AEye (NASDAQ:LIDR) Stock Price Down 4.8% – What’s Next?

AEye, Inc. (NASDAQ:LIDR)’s share price was down 4.8% on Monday . The company traded as low as $1.5650 and last traded at $1.58. Approximately 446,458 shares were traded during mid-day trading, a decline of 25% from the average daily volume of 592,664 shares. The stock had previously closed at $1.66.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AEye in a research report on Monday, December 29th. Wall Street Zen raised AEye from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $6.00.

AEye Trading Down 4.8%

The firm has a market capitalization of $71.19 million, a price-to-earnings ratio of -0.73 and a beta of 2.97. The stock has a fifty day moving average price of $1.93 and a 200-day moving average price of $2.40.

Insider Transactions at AEye

In other AEye news, Director Luis Dussan sold 32,000 shares of AEye stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $2.40, for a total transaction of $76,800.00. Following the completion of the transaction, the director directly owned 134,132 shares of the company’s stock, valued at approximately $321,916.80. This trade represents a 19.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 11.93% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On AEye

Institutional investors have recently bought and sold shares of the business. State Street Corp grew its holdings in shares of AEye by 685.1% during the fourth quarter. State Street Corp now owns 1,573,781 shares of the company’s stock worth $2,896,000 after purchasing an additional 1,373,334 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in AEye during the 4th quarter worth about $1,460,000. Vanguard Group Inc. grew its holdings in AEye by 819.6% during the 3rd quarter. Vanguard Group Inc. now owns 676,840 shares of the company’s stock worth $1,685,000 after acquiring an additional 603,241 shares during the last quarter. Benjamin Edwards Inc. acquired a new stake in AEye in the 3rd quarter valued at about $1,026,000. Finally, Jane Street Group LLC acquired a new position in shares of AEye during the fourth quarter worth approximately $504,000. Institutional investors own 21.58% of the company’s stock.

About AEye

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.