AEye (NASDAQ:LIDR) Coverage Initiated at Craig Hallum

Equities researchers at Craig Hallum initiated coverage on shares of AEye (NASDAQ:LIDR) in a research report issued on Friday, Marketbeat.com reports. The brokerage set a “buy” rating and a $3.50 price target on the stock. Craig Hallum’s price target indicates a potential upside of 59.82% from the stock’s previous close.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of AEye in a report on Friday, March 27th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $4.75.

AEye Price Performance

LIDR stock opened at $2.19 on Friday. AEye has a one year low of $0.50 and a one year high of $6.44. The stock has a market cap of $99.31 million, a PE ratio of -1.55 and a beta of 2.87. The firm has a 50 day simple moving average of $1.76 and a two-hundred day simple moving average of $2.11.

AEye (NASDAQ:LIDR) last released its quarterly earnings results on Monday, March 16th. The company reported ($0.17) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.01. AEye had a negative net margin of 14,574.25% and a negative return on equity of 64.69%. The business had revenue of $0.10 million during the quarter, compared to analysts’ expectations of $0.08 million.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in LIDR. State Street Corp raised its holdings in AEye by 685.1% in the 4th 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 in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in AEye in the 4th quarter worth $1,460,000. Vanguard Group Inc. raised its holdings in AEye by 819.6% in the 3rd quarter. Vanguard Group Inc. now owns 676,840 shares of the company’s stock worth $1,685,000 after purchasing an additional 603,241 shares in the last quarter. Benjamin Edwards Inc. bought a new position in shares of AEye in the 3rd quarter worth about $1,026,000. Finally, Jane Street Group LLC bought a new position in shares of AEye in the 4th quarter worth about $504,000. 21.58% of the stock is currently owned by institutional investors.

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.