Ambarella Receives Consensus Rating of “Buy” from Brokerages (NASDAQ:AMBA)
Ambarella (NASDAQ:AMBA) has been given a consensus recommendation of “Buy” by the nine analysts that are currently covering the stock, American Banking News.com reports. Four investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $30.50.
In other Ambarella news, Insider Leslie Kohn sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $32.00, for a total value of $640,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Ambarella (NASDAQ:AMBA) traded down 1.45% during mid-day trading on Wednesday, hitting $34.7376. The stock had a trading volume of 1,094,176 shares. Ambarella has a 52-week low of $14.71 and a 52-week high of $36.49. The stock has a 50-day moving average of $30.26 and a 200-day moving average of $28.5. The company has a market cap of $1.015 billion and a P/E ratio of 41.37.
A number of research firms have recently commented on AMBA. Analysts at Imperial Capital initiated coverage on shares of Ambarella in a research note on Wednesday. They set an “outperform” rating and a $39.00 price target on the stock. Analysts at Stifel Nicolaus raised their price target on shares of Ambarella from $35.00 to $39.00 in a research note on Tuesday.
Ambarella, Inc is a developer of semiconductor processing solutions for video that enable high-definition (NASDAQ:AMBA), video capture, sharing and display.
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