Arbe Robotics (NASDAQ:ARBE) Price Target Cut to $9.00 by Analysts at R. F. Lafferty

Arbe Robotics (NASDAQ:ARBEGet Rating) had its price target decreased by R. F. Lafferty from $12.00 to $9.00 in a report published on Monday, The Fly reports.

Arbe Robotics Stock Up 4.0 %

ARBE stock opened at $4.15 on Monday. The company has a market cap of $261.74 million, a PE ratio of -5.68 and a beta of -0.19. Arbe Robotics has a twelve month low of $3.90 and a twelve month high of $12.38. The business’s 50-day simple moving average is $5.18 and its 200 day simple moving average is $5.82.

Institutional Investors Weigh In On Arbe Robotics

Several institutional investors have recently added to or reduced their stakes in ARBE. ETF Managers Group LLC raised its holdings in shares of Arbe Robotics by 8.2% in the 3rd quarter. ETF Managers Group LLC now owns 35,746 shares of the company’s stock valued at $214,000 after purchasing an additional 2,696 shares during the period. NewEdge Advisors LLC acquired a new stake in shares of Arbe Robotics during the 2nd quarter worth approximately $226,000. Finally, Saba Capital Management L.P. acquired a new stake in shares of Arbe Robotics during the 1st quarter worth approximately $322,000. 7.88% of the stock is owned by institutional investors.

About Arbe Robotics

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Arbe Robotics Ltd., a semiconductor company, provides 4D imaging radar solutions for tier 1 automotive suppliers and automotive manufacturers in Israel and the United States. It offers 4D imaging radar chipset solutions that address the core issues that have caused autonomous vehicle and autopilot accidents, such as detecting stationary objects, identifying vulnerable road users, and eliminating false alarms without radar ambiguities.

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