AEye (NASDAQ:LIDR) Stock Price Down 4.8% – Here’s Why

Shares of AEye, Inc. (NASDAQ:LIDR) fell 4.8% on Monday . The stock traded as low as $1.5650 and last traded at $1.58. 446,458 shares traded hands during mid-day trading, a decline of 25% from the average session volume of 592,664 shares. The stock had previously closed at $1.66.

Analysts Set New Price Targets

A number of brokerages recently commented on LIDR. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AEye in a research note on Monday, December 29th. Wall Street Zen upgraded AEye from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $6.00.

AEye Stock Performance

The company has a fifty day moving average price of $1.93 and a two-hundred day moving average price of $2.40. The company has a market cap of $71.19 million, a P/E ratio of -0.73 and a beta of 2.97.

Insider Buying and Selling at AEye

In related news, Director Luis Dussan sold 32,000 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $2.40, for a total transaction of $76,800.00. Following the transaction, the director directly owned 134,132 shares in the company, valued at approximately $321,916.80. The trade was a 19.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 11.93% of the company’s stock.

Hedge Funds Weigh In On AEye

Institutional investors have recently bought and sold shares of the business. Squarepoint Ops LLC acquired a new position in shares of AEye in the third quarter valued at $33,000. Thompson Davis & CO. Inc. bought a new position in AEye in the second quarter valued at approximately $34,000. Flputnam Investment Management Co. acquired a new position in AEye during the fourth quarter valued at approximately $40,000. Millennium Management LLC acquired a new position in shares of AEye during the 4th quarter worth $64,000. Finally, Two Sigma Investments LP acquired a new position in AEye during the third quarter worth about $95,000. Institutional investors and hedge funds own 21.58% of the company’s stock.

AEye Company Profile

AEye, Inc is a technology company specializing in adaptive LiDAR (Light Detection and Ranging) systems designed to support advanced driver assistance systems (ADAS), autonomous vehicles and other sensing applications. Through its intelligent detection and ranging (iDAR) platform, AEye integrates high-performance sensors with real-time data processing software to deliver customizable sensing ‘pipelines’ that prioritize relevant objects and environmental features. This approach enables longer detection ranges, higher resolution imagery and dynamic field-of-view adjustment, making AEye’s offerings well suited for complex driving environments and safety-critical scenarios.

The company’s core product suite centers on solid-state and hybrid LiDAR sensors that can be configured for a variety of end uses, including passenger vehicles, commercial trucks, robotics, mapping and defense.