In other news, insider Alan Prescott sold 37,433 shares of the stock in a transaction that occurred on Monday, June 5th. According to data from, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $12.42. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. Finally, Citigroup lowered their target price on shares of Luminar Technologies from $19.00 to $18.00 in a report on Tuesday, May 16th. The Goldman Sachs Group lowered their target price on shares of Luminar Technologies from $5.00 to $4.50 and set a “sell” rating for the company in a report on Thursday, April 13th. They set a “buy” rating and a $12.00 target price for the company. Jefferies Financial Group assumed coverage on shares of Luminar Technologies in a report on Tuesday, April 25th. TD Cowen lowered their target price on shares of Luminar Technologies from $12.00 to $10.00 and set an “outperform” rating for the company in a report on Wednesday, May 10th. Wall Street Analysts Forecast GrowthĪ number of analysts have commented on the stock. will post -1.26 EPS for the current year. Sell-side analysts forecast that Luminar Technologies, Inc. The firm had revenue of $14.51 million for the quarter, compared to analysts’ expectations of $13.23 million. Luminar Technologies had a negative return on equity of 8,821.02% and a negative net margin of 1,043.14%. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.36) by ($0.03). Luminar Technologies ( NASDAQ:LAZR – Get Free Report) last posted its quarterly earnings data on Tuesday, May 9th. 64.42% of the stock is owned by institutional investors and hedge funds. Northern Trust Corp now owns 2,724,014 shares of the company’s stock valued at $16,154,000 after purchasing an additional 1,628,847 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Luminar Technologies by 148.7% in the second quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Luminar Technologies in the fourth quarter valued at approximately $8,734,000. now owns 7,745,035 shares of the company’s stock valued at $38,338,000 after purchasing an additional 1,928,021 shares in the last quarter. increased its holdings in shares of Luminar Technologies by 33.1% in the fourth quarter. Norges Bank acquired a new stake in shares of Luminar Technologies in the fourth quarter valued at approximately $10,381,000. State Street Corp now owns 4,570,495 shares of the company’s stock valued at $27,103,000 after acquiring an additional 2,991,427 shares during the period. State Street Corp boosted its holdings in Luminar Technologies by 189.4% during the second quarter. Other hedge funds have also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc.’s holdings in Luminar Technologies were worth $943,000 at the end of the most recent quarter. The fund owned 145,320 shares of the company’s stock after buying an additional 18,433 shares during the quarter. ( NASDAQ:LAZR – Free Report) by 14.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). boosted its holdings in shares of Luminar Technologies, Inc. Raymond James Financial Services Advisors Inc.
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