Deutsche Bank AG decreased its stake in shares of Luminar Technologies, Inc. (NASDAQ:LAZR - Free Report) by 97.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,039 shares of the company's stock after selling 337,618 shares during the period. Deutsche Bank AG's holdings in Luminar Technologies were worth $54,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of LAZR. Entropy Technologies LP acquired a new position in Luminar Technologies during the fourth quarter worth approximately $97,000. SBI Securities Co. Ltd. acquired a new stake in shares of Luminar Technologies in the fourth quarter worth $155,000. DnB Asset Management AS acquired a new stake in shares of Luminar Technologies in the fourth quarter worth $91,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Luminar Technologies in the fourth quarter worth $1,452,000. Finally, Aristides Capital LLC acquired a new stake in shares of Luminar Technologies in the fourth quarter worth $176,000. Institutional investors and hedge funds own 30.99% of the company's stock.
Luminar Technologies Price Performance
LAZR traded up $0.05 during trading hours on Friday, reaching $3.37. 1,697,342 shares of the stock traded hands, compared to its average volume of 2,076,140. The firm's fifty day simple moving average is $4.06 and its two-hundred day simple moving average is $5.63. The company has a market cap of $157.98 million, a price-to-earnings ratio of -0.25 and a beta of 2.01. Luminar Technologies, Inc. has a fifty-two week low of $3.25 and a fifty-two week high of $32.70.
Luminar Technologies (NASDAQ:LAZR - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The company reported ($1.50) earnings per share for the quarter, beating analysts' consensus estimates of ($1.75) by $0.25. The firm had revenue of $18.89 million for the quarter, compared to analyst estimates of $16.27 million. Luminar Technologies's revenue for the quarter was down 10.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.19) earnings per share. On average, research analysts predict that Luminar Technologies, Inc. will post -14.2 earnings per share for the current year.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reissued a "neutral" rating on shares of Luminar Technologies in a research report on Thursday, May 15th. The Goldman Sachs Group dropped their price objective on shares of Luminar Technologies from $3.50 to $2.00 and set a "sell" rating for the company in a research report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $53.86.
View 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.
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.
