In a report released today, Martin Yang from Oppenheimer maintained a Hold rating on Ambarella (AMBA). The company’s shares closed last Tuesday at $113.71, close to its 52-week high of $128.93.
According to TipRanks.com, Yang is a 4-star analyst with an average return of 27.5% and a 59.3% success rate. Yang covers the Technology sector, focusing on stocks such as Universal Display, QuickLogic, and MagnaChip.
Currently, the analyst consensus on Ambarella is a Moderate Buy with an average price target of $121.33, implying a 2.0% upside from current levels. In a report issued on February 24, Deutsche Bank also maintained a Hold rating on the stock with a $100.00 price target.
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Based on Ambarella’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $56.09 million and GAAP net loss of $17.08 million. In comparison, last year the company earned revenue of $67.92 million and had a GAAP net loss of $4.31 million.
Based on the recent corporate insider activity of 89 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AMBA in relation to earlier this year. Most recently, in December 2020, Christopher Day, the VP Marketing of AMBA sold 3,787 shares for a total of $342,127.
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.
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