Barclays PLC Has $757,000 Stake in Luminar Technologies, Inc. (NASDAQ:LAZR)

Barclays PLC grew its holdings in Luminar Technologies, Inc. (NASDAQ:LAZR) by 469.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 842,288 shares of the company’s stock after purchasing an additional 694,315 shares during the quarter. Barclays PLC owned about 2.53% of Luminar Technologies worth $757,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. PEAK6 Investments LLC acquired a new stake in Luminar Technologies in the 3rd quarter valued at approximately $25,000. Invst LLC acquired a new stake in shares of Luminar Technologies in the second quarter worth $28,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Luminar Technologies in the 3rd quarter valued at $31,000. Tyler Stone Wealth Management grew its position in Luminar Technologies by 70.5% in the 3rd quarter. Tyler Stone Wealth Management now owns 37,000 shares of the company’s stock worth $33,000 after purchasing an additional 15,300 shares during the last quarter. Finally, Point72 DIFC Ltd bought a new position in shares of Luminar Technologies during the 3rd quarter worth about $40,000. 30.99% of the stock is currently owned by institutional investors.

Luminar Technologies Price Performance

Shares of LAZR stock opened at $7.47 on Thursday. The stock’s fifty day simple moving average is $8.68 and its 200 day simple moving average is $13.80. Luminar Technologies, Inc. has a one year low of $4.93 and a one year high of $45.68. The firm has a market cap of $248.85 million, a price-to-earnings ratio of -0.56 and a beta of 1.60.

Luminar Technologies (NASDAQ:LAZR) last issued its earnings results on Monday, November 11th. The company reported ($2.40) EPS for the quarter, beating the consensus estimate of ($3.30) by $0.90. The firm had revenue of $15.49 million during the quarter, compared to analyst estimates of $17.70 million. During the same quarter in the prior year, the firm posted ($4.95) EPS. The firm’s revenue for the quarter was down 8.6% on a year-over-year basis. On average, research analysts anticipate that Luminar Technologies, Inc. will post -14.2 earnings per share for the current year.

Analysts Set New Price Targets

LAZR has been the topic of a number of recent research reports. The Goldman Sachs Group decreased their target price on Luminar Technologies from $11.25 to $7.50 and set a “sell” rating on the stock in a research report on Thursday, November 14th. Craig Hallum decreased their price objective on Luminar Technologies from $22.50 to $15.00 and set a “hold” rating on the stock in a report on Tuesday, November 12th. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $30.00 target price on shares of Luminar Technologies in a research note on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $50.06.

Luminar Technologies Company 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.