Northland Securities analyst Gus Richard maintained a Buy rating on Ambarella (AMBA) on March 25 and set a price target of $45. The company’s shares opened today at $42.82.
According to TipRanks.com, Richard is a 5-star analyst with an average return of 22.5% and a 67.6% success rate. Richard covers the Consumer Goods sector, focusing on stocks such as Adesto Technologies Corp, Akoustis Technologies, and Power Integrations.
Ambarella has an analyst consensus of Moderate Buy, with a price target consensus of $46.50.
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Based on Ambarella’s latest earnings release for the quarter ending January 31, the company reported a quarterly GAAP net loss of $4.54 million. In comparison, last year the company had a net profit of $1.26 million.
Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Yen-Lung Chen, the VP BD of AMBA sold 6,320 shares for a total of $260,826.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Ambarella, Inc. engages in the development and sale of video compression and image processing solutions. Its products include wearable cameras, flying cameras, and automotive video processing solutions. The company was founded by Feng Ming Wang and Leslie D. Kohn on January 15, 2004 and is headquartered in Santa Clara, CA.
