MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $858,000 Holdings in Luminar Technologies, Inc. (NASDAQ:LAZR)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed its holdings in shares of Luminar Technologies, Inc. (NASDAQ:LAZR - Free Report) by 94.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 159,410 shares of the company's stock after selling 2,579,266 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.48% of Luminar Technologies worth $858,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets acquired a new position in Luminar Technologies in the 4th quarter worth approximately $40,000. DnB Asset Management AS acquired a new position in Luminar Technologies in the 4th quarter worth approximately $91,000. Entropy Technologies LP acquired a new position in Luminar Technologies in the 4th quarter worth approximately $97,000. SBI Securities Co. Ltd. acquired a new position in Luminar Technologies in the 4th quarter worth approximately $155,000. Finally, Brevan Howard Capital Management LP boosted its stake in Luminar Technologies by 199.3% in the 4th quarter. Brevan Howard Capital Management LP now owns 32,160 shares of the company's stock worth $173,000 after purchasing an additional 21,416 shares during the period. 30.99% of the stock is currently owned by institutional investors.

Luminar Technologies Stock Down 4.5%

Shares of NASDAQ:LAZR traded down $0.17 during trading on Friday, reaching $3.57. 1,202,981 shares of the company traded hands, compared to its average volume of 2,054,677. The firm has a fifty day simple moving average of $4.29 and a 200 day simple moving average of $5.93. The firm has a market cap of $151.33 million, a P/E ratio of -0.27 and a beta of 2.06. Luminar Technologies, Inc. has a 1-year low of $3.30 and a 1-year high of $32.70.

Luminar Technologies (NASDAQ:LAZR - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The company reported ($1.50) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.75) by $0.25. The business had revenue of $18.89 million during the quarter, compared to analyst estimates of $16.27 million. During the same period in the previous year, the firm posted ($0.19) EPS. The firm's revenue for the quarter was down 10.0% on a year-over-year basis. As a group, research analysts anticipate that Luminar Technologies, Inc. will post -14.2 EPS for the current year.

Wall Street Analyst Weigh In

LAZR has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of Luminar Technologies in a research note on Thursday, May 15th. The Goldman Sachs Group decreased their target price on shares of Luminar Technologies from $3.50 to $2.00 and set a "sell" rating for the company in a research note on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $53.86.

Luminar Technologies Profile

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.