AEye (NASDAQ:LIDR) Upgraded to Hold at Wall Street Zen

AEye (NASDAQ:LIDR) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Sunday.

A number of other equities research analysts also recently commented on the company. Craig Hallum initiated coverage on AEye in a report on Friday, April 24th. They issued a “buy” rating and a $3.50 price objective for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of AEye in a report on Friday, March 27th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $4.75.

AEye Trading Down 1.2%

NASDAQ LIDR opened at $1.60 on Friday. The stock has a 50-day simple moving average of $1.88 and a 200 day simple moving average of $1.95. The company has a market capitalization of $74.10 million, a PE ratio of -1.42 and a beta of 2.75. AEye has a 12 month low of $0.71 and a 12 month high of $6.44.

AEye (NASDAQ:LIDR) last released its quarterly earnings data on Wednesday, May 13th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.04). The company had revenue of $0.10 million during the quarter, compared to the consensus estimate of $0.28 million. AEye had a negative net margin of 12,698.89% and a negative return on equity of 49.42%.

Institutional Investors Weigh In On AEye

Large investors have recently modified their holdings of the business. Squarepoint Ops LLC bought a new stake in shares of AEye in the third quarter worth about $33,000. Flputnam Investment Management Co. bought a new stake in shares of AEye in the fourth quarter worth about $40,000. Millennium Management LLC bought a new stake in shares of AEye in the fourth quarter worth about $64,000. Two Sigma Investments LP bought a new stake in shares of AEye in the third quarter worth about $95,000. Finally, Renaissance Technologies LLC increased its position in shares of AEye by 289.2% during the fourth quarter. Renaissance Technologies LLC now owns 72,000 shares of the company’s stock worth $132,000 after acquiring an additional 53,500 shares in the last quarter. 21.58% of the stock is currently owned by institutional investors.

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.