Insider Buying: AEye (NASDAQ:LIDR) Director Buys 10,350 Shares of Stock

AEye, Inc. (NASDAQ:LIDR) Director Jonathon Husby purchased 10,350 shares of the business’s stock in a transaction on Wednesday, November 12th. The stock was bought at an average cost of $2.40 per share, for a total transaction of $24,840.00. Following the purchase, the director owned 94,608 shares of the company’s stock, valued at approximately $227,059.20. This represents a 12.28% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

AEye Trading Up 0.4%

Shares of LIDR stock traded up $0.01 during trading hours on Wednesday, hitting $2.48. 885,503 shares of the company were exchanged, compared to its average volume of 7,169,938. AEye, Inc. has a 52 week low of $0.49 and a 52 week high of $6.44. The business has a 50 day moving average of $2.66 and a two-hundred day moving average of $1.93. The company has a market capitalization of $99.05 million, a PE ratio of -1.14 and a beta of 2.94.

AEye (NASDAQ:LIDR) last released its earnings results on Thursday, November 6th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.07. The firm had revenue of $0.05 million during the quarter, compared to analysts’ expectations of $0.04 million. AEye had a negative return on equity of 102.95% and a negative net margin of 19,320.88%.

Institutional Investors Weigh In On AEye

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of AEye by 819.6% in the third quarter. Vanguard Group Inc. now owns 676,840 shares of the company’s stock valued at $1,685,000 after acquiring an additional 603,241 shares in the last quarter. Geode Capital Management LLC raised its stake in AEye by 6.8% in the 2nd quarter. Geode Capital Management LLC now owns 108,323 shares of the company’s stock worth $112,000 after purchasing an additional 6,873 shares in the last quarter. Benjamin Edwards Inc. bought a new stake in AEye in the 3rd quarter valued at about $1,026,000. Finally, Thompson Davis & CO. Inc. acquired a new position in shares of AEye during the 2nd quarter worth approximately $34,000. Institutional investors own 21.58% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Alliance Global Partners started coverage on shares of AEye in a research report on Monday, September 8th. They set a “buy” rating and a $6.00 price target on the stock. Wall Street Zen raised AEye from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AEye in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $6.00.

AEye Company Profile

AEye, Inc, together with its subsidiaries, provides lidar systems for vehicle autonomy, advanced driver-assistance systems, and robotic vision applications in the United States, Europe, and Asia-Pacific. It offers 4Sight intelligent sensing lidar platform, including 4Sight at Design, Triggered 4Sight, Responsive 4Sight, and Predictive 4Sight; and 4Sight for automotive and industrial market.