Vetr's target price suggests a potential upside of 6.84% from the stock's current price.
A number of other equities research analysts also recently issued reports on AMBA. Morgan Stanley restated an overweight rating and set a $60.00 price target on shares of Ambarella in a research note on Wednesday, September 27th. Dougherty & Company upgraded it to "Buy" rating and $43 target in Thursday, February 4 report. Stifel Nicolaus lowered their target price on shares of Ambarella from $64.00 to $52.00 and set a buy rating on the stock in a research note on Friday, September 1st. Finally, ValuEngine upgraded Ambarella from a sell rating to a hold rating in a research note on Friday, September 8th. Needham & Company LLC restated a hold rating on shares of Ambarella in a research note on Friday.
Among 7 analysts covering YY Inc (NASDAQ:YY), 6 have Buy rating, 0 Sell and 1 Hold.
Ambarella, Inc. (NASDAQ:AMBA) has risen 67.32% since December 4, 2016 and is uptrending. (NASDAQ:AMBA). Van Berkom & Assocs accumulated 1.24M shares or 2.17% of the stock. The company has a market cap of $1,970.60, a PE ratio of 56.51, a price-to-earnings-growth ratio of 6.28 and a beta of 1.57. Ambarella has a 1-year low of $40.06 and a 1-year high of $65.39.
Ambarella (NASDAQ:AMBA) last released its quarterly earnings results on Thursday, November 30th. The company reported the earnings of $0.75/Share in the last quarter where the estimated EPS by analysts was $0.67/share.
Ambarella Inc (NASDAQ:AMBA) has average revenue estimates of $70.28 Million, compared to low analyst estimates of $70 Million and high estimates of $71.2 Million for the current quarter. Return on Equity (ROE) stands at 11.9% and Return on Investment (ROI) of 12.6 percent. The firm's quarterly revenue was down 11.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.11 EPS. equities analysts forecast that Ambarella will post 0.64 EPS for the current year.
In other Ambarella news, VP Christopher Day sold 2,618 shares of the firm's stock in a transaction on Friday, September 29th. The shares were sold at an average price of $49.15, for a total transaction of $128,674.70.
Currently Ambarella Inc (NASDAQ:AMBA)'s shares owned by insiders are 4.3%, whereas shares owned by institutional owners are 67%. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 5 were sells. Insider ownership decreased by a total of 27835 shares, which suggests that AMBA's key executives are feeling less optimistic about the outlook for the stock. The stock was sold at an average price of $46.50, for a total transaction of $300,715.50. The disclosure for this sale can be found here. Insiders sold a total of 27,835 shares of company stock valued at $1,301,265 over the last three months.
A number of hedge funds have recently modified their holdings of AMBA. Victory Capital Management Inc. increased its holdings in Ambarella by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 2,240 shares of the semiconductor company's stock worth $109,000 after acquiring an additional 337 shares during the last quarter. Turner Investments LLC bought a new stake in shares of Ambarella in the 3rd quarter worth about $172,000. Amalgamated Bank lifted its holdings in shares of Ambarella by 3.6% during the second quarter. Amalgamated Bank now owns 4,126 shares of the semiconductor company's stock worth $200,000 after purchasing an additional 143 shares during the last quarter. Vanguard Group Inc. boosted its stake in Ambarella by 2.9% in the 2nd quarter. Finally, Belpointe Asset Management LLC purchased a new stake in Ambarella in the 3rd quarter worth approximately $216,000. "(AMBA)" was originally published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this article on another domain, it was stolen and reposted in violation of United States and worldwide trademark & copyright laws. The Company operates through the development and sale of low-power, high-definition video products segment. Its system-on-a-chip designs incorporate HD video processing, image processing, audio processing and system functions onto a single chip.