Wall Street Zen Downgrades AEye (NASDAQ:LIDR) to Sell

Key Points

• AEye has been downgraded by Wall Street Zen from a "hold" rating to a "sell" rating, significantly impacting market sentiment.
• Following the downgrade, AEye's stock price dropped by 20.2%, currently trading at $2.88, with a 52-week low of $0.49.
• Institutional investors have been active, with notable stakes increased by firms such as Two Sigma Investments LP, which grew its stake by 462.0% in the last quarter.

AEye (NASDAQ:LIDR - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Saturday.

AEye Stock Performance

Shares of LIDR stock traded up $0.24 during mid-day trading on Friday, hitting $2.75. The stock had a trading volume of 27,735,268 shares, compared to its average volume of 8,337,204. AEye has a fifty-two week low of $0.49 and a fifty-two week high of $6.44. The firm has a market cap of $52.79 million, a PE ratio of -0.95 and a beta of 2.98. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.50 and a quick ratio of 2.49. The company's 50-day simple moving average is $1.32 and its 200-day simple moving average is $0.93.

Institutional Trading of AEye

Hedge funds have recently made changes to their positions in the company. Millennium Management LLC acquired a new stake in shares of AEye in the 4th quarter worth $32,000. Commonwealth Equity Services LLC acquired a new stake in shares of AEye in the 4th quarter worth $43,000. Two Sigma Securities LLC acquired a new stake in shares of AEye in the 4th quarter worth $66,000. Citadel Advisors LLC acquired a new stake in shares of AEye in the fourth quarter valued at about $92,000. Finally, Two Sigma Investments LP lifted its stake in shares of AEye by 462.0% in the fourth quarter. Two Sigma Investments LP now owns 74,736 shares of the company's stock valued at $95,000 after purchasing an additional 61,437 shares during the period. Institutional investors and hedge funds own 21.58% of the company's stock.

AEye Company Profile

AEye, Inc, together with its subsidiaries, provides lidar systems for vehicle autonomy, advanced driver-assistance systems, and robotic vision applications in the United States, Europe, and Asia-Pacific. It offers 4Sight intelligent sensing lidar platform, including 4Sight at Design, Triggered 4Sight, Responsive 4Sight, and Predictive 4Sight; and 4Sight for automotive and industrial market.