Shares of Luminar Technologies, Inc. (NASDAQ:LAZR - Get Free Report) have received an average recommendation of "Hold" from the seven brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $53.86.
Separately, The Goldman Sachs Group decreased their price target on Luminar Technologies from $3.50 to $2.00 and set a "sell" rating for the company in a research report on Thursday, April 10th.
Get Our Latest Analysis on Luminar Technologies
Hedge Funds Weigh In On Luminar Technologies
Several institutional investors and hedge funds have recently modified their holdings of LAZR. Headlands Technologies LLC purchased a new position in Luminar Technologies in the first quarter valued at about $90,000. Charles Schwab Investment Management Inc. increased its holdings in Luminar Technologies by 21.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 219,766 shares of the company's stock worth $1,185,000 after buying an additional 38,549 shares during the last quarter. MASO CAPITAL PARTNERS Ltd bought a new position in Luminar Technologies during the first quarter valued at approximately $270,000. Summit X LLC lifted its stake in Luminar Technologies by 270.6% in the first quarter. Summit X LLC now owns 73,487 shares of the company's stock valued at $396,000 after acquiring an additional 53,659 shares during the last quarter. Finally, SBI Securities Co. Ltd. grew its position in Luminar Technologies by 22.4% in the first quarter. SBI Securities Co. Ltd. now owns 35,298 shares of the company's stock worth $190,000 after acquiring an additional 6,470 shares in the last quarter. 30.99% of the stock is currently owned by hedge funds and other institutional investors.
Luminar Technologies Price Performance
Shares of LAZR traded up $0.18 during trading hours on Monday, hitting $4.16. 1,906,759 shares of the company were exchanged, compared to its average volume of 1,946,872. The company has a market capitalization of $176.34 million, a PE ratio of -0.31 and a beta of 2.06. The firm has a fifty day simple moving average of $4.81 and a 200-day simple moving average of $6.91. Luminar Technologies has a one year low of $3.30 and a one year high of $32.70.
About Luminar Technologies
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Get Free ReportLuminar 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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