Squarepoint Ops LLC Makes New Investment in Neonode Inc. (NASDAQ:NEON)

Squarepoint Ops LLC purchased a new stake in Neonode Inc. (NASDAQ:NEON) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 13,012 shares of the electronics maker’s stock, valued at approximately $107,000. Squarepoint Ops LLC owned 0.08% of Neonode as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new stake in Neonode during the 4th quarter worth approximately $25,000. Jane Street Group LLC raised its stake in shares of Neonode by 81.5% in the fourth quarter. Jane Street Group LLC now owns 19,962 shares of the electronics maker’s stock valued at $164,000 after acquiring an additional 8,962 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Neonode in the fourth quarter valued at $173,000. Geode Capital Management LLC boosted its holdings in Neonode by 8.5% in the fourth quarter. Geode Capital Management LLC now owns 136,678 shares of the electronics maker’s stock valued at $1,125,000 after purchasing an additional 10,732 shares during the period. Finally, Northern Trust Corp grew its stake in Neonode by 654.4% during the 4th quarter. Northern Trust Corp now owns 158,709 shares of the electronics maker’s stock worth $1,306,000 after purchasing an additional 137,671 shares in the last quarter. 11.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of Neonode from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd.

Neonode Price Performance

Shares of NASDAQ NEON opened at $10.03 on Tuesday. The company has a market cap of $168.33 million, a PE ratio of -14.13 and a beta of 0.42. Neonode Inc. has a 1-year low of $1.90 and a 1-year high of $15.00. The stock has a fifty day moving average price of $9.97 and a 200 day moving average price of $8.95.

Neonode (NASDAQ:NEON) last announced its quarterly earnings results on Wednesday, May 14th. The electronics maker reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.03). Neonode had a negative net margin of 252.78% and a negative return on equity of 67.67%. The company had revenue of $0.51 million during the quarter, compared to analysts’ expectations of $0.65 million. Analysts anticipate that Neonode Inc. will post -0.42 earnings per share for the current fiscal year.

Neonode Company Profile

Neonode Inc, together with its subsidiaries, develops optical sensing solutions for contactless touch, touch, and gesture sensing in the United States, Japan, South Korea, Germany, Switzerland, France, Sweden, China, and internationally. It also offers software solutions for machine perception to detect and track persons and objects in video streams from cameras and other types of imagers.