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Ambarella (AMBA) Gets a Hold from Oppenheimer

Tipranks - Sat Feb 28, 11:48PM CST

Oppenheimer analyst reiterated a Hold rating on Ambarella yesterday. The company’s shares closed yesterday at $60.34.

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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ambarella with a $88.00 average price target, which is a 45.84% upside from current levels. In a report released today, TipRanks – OpenAI also reiterated a Hold rating on the stock with a $75.00 price target.

Based on Ambarella’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $108.45 million and a GAAP net loss of $15.11 million. In comparison, last year the company earned a revenue of $82.65 million and had a GAAP net loss of $24.07 million

Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AMBA in relation to earlier this year. Last month, Chi-Hong Ju, the SVP, Systems & GM, Asia of AMBA sold 7,728.00 shares for a total of $584,082.24.

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