Luminar Technologies, Inc. (NASDAQ:LAZR - Get Free Report) has been assigned an average recommendation of "Hold" from the eight brokerages that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $50.06.
A number of research analysts have issued reports on LAZR shares. Craig Hallum decreased their target price on shares of Luminar Technologies from $22.50 to $15.00 and set a "hold" rating on the stock in a research report on Tuesday, November 12th. The Goldman Sachs Group reduced their target price on Luminar Technologies from $11.25 to $7.50 and set a "sell" rating on the stock in a report on Thursday, November 14th.
View Our Latest Report on Luminar Technologies
Shares of LAZR stock opened at $5.34 on Tuesday. Luminar Technologies has a 12-month low of $4.93 and a 12-month high of $45.68. The company has a market capitalization of $177.89 million, a PE ratio of -0.40 and a beta of 1.60. The firm has a 50 day moving average price of $6.86 and a two-hundred day moving average price of $12.50.
Luminar Technologies (NASDAQ:LAZR - Get Free Report) last released its quarterly earnings results on Monday, November 11th. The company reported ($2.40) earnings per share for the quarter, topping the consensus estimate of ($3.30) by $0.90. The firm had revenue of $15.49 million for the quarter, compared to analyst estimates of $17.70 million. During the same period in the previous year, the business posted ($4.95) earnings per share. The business's revenue for the quarter was down 8.6% on a year-over-year basis. As a group, research analysts expect that Luminar Technologies will post -14.2 EPS for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of LAZR. PEAK6 Investments LLC acquired a new stake in Luminar Technologies in the third quarter valued at about $25,000. Invst LLC acquired a new position in shares of Luminar Technologies in the second quarter valued at approximately $28,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Luminar Technologies in the 3rd quarter valued at approximately $31,000. Tyler Stone Wealth Management boosted its position in Luminar Technologies by 70.5% during the 3rd quarter. Tyler Stone Wealth Management now owns 37,000 shares of the company's stock worth $33,000 after buying an additional 15,300 shares during the period. Finally, Point72 DIFC Ltd bought a new stake in Luminar Technologies during the 3rd quarter worth approximately $40,000. Institutional investors own 30.99% of the company's stock.
Luminar Technologies, Inc, an automotive technology company, provides sensor technologies and software for passenger cars and commercial trucks in North America, the Asia Pacific, Europe, and the Middle East. It operates in two segments, Autonomy Solutions and Advanced Technologies and Services. The Autonomy Solutions segment designs, manufactures, and sells laser imaging, detection, and ranging sensors or lidars, as well as related perception and autonomy software solutions primarily for original equipment manufacturers in the automobile, commercial vehicle, robo-taxi, and adjacent industries.
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