Luminar Technologies, Inc. (NASDAQ:LAZR) Stock Holdings Lifted by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC raised its position in shares of Luminar Technologies, Inc. (NASDAQ:LAZRFree Report) by 8.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,422 shares of the company’s stock after purchasing an additional 10,394 shares during the period. Sequoia Financial Advisors LLC’s holdings in Luminar Technologies were worth $275,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. lifted its stake in Luminar Technologies by 23.7% in the first quarter. Principal Financial Group Inc. now owns 39,157 shares of the company’s stock valued at $77,000 after acquiring an additional 7,510 shares during the last quarter. PFG Investments LLC acquired a new position in Luminar Technologies during the first quarter worth $142,000. Howard Financial Services LTD. boosted its stake in shares of Luminar Technologies by 100.0% during the 1st quarter. Howard Financial Services LTD. now owns 50,000 shares of the company’s stock worth $98,000 after acquiring an additional 25,000 shares in the last quarter. 180 Wealth Advisors LLC increased its holdings in shares of Luminar Technologies by 65.1% during the 1st quarter. 180 Wealth Advisors LLC now owns 20,702 shares of the company’s stock valued at $41,000 after acquiring an additional 8,161 shares during the last quarter. Finally, Global Assets Advisory LLC lifted its holdings in Luminar Technologies by 110.0% in the 1st quarter. Global Assets Advisory LLC now owns 42,000 shares of the company’s stock worth $83,000 after purchasing an additional 22,000 shares during the last quarter. 30.99% of the stock is currently owned by institutional investors and hedge funds.

Luminar Technologies Price Performance

Luminar Technologies stock opened at $1.53 on Wednesday. The business has a 50 day simple moving average of $1.56 and a 200 day simple moving average of $2.04. Luminar Technologies, Inc. has a one year low of $1.21 and a one year high of $8.32. The company has a market capitalization of $681.80 million, a PE ratio of -1.12 and a beta of 1.62.

Luminar Technologies (NASDAQ:LAZRGet Free Report) last posted its earnings results on Tuesday, May 7th. The company reported ($0.30) earnings per share for the quarter, hitting the consensus estimate of ($0.30). The firm had revenue of $20.97 million during the quarter, compared to the consensus estimate of $22.09 million. Equities analysts anticipate that Luminar Technologies, Inc. will post -1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on LAZR shares. Bank of America reiterated an “underperform” rating and issued a $1.20 target price (down previously from $3.50) on shares of Luminar Technologies in a report on Wednesday, April 10th. JPMorgan Chase & Co. restated an “overweight” rating and issued a $8.00 price objective (down previously from $20.00) on shares of Luminar Technologies in a research note on Tuesday, March 26th. Finally, Citigroup cut their target price on shares of Luminar Technologies from $11.00 to $9.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $4.45.

Check Out Our Latest Research Report on LAZR

Luminar Technologies Company Profile

(Free Report)

Luminar Technologies, Inc, an automotive technology company, provides sensor technologies and software for passenger cars and commercial trucks in North America, the Asia Pacific, Europe, and the Middle East. It operates in two segments, Autonomy Solutions and Advanced Technologies and Services. The Autonomy Solutions segment designs, manufactures, and sells laser imaging, detection, and ranging sensors or lidars, as well as related perception and autonomy software solutions primarily for original equipment manufacturers in the automobile, commercial vehicle, robo-taxi, and adjacent industries.

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Institutional Ownership by Quarter for Luminar Technologies (NASDAQ:LAZR)

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