Deutsche Bank Aktiengesellschaft reaffirmed their hold rating on shares of Luminar Technologies (NASDAQ:LAZR - Free Report) in a report published on Tuesday morning, Marketbeat.com reports. The firm currently has a $1.00 price objective on the stock.
A number of other equities analysts have also weighed in on LAZR. Westpark Capital restated a buy rating and set a $9.00 target price on shares of Luminar Technologies in a research report on Tuesday, August 6th. Rosenblatt Securities cut their price objective on Luminar Technologies from $3.00 to $2.00 and set a neutral rating for the company in a research report on Wednesday, August 7th. Citigroup decreased their target price on Luminar Technologies from $9.00 to $6.00 and set a buy rating on the stock in a research report on Friday, August 16th. JPMorgan Chase & Co. cut their price target on Luminar Technologies from $8.00 to $6.00 and set an overweight rating for the company in a report on Monday, August 19th. Finally, The Goldman Sachs Group decreased their price objective on Luminar Technologies from $1.50 to $1.00 and set a sell rating on the stock in a report on Thursday, July 11th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Luminar Technologies currently has a consensus rating of Hold and a consensus price target of $3.74.
View Our Latest Research Report on Luminar Technologies
Luminar Technologies Price Performance
Shares of LAZR stock traded down $0.06 on Tuesday, hitting $0.76. 22,880,730 shares of the stock traded hands, compared to its average volume of 9,891,552. The firm has a market cap of $338.32 million, a price-to-earnings ratio of -0.55 and a beta of 1.61. The firm has a 50 day simple moving average of $1.31 and a two-hundred day simple moving average of $1.55. Luminar Technologies has a 52 week low of $0.73 and a 52 week high of $5.48.
Luminar Technologies (NASDAQ:LAZR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.18) EPS for the quarter, beating the consensus estimate of ($0.22) by $0.04. The business had revenue of $16.50 million during the quarter, compared to analysts' expectations of $20.36 million. During the same quarter in the previous year, the firm earned ($0.37) earnings per share. Luminar Technologies's revenue was up 1.9% on a year-over-year basis. Sell-side analysts forecast that Luminar Technologies will post -1 EPS for the current year.
Institutional Trading of Luminar Technologies
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Luminar Technologies by 5.1% in the 1st quarter. Vanguard Group Inc. now owns 27,024,843 shares of the company's stock worth $53,239,000 after purchasing an additional 1,319,480 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Luminar Technologies by 0.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,865,578 shares of the company's stock worth $3,675,000 after acquiring an additional 14,604 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Luminar Technologies by 48.1% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 714,135 shares of the company's stock worth $2,407,000 after acquiring an additional 232,024 shares during the last quarter. Boulder Hill Capital Management LP purchased a new position in Luminar Technologies during the 1st quarter valued at $1,375,000. Finally, Blair William & Co. IL grew its position in Luminar Technologies by 51.7% in the 2nd quarter. Blair William & Co. IL now owns 605,735 shares of the company's stock valued at $903,000 after acquiring an additional 206,512 shares during the last quarter. Hedge funds and other institutional investors own 30.99% of the company's stock.
Luminar Technologies Company Profile
(
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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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