AEye (NASDAQ:LIDR) Coverage Initiated at Craig Hallum

Equities research analysts at Craig Hallum started coverage on shares of AEye (NASDAQ:LIDR) in a research note issued on Friday, Marketbeat.com reports. The firm set a “buy” rating and a $3.50 price target on the stock. Craig Hallum’s price objective points to a potential upside of 57.16% from the stock’s current price.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of AEye in a research note on Friday, March 27th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, AEye currently has a consensus rating of “Hold” and a consensus target price of $4.75.

AEye Trading Up 23.0%

Shares of LIDR opened at $2.23 on Friday. The firm has a market capitalization of $100.99 million, a price-to-earnings ratio of -1.58 and a beta of 2.87. AEye has a twelve month low of $0.50 and a twelve month high of $6.44. The firm’s fifty day simple moving average is $1.75 and its 200-day simple moving average is $2.12.

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

Hedge Funds Weigh In On AEye

Institutional investors have recently made changes to their positions in the business. Benjamin Edwards Inc. acquired a new position in shares of AEye during the third quarter worth approximately $1,026,000. Geode Capital Management LLC lifted its position in shares of AEye by 29.1% during the 4th quarter. Geode Capital Management LLC now owns 509,717 shares of the company’s stock worth $938,000 after buying an additional 114,958 shares during the period. State Street Corp grew its position in AEye by 685.1% in the fourth quarter. State Street Corp now owns 1,573,781 shares of the company’s stock valued at $2,896,000 after acquiring an additional 1,373,334 shares during the period. Vanguard Group Inc. raised its stake in AEye by 819.6% during the third 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 in the last quarter. Finally, UBS Group AG lifted its holdings in shares of AEye by 657.5% during the third quarter. UBS Group AG now owns 307,696 shares of the company’s stock valued at $766,000 after acquiring an additional 267,075 shares during the period. 21.58% of the stock is currently owned by institutional investors.

AEye Company Profile

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.