AEye (NASDAQ:LIDR) Upgraded at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of AEye (NASDAQ:LIDR – Free Report) from a sell rating to a hold rating in a report released on Saturday.

A number of other analysts also recently commented on LIDR. Weiss Ratings reiterated a “sell (e+)” rating on shares of AEye in a report on Wednesday, October 8th. Alliance Global Partners started coverage on AEye in a research report on Monday, September 8th. They issued a “buy” rating and a $6.00 price target for the company. One investment 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 currently has an average rating of “Hold” and an average target price of $6.00.

View Our Latest Research Report on AEye

AEye Trading Up 0.4%

Shares of LIDR opened at $2.41 on Friday. AEye has a 52-week low of $0.49 and a 52-week high of $6.44. The stock has a market cap of $96.26 million, a PE ratio of -1.11 and a beta of 2.94. The firm’s fifty day moving average is $2.68 and its two-hundred day moving average is $1.91. The company has a quick ratio of 1.91, a current ratio of 1.93 and a debt-to-equity ratio of 0.01.

AEye (NASDAQ:LIDR – Get Free Report) last issued its earnings results on Thursday, November 6th. The company reported ($0.17) EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.07. The business had revenue of $0.05 million during the quarter, compared to analysts’ expectations of $0.04 million. AEye had a negative net margin of 19,320.88% and a negative return on equity of 219.93%.

Insider Buying and Selling at AEye

In other news, Director Luis Dussan sold 33,616 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $2.68, for a total transaction of $90,090.88. Following the completion of the sale, the director owned 166,132 shares in the company, valued at $445,233.76. This trade represents a 16.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have sold 72,700 shares of company stock valued at $194,117. Corporate insiders own 11.93% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Thompson Davis & CO. Inc. purchased a new position in AEye in the second quarter worth approximately $34,000. Geode Capital Management LLC lifted its stake in shares of AEye by 6.8% in the 2nd quarter. Geode Capital Management LLC now owns 108,323 shares of the company’s stock valued at $112,000 after purchasing an additional 6,873 shares during the last quarter. Benjamin Edwards Inc. purchased a new position in shares of AEye during the 3rd quarter worth $1,026,000. Finally, Vanguard Group Inc. grew its holdings in shares of AEye by 819.6% during the 3rd quarter. Vanguard Group Inc. now owns 676,840 shares of the company’s stock worth $1,685,000 after purchasing an additional 603,241 shares during the period. 21.58% of the stock is currently owned by institutional investors and hedge funds.

About AEye

(Get Free Report)

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.

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