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

Wall Street Zen upgraded shares of AEye (NASDAQ:LIDRFree Report) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

AEye Trading Up 2.8%

NASDAQ:LIDR opened at $0.77 on Friday. AEye has a 1-year low of $0.49 and a 1-year high of $4.30. The business’s 50-day moving average price is $0.68 and its two-hundred day moving average price is $0.90. The company has a current ratio of 2.26, a quick ratio of 2.24 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $14.78 million, a price-to-earnings ratio of -0.16 and a beta of 2.63.

Hedge Funds Weigh In On AEye

Several hedge funds have recently added to or reduced their stakes in the stock. Two Sigma Investments LP lifted its stake in AEye by 462.0% in the fourth quarter. Two Sigma Investments LP now owns 74,736 shares of the company’s stock valued at $95,000 after buying an additional 61,437 shares during the period. Millennium Management LLC acquired a new stake in shares of AEye during the fourth quarter worth about $32,000. Citadel Advisors LLC acquired a new stake in shares of AEye during the fourth quarter worth about $92,000. Two Sigma Securities LLC acquired a new stake in shares of AEye during the fourth quarter worth about $66,000. Finally, Geode Capital Management LLC raised its position in shares of AEye by 19.7% during the fourth quarter. Geode Capital Management LLC now owns 77,585 shares of the company’s stock worth $99,000 after purchasing an additional 12,779 shares during the period. Institutional investors and hedge funds own 21.58% of the company’s stock.

About AEye

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AEye, Inc, together with its subsidiaries, provides lidar systems for vehicle autonomy, advanced driver-assistance systems, and robotic vision applications in the United States, Europe, and Asia-Pacific. It offers 4Sight intelligent sensing lidar platform, including 4Sight at Design, Triggered 4Sight, Responsive 4Sight, and Predictive 4Sight; and 4Sight for automotive and industrial market.

Further Reading

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