Quadrature Capital Ltd Takes $67,000 Position in Luminar Technologies, Inc. (NASDAQ:LAZR)

Quadrature Capital Ltd purchased a new stake in Luminar Technologies, Inc. (NASDAQ:LAZRFree Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 19,986 shares of the company’s stock, valued at approximately $67,000.

Other institutional investors also recently modified their holdings of the company. Vahanian & Associates Financial Planning Inc. bought a new stake in shares of Luminar Technologies in the fourth quarter valued at about $41,000. Leo Wealth LLC bought a new stake in shares of Luminar Technologies in the fourth quarter valued at about $43,000. Brave Asset Management Inc. acquired a new stake in shares of Luminar Technologies in the fourth quarter valued at about $49,000. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Luminar Technologies in the fourth quarter valued at about $55,000. Finally, North Star Asset Management Inc. acquired a new stake in shares of Luminar Technologies in the fourth quarter valued at about $74,000. 30.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on LAZR shares. Bank of America reaffirmed an “underperform” rating and issued a $1.20 target price (down previously from $3.50) on shares of Luminar Technologies in a research report on Wednesday, April 10th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $8.00 target price (down previously from $20.00) on shares of Luminar Technologies in a research report on Tuesday, March 26th. Finally, Citigroup lowered their target price on Luminar Technologies from $11.00 to $9.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Luminar Technologies currently has an average rating of “Hold” and a consensus target price of $4.45.

Check Out Our Latest Stock Report on Luminar Technologies

Luminar Technologies Stock Down 8.6 %

Shares of NASDAQ LAZR opened at $1.49 on Friday. The business’s 50 day moving average price is $1.55 and its two-hundred day moving average price is $2.13. The company has a market cap of $663.97 million, a PE ratio of -1.09 and a beta of 1.62. Luminar Technologies, Inc. has a twelve month low of $1.21 and a twelve month high of $8.32.

Luminar Technologies (NASDAQ:LAZRGet Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The company reported ($0.30) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.30). The firm had revenue of $20.97 million for the quarter, compared to the consensus estimate of $22.09 million. As a group, research analysts anticipate that Luminar Technologies, Inc. will post -1 EPS for the current fiscal year.

Luminar Technologies Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Luminar Technologies (NASDAQ:LAZR)

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