Jonathon Husby Buys 10,350 Shares of AEye (NASDAQ:LIDR) Stock

AEye, Inc. (NASDAQ:LIDR) Director Jonathon Husby purchased 10,350 shares of the firm’s stock in a transaction on Wednesday, November 12th. The shares were acquired at an average price of $2.40 per share, for a total transaction of $24,840.00. Following the purchase, the director directly owned 94,608 shares of the company’s stock, valued at approximately $227,059.20. This represents a 12.28% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

AEye Stock Performance

Shares of LIDR stock opened at $2.43 on Friday. AEye, Inc. has a 52-week low of $0.49 and a 52-week high of $6.44. The stock has a market cap of $97.06 million, a price-to-earnings ratio of -1.12 and a beta of 2.94. The firm has a fifty day moving average of $2.66 and a 200-day moving average of $1.93.

AEye (NASDAQ:LIDR) last issued its earnings results on Friday, November 7th. The company reported ($0.17) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.07. The business had revenue of $0.05 million for the quarter, compared to analyst estimates of $0.04 million. AEye had a negative net margin of 19,320.88% and a negative return on equity of 102.95%.

Analyst Ratings Changes

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

Institutional Trading of AEye

Several hedge funds have recently modified their holdings of the company. Thompson Davis & CO. Inc. bought a new position in shares of AEye in the second quarter valued at approximately $34,000. Geode Capital Management LLC increased its holdings in AEye by 6.8% during the 2nd quarter. Geode Capital Management LLC now owns 108,323 shares of the company’s stock valued at $112,000 after purchasing an additional 6,873 shares in the last quarter. UBS Group AG increased its holdings in AEye by 657.5% during the 3rd quarter. UBS Group AG now owns 307,696 shares of the company’s stock valued at $766,000 after purchasing an additional 267,075 shares in the last quarter. Benjamin Edwards Inc. bought a new position in AEye in the 3rd quarter valued at $1,026,000. Finally, Vanguard Group Inc. boosted its stake in AEye by 819.6% in the third quarter. Vanguard Group Inc. now owns 676,840 shares of the company’s stock worth $1,685,000 after purchasing an additional 603,241 shares in the last quarter. Institutional investors and hedge funds own 21.58% of the company’s stock.

About AEye

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.