JPMorgan Chase & Co. Purchases Shares of 1,522 Velodyne Lidar, Inc. (NASDAQ:VLDR)

JPMorgan Chase & Co. purchased a new stake in shares of Velodyne Lidar, Inc. (NASDAQ:VLDR) in the 4th quarter, HoldingsChannel reports. The firm purchased 1,522 shares of the company’s stock, valued at approximately $35,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. TCI Wealth Advisors Inc. purchased a new stake in shares of Velodyne Lidar during the fourth quarter worth about $26,000. AdvisorNet Financial Inc purchased a new stake in shares of Velodyne Lidar during the fourth quarter worth about $34,000. Inspire Advisors LLC purchased a new stake in shares of Velodyne Lidar during the fourth quarter worth about $34,000. Sowell Financial Services LLC purchased a new stake in shares of Velodyne Lidar during the fourth quarter worth about $44,000. Finally, Patriot Financial Group Insurance Agency LLC purchased a new stake in shares of Velodyne Lidar during the fourth quarter worth about $52,000. Institutional investors and hedge funds own 6.98% of the company’s stock.

Several analysts have commented on VLDR shares. Needham & Company LLC lowered their price objective on shares of Velodyne Lidar from $20.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday. The Goldman Sachs Group started coverage on shares of Velodyne Lidar in a report on Monday, April 26th. They issued a “neutral” rating and a $13.00 price objective for the company. Berenberg Bank restated a “hold” rating and issued a $16.00 price objective on shares of Velodyne Lidar in a report on Thursday, March 18th. Craig Hallum lowered shares of Velodyne Lidar from a “buy” rating to a “hold” rating and set a $13.00 price objective for the company. in a report on Tuesday, March 30th. Finally, Zacks Investment Research upgraded shares of Velodyne Lidar from a “sell” rating to a “hold” rating in a report on Wednesday, April 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $22.22.

Shares of NASDAQ VLDR opened at $9.68 on Friday. Velodyne Lidar, Inc. has a fifty-two week low of $8.97 and a fifty-two week high of $32.50. The company has a 50 day simple moving average of $12.93 and a two-hundred day simple moving average of $17.19.

Velodyne Lidar (NASDAQ:VLDR) last announced its quarterly earnings results on Monday, May 10th. The company reported ($0.14) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.02). The company had revenue of $17.70 million for the quarter, compared to the consensus estimate of $14.90 million. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.19) earnings per share. On average, sell-side analysts anticipate that Velodyne Lidar, Inc. will post -1.49 EPS for the current year.

Velodyne Lidar Company Profile

Velodyne Lidar, Inc provides real-time three-dimensional vision for autonomous systems worldwide. It offers a broad lineup of surround-view lidar to support numerous end applications, including autonomous vehicles, drones, security, and mapping; and solid state lidar technology that combine the high reliability and long lifetime of traditional micro electro-mechanical systems solutions.

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Institutional Ownership by Quarter for Velodyne Lidar (NASDAQ:VLDR)

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