Luminar Technologies, Inc. (NASDAQ:LAZR) Stock Holdings Increased by Barclays PLC

Barclays PLC boosted its holdings in shares of Luminar Technologies, Inc. (NASDAQ:LAZR) by 469.2% in the 3rd quarter, Holdings Channel reports. The firm owned 842,288 shares of the company’s stock after buying an additional 694,315 shares during the period. Barclays PLC’s holdings in Luminar Technologies were worth $757,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. PFG Investments LLC lifted its position in shares of Luminar Technologies by 13.9% during the 2nd quarter. PFG Investments LLC now owns 81,894 shares of the company’s stock valued at $122,000 after acquiring an additional 10,000 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Luminar Technologies by 30.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 54,452 shares of the company’s stock valued at $49,000 after purchasing an additional 12,685 shares during the last quarter. Howard Financial Services LTD. boosted its position in shares of Luminar Technologies by 24.0% in the 3rd quarter. Howard Financial Services LTD. now owns 72,425 shares of the company’s stock valued at $65,000 after purchasing an additional 14,000 shares during the period. Malaga Cove Capital LLC boosted its position in shares of Luminar Technologies by 10.6% in the 2nd quarter. Malaga Cove Capital LLC now owns 148,584 shares of the company’s stock valued at $221,000 after purchasing an additional 14,300 shares during the period. Finally, Fore Capital LLC increased its stake in Luminar Technologies by 50.0% in the 2nd quarter. Fore Capital LLC now owns 45,000 shares of the company’s stock worth $67,000 after purchasing an additional 15,000 shares in the last quarter. 30.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on LAZR shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $15.00 target price on shares of Luminar Technologies in a report on Tuesday, September 10th. Rosenblatt Securities reissued a “neutral” rating and set a $30.00 target price on shares of Luminar Technologies in a research note on Wednesday, October 2nd. The Goldman Sachs Group reduced their target price on Luminar Technologies from $11.25 to $7.50 and set a “sell” rating for the company in a report on Thursday, November 14th. Finally, Craig Hallum lowered their price target on Luminar Technologies from $22.50 to $15.00 and set a “hold” rating on the stock in a report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $50.06.

Luminar Technologies Trading Down 1.5 %

NASDAQ LAZR opened at $5.38 on Wednesday. Luminar Technologies, Inc. has a 1-year low of $4.93 and a 1-year high of $53.48. The firm’s fifty day simple moving average is $9.75 and its 200-day simple moving average is $14.83. The company has a market capitalization of $179.22 million, a PE ratio of -0.40 and a beta of 1.53.

Luminar Technologies (NASDAQ:LAZR) last issued its earnings results on Monday, November 11th. The company reported ($2.40) EPS for the quarter, beating analysts’ consensus estimates of ($3.30) by $0.90. The firm had revenue of $15.49 million during the quarter, compared to analysts’ expectations of $17.70 million. During the same quarter last year, the firm earned ($4.95) EPS. The business’s revenue for the quarter was down 8.6% compared to the same quarter last year. As a group, analysts predict that Luminar Technologies, Inc. will post -14.2 EPS 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.