In a report released today, Richard Shannon from Craig-Hallum maintained a Hold rating on Luminar Technologies (LAZR – Research Report), with a price target of $4.00. The company’s shares opened today at $3.38.
According to TipRanks, Shannon is an analyst with an average return of -3.6% and a 35.85% success rate. Shannon covers the Technology sector, focusing on stocks such as Coherent Corp, IonQ, and Emcore.
Luminar Technologies has an analyst consensus of Moderate Buy, with a price target consensus of $7.40, an 118.93% upside from current levels. In a report released today, Rosenblatt Securities also maintained a Hold rating on the stock with a $5.00 price target.
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The company has a one-year high of $10.55 and a one-year low of $3.03. Currently, Luminar Technologies has an average volume of 4.67M.
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LAZR in relation to earlier this year.
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Luminar Technologies (LAZR) Company Description:
Luminar is an automotive technology company providing LiDAR hardware and software products to enable vehicle safety and autonomy. The company, through its Autonomy Solutions segment, manufactures and distributes LiDAR sensors. Further, Luminar’s Advanced Technologies and Services division develops application-specific integrated circuits, advanced lasers, and pixel-based sensors.
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