AEye (NASDAQ:LIDR) Trading Down 0.4% - What's Next?

Key Points

• AEye, Inc. saw its share price decrease by 0.4% to $2.35, with a notable drop in trading volume of about 57% from its average session.
• Analysts have set a new price target of $6.00 for AEye, despite mixed ratings, including a recent downgrade to "sell" from Wall Street Zen.
• Insider trading activity includes Director Luis Dussan selling 33,616 shares for approximately $90,000, indicating significant insider movement in the stock.

AEye, Inc. (NASDAQ:LIDR - Get Free Report)'s share price fell 0.4% during trading on Monday . The company traded as low as $2.31 and last traded at $2.35. 1,285,247 shares were traded during mid-day trading, a decline of 57% from the average session volume of 2,961,978 shares. The stock had previously closed at $2.36.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on LIDR shares. Alliance Global Partners started coverage on AEye in a report on Monday, September 8th. They set a "buy" rating and a $6.00 price objective for the company. Wall Street Zen cut AEye from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $6.00.

AEye Stock Down 0.4%

The firm has a market capitalization of $93.87 million, a PE ratio of -0.82 and a beta of 2.98. The company has a fifty day simple moving average of $2.77 and a two-hundred day simple moving average of $1.47. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.91 and a current ratio of 1.93.

Insider Buying and Selling at AEye

In other AEye news, Director Luis Dussan sold 33,616 shares of the company's stock in a transaction on Friday, September 12th. The stock was sold at an average price of $2.68, for a total value of $90,090.88. Following the completion of the sale, the director directly owned 166,132 shares in the company, valued at approximately $445,233.76. This represents a 16.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders sold 78,700 shares of company stock valued at $218,117. 11.93% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in LIDR. Citadel Advisors LLC acquired a new position in AEye during the 4th quarter valued at about $92,000. Millennium Management LLC acquired a new position in AEye during the 4th quarter valued at about $32,000. Two Sigma Investments LP increased its position in AEye by 462.0% during the 4th quarter. Two Sigma Investments LP now owns 74,736 shares of the company's stock valued at $95,000 after buying an additional 61,437 shares in the last quarter. Geode Capital Management LLC increased its position in AEye by 6.8% during the 2nd quarter. Geode Capital Management LLC now owns 108,323 shares of the company's stock valued at $112,000 after buying an additional 6,873 shares in the last quarter. Finally, Thompson Davis & CO. Inc. acquired a new position in AEye during the 2nd quarter valued at about $34,000. 21.58% of the stock is owned by institutional investors.

About AEye

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.

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