VisionWave (NASDAQ:VWAV) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of VisionWave (NASDAQ:VWAV) from a sell rating to a hold rating in a research report released on Saturday.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of VisionWave in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, VisionWave has a consensus rating of “Sell”.

VisionWave Stock Down 3.8%

VisionWave stock opened at $7.27 on Friday. VisionWave has a 1-year low of $2.06 and a 1-year high of $15.80. The company has a market cap of $142.43 million, a price-to-earnings ratio of -11.54 and a beta of 0.21. The business’s 50 day moving average price is $9.46.

VisionWave (NASDAQ:VWAV) last announced its quarterly earnings results on Tuesday, February 17th. The company reported ($0.46) EPS for the quarter.

Insiders Place Their Bets

In related news, major shareholder Internacional Argentina Magic sold 12,200 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $9.58, for a total value of $116,876.00. Following the sale, the insider directly owned 2,008,300 shares of the company’s stock, valued at $19,239,514. This trade represents a 0.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On VisionWave

Institutional investors have recently made changes to their positions in the stock. State Street Corp raised its position in shares of VisionWave by 20.9% during the 4th quarter. State Street Corp now owns 26,576 shares of the company’s stock valued at $246,000 after buying an additional 4,600 shares in the last quarter. CIBC Private Wealth Group LLC bought a new stake in shares of VisionWave during the 4th quarter worth $93,000. Squarepoint Ops LLC purchased a new position in VisionWave in the fourth quarter worth $105,000. Geode Capital Management LLC grew its position in VisionWave by 22.9% in the fourth quarter. Geode Capital Management LLC now owns 61,792 shares of the company’s stock worth $573,000 after acquiring an additional 11,533 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in VisionWave in the fourth quarter valued at $117,000. Institutional investors own 51.36% of the company’s stock.

VisionWave Company Profile

VisionWave Technologies Inc is a defense development company focused on integrating advanced artificial intelligence and autonomous solutions across air, ground and sea domains. VisionWave Technologies Inc, formerly known as Bannix Acquisition Corp., is based in WILMINGTON, Del.