Thompson Davis & CO. Inc. Purchases New Holdings in AEye, Inc. $LIDR

Thompson Davis & CO. Inc. acquired a new position in shares of AEye, Inc. (NASDAQ:LIDR) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 33,331 shares of the company’s stock, valued at approximately $34,000. Thompson Davis & CO. Inc. owned 0.17% of AEye at the end of the most recent quarter.

Separately, Geode Capital Management LLC raised its stake in shares of AEye by 6.8% during the second quarter. Geode Capital Management LLC now owns 108,323 shares of the company’s stock worth $112,000 after purchasing an additional 6,873 shares during the last quarter. 21.58% of the stock is currently owned by institutional investors and hedge funds.

AEye Trading Down 2.0%

LIDR stock opened at $2.43 on Friday. The company’s 50-day moving average price is $2.66 and its 200 day moving average price is $1.93. AEye, Inc. has a 52 week low of $0.49 and a 52 week high of $6.44. The company has a market cap of $97.06 million, a P/E ratio of -1.12 and a beta of 2.94.

AEye (NASDAQ:LIDR) last posted its quarterly earnings results on Friday, November 7th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.07. The company had revenue of $0.05 million during the quarter, compared to the consensus estimate of $0.04 million. AEye had a negative net margin of 19,320.88% and a negative return on equity of 102.95%.

Insider Buying and Selling at AEye

In other news, Director Luis Dussan sold 38,900 shares of AEye stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $2.66, for a total transaction of $103,474.00. Following the completion of the transaction, the director owned 199,932 shares of the company’s stock, valued at $531,819.12. The trade was a 16.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders sold a total of 72,700 shares of company stock valued at $194,117 in the last three months. Company insiders own 11.93% of the company’s stock.

Analyst Ratings Changes

LIDR has been the topic of several recent research reports. Alliance Global Partners began coverage on shares of AEye in a research note on Monday, September 8th. They issued a “buy” rating and a $6.00 price objective on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of AEye in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of AEye from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $6.00.

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.