Shares of Luminar Technologies, Inc. (NASDAQ:LAZR – Get Free Report) have received a consensus rating of “Hold” from the seven research firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $3.74.
Several research firms have recently commented on LAZR. The Goldman Sachs Group reduced their target price on shares of Luminar Technologies from $1.50 to $1.00 and set a “sell” rating for the company in a research note on Thursday, July 11th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $1.00 target price on shares of Luminar Technologies in a research note on Tuesday, September 10th. Citigroup cut their price target on shares of Luminar Technologies from $9.00 to $6.00 and set a “buy” rating for the company in a report on Friday, August 16th. JPMorgan Chase & Co. cut their price target on shares of Luminar Technologies from $8.00 to $6.00 and set an “overweight” rating for the company in a report on Monday, August 19th. Finally, Rosenblatt Securities cut their price target on shares of Luminar Technologies from $3.00 to $2.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th.
Check Out Our Latest Stock Analysis on Luminar Technologies
Hedge Funds Weigh In On Luminar Technologies
Luminar Technologies Price Performance
Shares of NASDAQ:LAZR opened at $0.89 on Wednesday. The stock has a market cap of $396.47 million, a P/E ratio of -0.65 and a beta of 1.61. The firm has a fifty day moving average price of $1.16 and a 200 day moving average price of $1.46. Luminar Technologies has a 1-year low of $0.73 and a 1-year high of $4.62.
Luminar Technologies (NASDAQ:LAZR – Get Free Report) last released its earnings results on Tuesday, August 6th. The company reported ($0.18) EPS for the quarter, topping the consensus estimate of ($0.22) by $0.04. The firm had revenue of $16.50 million during the quarter, compared to analyst estimates of $20.36 million. During the same quarter last year, the business posted ($0.37) EPS. The firm’s revenue was up 1.9% on a year-over-year basis. Sell-side analysts expect that Luminar Technologies will post -1 EPS for the current fiscal year.
About Luminar Technologies
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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