39,385 Shares in MicroVision, Inc. (NASDAQ:MVIS) Acquired by Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC acquired a new position in MicroVision, Inc. (NASDAQ:MVIS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 39,385 shares of the electronics maker’s stock, valued at approximately $104,000.

A number of other large investors also recently bought and sold shares of MVIS. Versor Investments LP bought a new position in MicroVision in the third quarter worth approximately $25,000. Jump Financial LLC bought a new position in MicroVision in the third quarter worth approximately $706,000. Quantbot Technologies LP bought a new position in MicroVision in the third quarter worth approximately $208,000. Kestra Private Wealth Services LLC raised its stake in MicroVision by 200.5% in the third quarter. Kestra Private Wealth Services LLC now owns 150,696 shares of the electronics maker’s stock worth $330,000 after buying an additional 100,550 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new position in MicroVision in the third quarter worth approximately $87,000. Institutional investors own 30.90% of the company’s stock.

MicroVision Trading Down 4.3 %

NASDAQ MVIS opened at $1.11 on Friday. The firm’s fifty day simple moving average is $1.54 and its two-hundred day simple moving average is $2.10. MicroVision, Inc. has a 12-month low of $1.09 and a 12-month high of $8.20. The firm has a market capitalization of $229.39 million, a P/E ratio of -2.36 and a beta of 3.06.

MicroVision (NASDAQ:MVIS) last released its quarterly earnings results on Thursday, May 9th. The electronics maker reported ($0.13) earnings per share (EPS) for the quarter. MicroVision had a negative return on equity of 90.04% and a negative net margin of 1,212.54%. The firm had revenue of $0.96 million during the quarter. During the same quarter in the prior year, the company earned ($0.11) earnings per share. As a group, sell-side analysts predict that MicroVision, Inc. will post -0.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $3.00 price target on shares of MicroVision in a report on Friday, March 1st.

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.