XTX Topco Ltd Invests $105,000 in Luminar Technologies, Inc. (NASDAQ:LAZR)

XTX Topco Ltd acquired a new stake in shares of Luminar Technologies, Inc. (NASDAQ:LAZR) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 70,593 shares of the company’s stock, valued at approximately $105,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Luminar Technologies by 7.0% in the 4th quarter. Vanguard Group Inc. now owns 25,705,363 shares of the company’s stock worth $86,627,000 after buying an additional 1,671,708 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in Luminar Technologies in the 1st quarter valued at about $214,000. Leo Wealth LLC bought a new position in shares of Luminar Technologies during the 4th quarter valued at about $43,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Luminar Technologies by 0.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,865,578 shares of the company’s stock worth $3,675,000 after purchasing an additional 14,604 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Luminar Technologies by 30.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 149,030 shares of the company’s stock worth $294,000 after purchasing an additional 34,566 shares in the last quarter. Institutional investors own 30.99% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $1.00 price target on shares of Luminar Technologies in a research report on Tuesday, September 10th. The Goldman Sachs Group decreased their target price on Luminar Technologies from $1.50 to $1.00 and set a “sell” rating on the stock in a report on Thursday, July 11th. Citigroup reduced their target price on Luminar Technologies from $9.00 to $6.00 and set a “buy” rating for the company in a report on Friday, August 16th. Westpark Capital reissued a “buy” rating and issued a $9.00 price target on shares of Luminar Technologies in a research note on Tuesday, August 6th. Finally, Rosenblatt Securities reduced their price objective on shares of Luminar Technologies from $3.00 to $2.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $3.74.

Luminar Technologies Stock Down 8.9 %

NASDAQ LAZR opened at $0.82 on Wednesday. The stock has a market capitalization of $365.37 million, a PE ratio of -0.60 and a beta of 1.61. Luminar Technologies, Inc. has a 12-month low of $0.73 and a 12-month high of $4.57. The company has a 50 day moving average price of $1.04 and a two-hundred day moving average price of $1.42.

Luminar Technologies (NASDAQ:LAZR) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.18) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.04. The company had revenue of $16.50 million during the quarter, compared to the consensus estimate of $20.36 million. During the same period in the previous year, the business posted ($0.37) earnings per share. The firm’s revenue was up 1.9% on a year-over-year basis. As a group, equities analysts anticipate that Luminar Technologies, Inc. will post -0.97 EPS for the current year.

Luminar Technologies Profile

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.