AEye, Inc. (NASDAQ:LIDR – Get Free Report)’s share price rose 1.5% on Thursday . The company traded as high as $1.37 and last traded at $1.36. 291,209 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 1,147,007 shares. The stock had previously closed at $1.34.
Analysts Set New Price Targets
Several equities research analysts have issued reports on LIDR shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AEye in a research note on Wednesday, June 24th. Wall Street Zen raised shares of AEye from a “sell” rating to a “hold” rating in a research note on Sunday, June 14th. Finally, Craig Hallum initiated coverage on AEye in a report on Friday, April 24th. They set a “buy” rating and a $3.50 target price on the stock. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $4.75.
Check Out Our Latest Report on AEye
AEye Trading Down 1.5%
AEye (NASDAQ:LIDR – Get Free Report) last posted its earnings results on Wednesday, May 13th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.04). The business had revenue of $0.10 million during the quarter, compared to analysts’ expectations of $0.28 million. AEye had a negative net margin of 12,698.89% and a negative return on equity of 49.42%.
Institutional Investors Weigh In On AEye
Several institutional investors and hedge funds have recently modified their holdings of the company. Squarepoint Ops LLC purchased a new stake in AEye during the third quarter worth about $33,000. Flputnam Investment Management Co. acquired a new position in shares of AEye in the fourth quarter worth $40,000. Millennium Management LLC purchased a new stake in shares of AEye during the fourth quarter worth $64,000. Two Sigma Investments LP acquired a new stake in shares of AEye in the third quarter valued at $95,000. Finally, Geode Capital Management LLC grew its stake in AEye by 6.8% during the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 21.58% of the company’s stock.
AEye Company Profile
AEye, Inc is a technology company specializing in adaptive LiDAR (Light Detection and Ranging) systems designed to support advanced driver assistance systems (ADAS), autonomous vehicles and other sensing applications. Through its intelligent detection and ranging (iDAR) platform, AEye integrates high-performance sensors with real-time data processing software to deliver customizable sensing ‘pipelines’ that prioritize relevant objects and environmental features. This approach enables longer detection ranges, higher resolution imagery and dynamic field-of-view adjustment, making AEye’s offerings well suited for complex driving environments and safety-critical scenarios.
The company’s core product suite centers on solid-state and hybrid LiDAR sensors that can be configured for a variety of end uses, including passenger vehicles, commercial trucks, robotics, mapping and defense.
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