Q1 2024 EPS Estimates for Cepton, Inc. Decreased by Northland Capmk (NASDAQ:CPTN)

Cepton, Inc. (NASDAQ:CPTN) – Equities research analysts at Northland Capmk reduced their Q1 2024 earnings per share (EPS) estimates for Cepton in a report issued on Monday, April 1st. Northland Capmk analyst G. Richard now forecasts that the company will post earnings per share of ($0.56) for the quarter, down from their previous forecast of ($0.49). The consensus estimate for Cepton’s current full-year earnings is ($2.05) per share. Northland Capmk also issued estimates for Cepton’s Q2 2024 earnings at ($0.56) EPS, Q3 2024 earnings at ($0.56) EPS, Q4 2024 earnings at ($0.48) EPS and FY2024 earnings at ($2.17) EPS.

Several other equities research analysts also recently commented on the company. Craig Hallum downgraded Cepton from a “buy” rating to a “hold” rating in a report on Thursday, December 14th. Westpark Capital reiterated a “hold” rating on shares of Cepton in a report on Thursday, December 14th.

Cepton Price Performance

Shares of NASDAQ:CPTN opened at $3.25 on Thursday. Cepton has a 1-year low of $2.38 and a 1-year high of $8.90. The business has a fifty day moving average price of $2.66 and a 200-day moving average price of $3.18. The company has a market capitalization of $51.50 million, a PE ratio of -1.07 and a beta of 0.14.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Trellus Management Company LLC purchased a new position in Cepton in the third quarter worth about $220,000. Westerly Capital Management LLC lifted its position in shares of Cepton by 492.7% during the 2nd quarter. Westerly Capital Management LLC now owns 4,000,598 shares of the company’s stock valued at $1,940,000 after buying an additional 3,325,598 shares in the last quarter. Royal Bank of Canada purchased a new position in shares of Cepton during the 1st quarter valued at about $54,000. Bank of New York Mellon Corp purchased a new position in shares of Cepton during the 1st quarter valued at about $53,000. Finally, Jane Street Group LLC purchased a new position in shares of Cepton during the 3rd quarter valued at about $52,000. 68.16% of the stock is owned by hedge funds and other institutional investors.

About Cepton

Cepton, Inc provides lidar-based solutions for automotive, smart cities, smart spaces, and smart industrial applications in the United States, Japan, China, and internationally. The company offers autograde lidar sensors, including Vista-X, a compact lidar solution with a range of up to 200m for long-range applications in ADAS L2+/L3, AV L4/L5, and suitable for smart infrastructure applications; and Nova, an ultra-small form factor lidar solution with a range of up to 30m for near-range applications in ADAS L2+/L3, AV L4/L5, and suitable for smart infrastructure applications.