Share on StockTwits

Research analysts at Deutsche Bank lifted their price target on shares of Ambarella (NASDAQ:AMBA) from $27.00 to $35.00 in a report released on Friday. The firm currently has a “hold” rating on the stock. Deutsche Bank’s target price would indicate a potential downside of 2.23% from the company’s current price.

In other Ambarella news, Insider Leslie Kohn unloaded 20,000 shares of the stock on the open market in a transaction dated 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.

Several other analysts have also recently commented on the stock. 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. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Ambarella presently has an average rating of “Buy” and an average price target of $31.50.

Shares of Ambarella (NASDAQ:AMBA) opened at 35.77 on Friday. Ambarella has a 52 week low of $16.25 and a 52 week high of $36.72. The stock’s 50-day moving average is $30.5 and its 200-day moving average is $28.69. The company has a market cap of $1.045 billion and a price-to-earnings ratio of 41.92.

Ambarella (NASDAQ:AMBA) last posted its quarterly earnings results on Thursday, September 4th. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.28 by $0.09. The company had revenue of $47.00 million for the quarter, compared to the consensus estimate of $44.70 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was up 24.7% on a year-over-year basis. Analysts expect that Ambarella will post $1.17 EPS for the current fiscal year.

Ambarella, Inc is a developer of semiconductor processing solutions for video that enable high-definition (NASDAQ:AMBA), video capture, sharing and display.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.