MYDA Advisors LLC acquired a new position in shares of Luminar Technologies, Inc. (NASDAQ:LAZR - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 89,300 shares of the company's stock, valued at approximately $480,000. MYDA Advisors LLC owned 0.27% of Luminar Technologies as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. DnB Asset Management AS purchased a new position in Luminar Technologies during the 4th quarter valued at about $91,000. Entropy Technologies LP purchased a new position in Luminar Technologies during the fourth quarter valued at approximately $97,000. Stifel Financial Corp raised its stake in Luminar Technologies by 118.5% in the third quarter. Stifel Financial Corp now owns 141,005 shares of the company's stock worth $127,000 after buying an additional 76,470 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Luminar Technologies during the fourth quarter worth $155,000. Finally, Aristides Capital LLC bought a new position in Luminar Technologies in the fourth quarter worth about $176,000. 30.99% of the stock is currently owned by institutional investors.
Luminar Technologies Stock Performance
Shares of LAZR traded up $0.22 during trading hours on Thursday, hitting $3.85. The stock had a trading volume of 1,379,119 shares, compared to its average volume of 1,908,972. The firm has a market capitalization of $163.20 million, a price-to-earnings ratio of -0.29 and a beta of 1.86. The firm has a 50-day moving average price of $5.27 and a 200 day moving average price of $7.67. Luminar Technologies, Inc. has a fifty-two week low of $3.30 and a fifty-two week high of $34.80.
Wall Street Analyst Weigh In
Separately, The Goldman Sachs Group lowered their target price on shares of Luminar Technologies from $3.50 to $2.00 and set a "sell" rating for the company in a research note on Thursday, April 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, Luminar Technologies currently has an average rating of "Hold" and a consensus target price of $53.86.
Check Out Our Latest Analysis on LAZR
Luminar Technologies Profile
(
Free Report)
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.
Read More
Before you consider Luminar Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Luminar Technologies wasn't on the list.
While Luminar Technologies currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
