AEye (NASDAQ:LIDR) Rating Lowered to Sell at Wall Street Zen

AEye (NASDAQ:LIDR) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

LIDR has been the subject of a number of other research reports. Craig Hallum started coverage on AEye in a research report on Friday, April 24th. They set a “buy” rating and a $3.50 target price for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of AEye in a report on Friday, March 27th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, AEye presently has a consensus rating of “Hold” and an average target price of $4.75.

AEye Stock Down 8.2%

LIDR stock opened at $1.80 on Friday. The company has a market cap of $83.36 million, a P/E ratio of -1.59 and a beta of 2.75. AEye has a twelve month low of $0.71 and a twelve month high of $6.44. The business has a fifty day moving average of $1.90 and a 200-day moving average of $1.98.

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

Institutional Investors Weigh In On AEye

Several large investors have recently modified their holdings of the business. Renaissance Technologies LLC increased its holdings in shares of AEye by 1,836.8% in the first quarter. Renaissance Technologies LLC now owns 1,394,472 shares of the company’s stock worth $2,524,000 after acquiring an additional 1,322,472 shares in the last quarter. Connective Capital Management LLC bought a new stake in shares of AEye in the fourth quarter worth about $256,000. XTX Topco Ltd bought a new stake in shares of AEye in the fourth quarter worth about $133,000. Millennium Management LLC bought a new stake in shares of AEye in the fourth quarter worth about $64,000. Finally, State Street Corp increased its holdings in shares of AEye by 685.1% in the fourth quarter. State Street Corp now owns 1,573,781 shares of the company’s stock worth $2,896,000 after acquiring an additional 1,373,334 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.