a price-to-earnings ratio of -2.87 and a beta of 1.43. The business’s 50 day moving average price is $1.20 and its 200 day moving average price is $1.24.

Microvision (NASDAQ:MVIS) last released its quarterly earnings data on Thursday, August 7th. The electronics maker reported ($0.06) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.06). Microvision had a negative net margin of 3,470.59% and a negative return on equity of 146.46%. The firm had revenue of $0.20 million during the quarter, compared to analysts’ expectations of $0.60 million.

Institutional Investors Weigh In On Microvision

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Microvision by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 16,743,519 shares of the electronics maker’s stock valued at $20,762,000 after buying an additional 842,858 shares during the period. Geode Capital Management LLC raised its holdings in shares of Microvision by 7.7% in the 2nd quarter. Geode Capital Management LLC now owns 5,994,533 shares of the electronics maker’s stock valued at $6,835,000 after buying an additional 431,046 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Microvision by 312.1% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,760,933 shares of the electronics maker’s stock valued at $4,287,000 after buying an additional 2,848,292 shares during the period. MCF Advisors LLC raised its holdings in shares of Microvision by 0.8% in the 2nd quarter. MCF Advisors LLC now owns 1,866,419 shares of the electronics maker’s stock valued at $2,128,000 after buying an additional 14,759 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Microvision by 1.2% in 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 buying an additional 22,462 shares during the period. Hedge funds and other institutional investors own 30.90% of the company’s stock.

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.