Luminar Technologies, Inc. (NASDAQ:LAZR – Get Free Report) has earned a consensus recommendation of “Hold” from the six brokerages that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $4.45.
Several equities analysts recently issued reports on LAZR shares. Rosenblatt Securities decreased their price target on Luminar Technologies from $5.00 to $3.00 and set a “neutral” rating on the stock in a report on Wednesday, February 28th. Bank of America reaffirmed an “underperform” rating and set a $1.20 price target (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 set a $8.00 price target (down previously from $20.00) on shares of Luminar Technologies in a research report on Tuesday, March 26th. The Goldman Sachs Group dropped their price target on Luminar Technologies from $2.00 to $1.50 and set a “sell” rating on the stock in a research report on Thursday, February 29th. Finally, Citigroup dropped their price target 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.
View Our Latest Stock Report on LAZR
Institutional Investors Weigh In On Luminar Technologies
Luminar Technologies Stock Down 2.0 %
Shares of Luminar Technologies stock opened at $1.44 on Monday. The stock has a market capitalization of $641.69 million, a P/E ratio of -1.05 and a beta of 1.62. The stock has a 50 day moving average price of $1.54 and a two-hundred day moving average price of $2.18. Luminar Technologies has a 12-month low of $1.21 and a 12-month high of $8.32.
Luminar Technologies (NASDAQ:LAZR – Get Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The company reported ($0.30) earnings per share for the quarter, meeting the consensus estimate of ($0.30). The business had revenue of $20.97 million during the quarter, compared to the consensus estimate of $22.09 million. Sell-side analysts anticipate that Luminar Technologies will post -0.99 earnings per share for the current 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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