Arbe Robotics (NASDAQ:ARBE) Given "Sell (E+)" Rating at Weiss Ratings

Key Points

• Weiss Ratings has reaffirmed a "sell (E+)" rating for Arbe Robotics (NASDAQ: ARBE) as of Wednesday.
• Roth Capital issued a "buy" rating with a price target of $2.00 for Arbe Robotics, while the consensus rating remains "Hold" with an average target of $2.25.
• Institutional investors have increased their holdings significantly, with UBS Asset Management raising its position by 187.5% in the first quarter.

Arbe Robotics (NASDAQ:ARBE - Get Free Report)'s stock had its "sell (e+)" rating reaffirmed by investment analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Separately, Roth Capital set a $2.00 price objective on shares of Arbe Robotics and gave the stock a "buy" rating in a research report on Friday, August 8th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Arbe Robotics presently has a consensus rating of "Hold" and an average price target of $2.25.

Arbe Robotics Price Performance

Shares of ARBE stock traded up $0.41 during trading hours on Wednesday, reaching $2.70. 17,688,510 shares of the stock were exchanged, compared to its average volume of 4,849,227. Arbe Robotics has a 12-month low of $0.85 and a 12-month high of $5.09. The firm has a market capitalization of $284.26 million, a P/E ratio of -4.82 and a beta of 0.47. The business's fifty day moving average is $1.46 and its two-hundred day moving average is $1.45.

Institutional Trading of Arbe Robotics

Institutional investors have recently modified their holdings of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Arbe Robotics by 187.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,849,154 shares of the company's stock valued at $4,995,000 after buying an additional 3,162,282 shares in the last quarter. Telemark Asset Management LLC acquired a new stake in Arbe Robotics in the 1st quarter valued at $1,390,000. Ghisallo Capital Management LLC acquired a new stake in Arbe Robotics in the 1st quarter valued at $258,000. Sender Co & Partners Inc. acquired a new stake in Arbe Robotics in the 2nd quarter valued at $154,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Arbe Robotics in the first quarter worth about $63,000. Hedge funds and other institutional investors own 33.42% of the company's stock.

About Arbe Robotics

Arbe Robotics Ltd., a semiconductor company, provides 4D imaging radar solutions for tier 1 automotive suppliers and automotive manufacturers in China, Hong Kong, Sweden, Germany, the United States, Israel, and internationally. It offers 4D imaging radar chipset solutions that address the core issues that have caused autonomous vehicle and autopilot accidents, such as detecting stationary objects, identifying vulnerable road users, operation at poor lighting conditions, and eliminating false alarms without radar ambiguities.

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