Shares of Luminar Technologies, Inc. (NASDAQ:LAZR – Get Free Report) have earned an average recommendation of “Hold” from the seven analysts that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $4.89.
Several equities analysts recently weighed in on the company. Rosenblatt Securities cut their price objective on Luminar Technologies from $3.00 to $2.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Citigroup cut their price target on Luminar Technologies from $11.00 to $9.00 and set a “buy” rating for the company in a report on Thursday, May 9th. The Goldman Sachs Group lowered their price objective on shares of Luminar Technologies from $1.50 to $1.00 and set a “sell” rating on the stock in a research note on Thursday, July 11th. Finally, Westpark Capital reiterated a “buy” rating and set a $9.00 target price on shares of Luminar Technologies in a research note on Tuesday, August 6th.
Read Our Latest Report on LAZR
Institutional Inflows and Outflows
Luminar Technologies Stock Up 1.4 %
Shares of LAZR stock opened at $0.91 on Tuesday. Luminar Technologies has a 12 month low of $0.79 and a 12 month high of $6.38. The company has a market cap of $407.52 million, a PE ratio of -0.67 and a beta of 1.62. The business’s 50 day moving average is $1.51 and its two-hundred day moving average is $1.81.
Luminar Technologies (NASDAQ:LAZR – Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The company reported ($0.18) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.04. The firm had revenue of $16.50 million for the quarter, compared to the consensus estimate of $20.36 million. Luminar Technologies’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the company posted ($0.37) earnings per share. As a group, equities analysts expect that Luminar Technologies will post -1 EPS for the current fiscal year.
Luminar Technologies Company Profile
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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