VisionWave (NASDAQ:VWAV) Rating Increased to Hold 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 reaffirmed a “sell (d-)” rating on shares of VisionWave in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

VisionWave Price Performance

VWAV opened at $7.56 on Friday. The company has a 50-day moving average of $9.51. VisionWave has a 1 year low of $2.06 and a 1 year high of $15.80. The stock has a market capitalization of $148.10 million, a price-to-earnings ratio of -12.00 and a beta of 0.21.

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

Insider Buying and Selling at VisionWave

In related news, major shareholder Internacional Argentina Magic sold 12,200 shares of the business’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $9.58, for a total transaction of $116,876.00. Following the transaction, the insider directly owned 2,008,300 shares in the company, valued at $19,239,514. The trade was a 0.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.40% of the stock is owned by insiders.

Institutional Investors Weigh In On VisionWave

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Yorkville Advisors Global LP acquired a new stake in VisionWave in the third quarter worth about $1,906,000. Geode Capital Management LLC grew its stake in shares of VisionWave by 22.9% during 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 during the last quarter. State Street Corp increased its holdings in shares of VisionWave by 20.9% during the fourth quarter. State Street Corp now owns 26,576 shares of the company’s stock valued at $246,000 after acquiring an additional 4,600 shares in the last quarter. Cetera Investment Advisers acquired a new position in shares of VisionWave during the fourth quarter valued at about $132,000. Finally, Equitable Holdings Inc. purchased a new position in shares of VisionWave in the 4th quarter valued at approximately $125,000. 51.36% of the stock is currently owned by hedge funds and other institutional investors.

About VisionWave

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.