Velodyne Lidar (VLDR) Scheduled to Post Earnings on Thursday

Velodyne Lidar (NASDAQ:VLDRGet Rating) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, May 5th. Analysts expect Velodyne Lidar to post earnings of ($0.23) per share for the quarter. Velodyne Lidar has set its Q1 2022 guidance at EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Velodyne Lidar (NASDAQ:VLDRGet Rating) last released its quarterly earnings results on Monday, February 28th. The company reported ($0.19) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.19). Velodyne Lidar had a negative net margin of 345.08% and a negative return on equity of 63.01%. The business had revenue of $17.50 million for the quarter, compared to analyst estimates of $16.55 million. During the same quarter in the previous year, the business earned ($0.64) earnings per share. The firm’s revenue was down 1.7% compared to the same quarter last year. On average, analysts expect Velodyne Lidar to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Velodyne Lidar stock opened at $1.87 on Thursday. Velodyne Lidar has a 52 week low of $1.85 and a 52 week high of $14.73. The firm has a market capitalization of $370.53 million, a price-to-earnings ratio of -1.68 and a beta of 0.88. The company has a 50 day moving average price of $2.55 and a 200 day moving average price of $4.23.

VLDR has been the subject of several recent analyst reports. Craig Hallum cut Velodyne Lidar from a “hold” rating to a “sell” rating and decreased their target price for the stock from $3.50 to $2.50 in a research report on Tuesday, March 1st. Zacks Investment Research upgraded Velodyne Lidar from a “sell” rating to a “hold” rating in a report on Saturday, April 16th. Needham & Company LLC decreased their price target on shares of Velodyne Lidar from $7.50 to $5.90 and set a “buy” rating for the company in a report on Tuesday, March 1st. Finally, Citigroup dropped their price objective on shares of Velodyne Lidar from $8.00 to $4.50 in a research note on Wednesday, January 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Velodyne Lidar currently has an average rating of “Hold” and a consensus price target of $6.98.

In other Velodyne Lidar news, Director Christopher Albert Thomas acquired 20,000 shares of the firm’s stock in a transaction that occurred on Monday, March 14th. The stock was purchased at an average cost of $2.09 per share, for a total transaction of $41,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder David S. Hall sold 6,000,000 shares of the stock in a transaction on Thursday, March 3rd. The stock was sold at an average price of $3.07, for a total transaction of $18,420,000.00. The disclosure for this sale can be found here. In the last three months, insiders purchased 95,000 shares of company stock valued at $210,200 and sold 25,771,575 shares valued at $59,483,807. Insiders own 13.30% of the company’s stock.

Several large investors have recently added to or reduced their stakes in VLDR. BlackRock Inc. grew its position in shares of Velodyne Lidar by 22.6% in the fourth quarter. BlackRock Inc. now owns 5,848,890 shares of the company’s stock valued at $27,141,000 after purchasing an additional 1,079,557 shares during the last quarter. State Street Corp grew its holdings in Velodyne Lidar by 51.1% in the 4th quarter. State Street Corp now owns 2,811,594 shares of the company’s stock valued at $13,046,000 after buying an additional 950,786 shares during the last quarter. Millennium Management LLC grew its holdings in Velodyne Lidar by 113.8% in the 4th quarter. Millennium Management LLC now owns 1,392,649 shares of the company’s stock valued at $6,462,000 after buying an additional 741,271 shares during the last quarter. Bank of America Corp DE increased its position in Velodyne Lidar by 970.6% in the 4th quarter. Bank of America Corp DE now owns 340,312 shares of the company’s stock worth $1,579,000 after buying an additional 308,524 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Velodyne Lidar by 18.9% during the fourth quarter. Geode Capital Management LLC now owns 1,666,230 shares of the company’s stock worth $7,731,000 after buying an additional 264,393 shares during the last quarter. 15.83% of the stock is currently owned by institutional investors.

About Velodyne Lidar (Get Rating)

Velodyne Lidar, Inc provides real-time 3D vision for autonomous systems worldwide. It offers surround-view lidar for autonomous vehicles, drones, security, mobile robots, and mapping applications; and solid state lidar for advanced driver assistance systems and autonomous applications. The company also provides Vella Development Kit that provides access to lidar-based perception software paired with sensors; Intelligent Infrastructure Solution for monitoring traffic networks and public spaces to generate real-time data analytics and predictions for enhancing traffic and crowd flow efficiency; and Vella software solution, a data curation software platform.

See Also

Earnings History for Velodyne Lidar (NASDAQ:VLDR)

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