Barclays PLC grew its position in Luminar Technologies, Inc. (NASDAQ:LAZR - Free Report) by 469.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 842,288 shares of the company's stock after acquiring an additional 694,315 shares during the quarter. Barclays PLC owned 0.17% of Luminar Technologies worth $757,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also modified their holdings of the company. Invst LLC bought a new stake in shares of Luminar Technologies in the 2nd quarter worth about $28,000. PEAK6 Investments LLC purchased a new stake in Luminar Technologies in the 3rd quarter worth about $25,000. Algert Global LLC bought a new stake in Luminar Technologies in the second quarter worth about $42,000. Sei Investments Co. boosted its position in shares of Luminar Technologies by 163.0% during the second quarter. Sei Investments Co. now owns 32,887 shares of the company's stock valued at $49,000 after buying an additional 20,383 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Luminar Technologies during the third quarter valued at approximately $31,000. 30.99% of the stock is owned by hedge funds and other institutional investors.
Luminar Technologies Price Performance
NASDAQ:LAZR traded down $0.08 during trading hours on Wednesday, hitting $5.38. 3,261,189 shares of the company were exchanged, compared to its average volume of 1,253,560. Luminar Technologies, Inc. has a 52-week low of $4.93 and a 52-week high of $53.48. The stock has a market capitalization of $179.22 million, a price-to-earnings ratio of -0.40 and a beta of 1.53. The company's 50 day moving average price is $9.75 and its 200-day moving average price is $14.83.
Luminar Technologies (NASDAQ:LAZR - Get Free Report) last announced its quarterly earnings data on Monday, November 11th. The company reported ($2.40) earnings per share for the quarter, beating analysts' consensus estimates of ($3.30) by $0.90. The company had revenue of $15.49 million for the quarter, compared to analysts' expectations of $17.70 million. Luminar Technologies's quarterly revenue was down 8.6% compared to the same quarter last year. During the same period last year, the firm earned ($4.95) earnings per share. On average, equities analysts predict that Luminar Technologies, Inc. will post -14.2 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on LAZR shares. Rosenblatt Securities restated a "neutral" rating and issued a $30.00 price target on shares of Luminar Technologies in a report on Wednesday, October 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $15.00 price target on shares of Luminar Technologies in a research note on Tuesday, September 10th. The Goldman Sachs Group dropped their price objective on Luminar Technologies from $11.25 to $7.50 and set a "sell" rating on the stock in a research note on Thursday, November 14th. Finally, Craig Hallum decreased their target price on Luminar Technologies from $22.50 to $15.00 and set a "hold" rating for the company in a research report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Luminar Technologies has an average rating of "Hold" and an average target price of $50.06.
Read Our Latest Analysis on Luminar Technologies
About Luminar Technologies
(
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.
Featured Articles
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
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
