GMT Capital Corp Takes $1.29 Million Position in Microvision, Inc. $MVIS

Key Points

• GMT Capital Corp invested approximately $1.29 million in Microvision, acquiring 1,043,100 shares, which represents a 0.42% ownership stake in the company.
• Several other institutional investors have increased their stakes, with Tower Research Capital boosting its holdings by 226.9% in the last quarter.
• Wall Street analysts have differing views on Microvision, with **two analysts issuing a "buy" rating** and average price targets ranging from $2.00 to $2.50 per share.

GMT Capital Corp purchased a new stake in shares of Microvision, Inc. (NASDAQ:MVIS - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,043,100 shares of the electronics maker's stock, valued at approximately $1,293,000. GMT Capital Corp owned approximately 0.42% of Microvision at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of MVIS. Hudson Bay Capital Management LP bought a new stake in Microvision during the 4th quarter valued at $2,116,000. Millennium Management LLC grew its stake in shares of Microvision by 10,387.0% in the 4th quarter. Millennium Management LLC now owns 1,125,670 shares of the electronics maker's stock worth $1,475,000 after acquiring an additional 1,114,936 shares in the last quarter. MCF Advisors LLC grew its stake in shares of Microvision by 88.2% in the 1st quarter. MCF Advisors LLC now owns 1,851,660 shares of the electronics maker's stock worth $2,296,000 after acquiring an additional 868,000 shares in the last quarter. Vanguard Group Inc. grew its stake 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 worth $20,762,000 after acquiring an additional 842,858 shares in the last quarter. Finally, Nuveen LLC bought a new stake in shares of Microvision in the 1st quarter worth $605,000. Institutional investors own 30.90% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. D. Boral Capital reiterated a "buy" rating and issued a $3.00 target price on shares of Microvision in a research note on Tuesday. Wall Street Zen downgraded shares of Microvision from a "hold" rating to a "sell" rating in a report on Saturday, August 30th. Finally, Westpark Capital reissued a "buy" rating and issued a $2.00 price target on shares of Microvision in a report on Wednesday, August 27th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Microvision currently has a consensus rating of "Buy" and a consensus price target of $2.50.

Microvision Stock Down 1.4%

Shares of MVIS stock traded down $0.02 during trading on Thursday, hitting $1.10. The company had a trading volume of 1,802,880 shares, compared to its average volume of 6,268,892. The stock's 50-day moving average is $1.18 and its two-hundred day moving average is $1.20. The stock has a market capitalization of $329.55 million, a price-to-earnings ratio of -2.81 and a beta of 1.59. Microvision, Inc. has a 52 week low of $0.80 and a 52 week high of $1.95.

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

Microvision 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.