According to Bloomberg, Ambarella, Inc. (NASDAQ:AMBA) has received a “Moderate Buy” rating from nineteen ratings firms that cover the company. Out of the nineteen, four analysts have given the stock a hold rating, while fifteen have issued a buy rating for the company. The average 1-year price objective among analysts who have provided ratings in the past year stands at $83.90.
In recent news related to Ambarella, the Chief Technology Officer (CTO) Leslie Kohn sold 1,671 shares of Ambarella stock on Monday, September 18th. The shares were sold at an average price of $57.30 each, resulting in a total transaction value of $95,748.30. Following this transaction, Kohn now holds 942,175 shares in the company. This sale was disclosed in a document filed with the Securities & Exchange Commission (SEC), which can be accessed through their website.
Another insider sale was conducted by Director Elizabeth M. Schwarting on Thursday, September 14th. Schwarting sold 777 shares at an average price of $58.57 per share, resulting in a total transaction value of $45,508.89. After this sale, Schwarting holds 7,208 shares in the company.
Recent insider activity aside, Ambarella recently announced its quarterly earnings data on Tuesday, August 29th. For the quarter, Ambarella reported earnings per share of ($0.15), surpassing consensus estimates by $0.06 as it beat expectations set at ($0.21) per share. Despite having negative return on equity and negative net margin percentages at -14.39% and -33.72%, respectively; revenue for the quarter stood at $62.10 million compared to a consensus estimate of $62.02 million.
However, when considering year-over-year figures for this same quarter last year, Ambarella’s revenue saw a decline of 23.2%. Analysts specializing in equities research forecast that Ambarella will post earnings per share of -3.46 for the current fiscal year.
As of September 22, 2023, insiders have collectively sold 17,112 shares of company stock over the past 90 days, amounting to a total value of $1,143,278. It is worth noting that insiders currently own 5.9% of the company’s stock.
Investors should carefully consider these recent developments and insider activity when assessing the potential investment opportunity offered by Ambarella on NASDAQ.
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Analyst Assessments and Institutional Investments: Evaluating Ambarella’s Stock Performance in a Complex Market
In a recent report, several analysts have expressed their opinions and assessments on the shares of Ambarella (NASDAQ: AMBA). These experts bring forth differing perspectives and target prices for the company, reflecting the complex nature of evaluating stock performance in today’s market.
Craig Hallum, one of the prominent voices in the industry, revised their target price on Ambarella shares from $95.00 to $80.00. Despite this adjustment, they maintained a “buy” rating for the company. Similarly, Wells Fargo & Company reduced their price objective on AMBA from $90.00 to $85.00 but retained an “overweight” rating. Offering another perspective, Susquehanna decreased their price objective to $80.00 while maintaining a “positive” rating on the stock.
Deutsche Bank Aktiengesellschaft also weighed in by reducing Ambarella’s target price from $75.00 to $65.00 and assigning a “hold” rating for the company. Lastly, Northland Securities initiated coverage on Ambarella shares with an “outperform” rating and set a price target of $70.00.
Aside from analyst viewpoints, institutional investors and hedge funds have made notable shifts in their holdings of Ambarella recently. Point72 Asset Management L.P., for instance, increased its stake by a significant 1,951.8% during the second quarter, now owning 1,336,384 shares valued at approximately $111,815,000.
Macquarie Group Ltd., another key investor in Ambarella stocks, saw its holdings rise by 61.9% in Q2 compared to the previous quarter. This added up to a total value of around $107,370,000 consisting of 1,640,233 shares.
BlackRock Inc., renowned for its investment strategies and insight into market trends also played a role by increasing its stake by 14.9% during Q1. Their total ownership of 4,028,021 shares amounted to $422,620,000 in value.
Dorsal Capital Management LLC entered the Ambarella market during the fourth quarter with a new stake valued at about $29,603,000. Additionally, Norges Bank acquired shares worth approximately $28,047,000 in the same quarter.
These investments exemplify the substantial interest among institutions in Ambarella’s prospects and potential for growth. Collectively, institutional investors now hold an impressive 79.74% of the company’s stock.
As for current market performance, NASDAQ AMBA opened at $52.65 on September 22, 2023. The semiconductor company has a market capitalization of $2.10 billion and a price-to-earnings (PE) ratio of -21.06. The stock also demonstrates a beta of 1.55.
Over the past year, Ambarella has experienced price swings ranging from a low of $49.02 to a high of $99.86 per share. It currently possesses a 50-day moving average of $70.34 and a 200-day moving average of $73.52.
In conclusion, analyzing stocks is an intricate task that requires weighing multiple factors such as expert opinions and institutional investments alongside evaluating key metrics like market cap and stock movement trends over time. Ambarella’s recent assessments and diverse range of recommendations reflect both these complexities and uncertainties in today’s ever-changing marketplace.
