AEye (NASDAQ:LIDR) Releases Earnings Results, Misses Expectations By $0.04 EPS

AEye (NASDAQ:LIDR) posted its quarterly earnings data on Wednesday. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.04), FiscalAI reports. AEye had a negative return on equity of 64.69% and a negative net margin of 14,574.25%.The firm had revenue of $0.10 million during the quarter, compared to the consensus estimate of $0.28 million.

AEye Trading Up 13.0%

Shares of AEye stock traded up $0.28 on Wednesday, reaching $2.43. 4,973,717 shares of the company were exchanged, compared to its average volume of 3,398,725. The stock has a fifty day moving average price of $1.84 and a 200-day moving average price of $2.04. The firm has a market capitalization of $110.19 million, a price-to-earnings ratio of -1.72 and a beta of 2.80. AEye has a fifty-two week low of $0.65 and a fifty-two week high of $6.44.

Institutional Investors Weigh In On AEye

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC grew its holdings in shares of AEye by 6.8% during the second quarter. Geode Capital Management LLC now owns 108,323 shares of the company’s stock valued at $112,000 after buying an additional 6,873 shares in the last quarter. Squarepoint Ops LLC purchased a new position in shares of AEye during the third quarter valued at $33,000. Millennium Management LLC purchased a new position in shares of AEye during the fourth quarter valued at $64,000. Two Sigma Investments LP acquired a new stake in shares of AEye during the 3rd quarter valued at $95,000. Finally, Renaissance Technologies LLC boosted its stake in shares of AEye by 289.2% during the 4th quarter. Renaissance Technologies LLC now owns 72,000 shares of the company’s stock valued at $132,000 after buying an additional 53,500 shares during the period. 21.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AEye in a research report on Friday, March 27th. Craig Hallum assumed coverage on AEye in a research report on Friday, April 24th. They set a “buy” rating and a $3.50 target price on the stock. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, AEye currently has an average rating of “Hold” and an average price target of $4.75.

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.