Luminar TechnologiesLAZR
About: Luminar Technologies Inc is an automotive technology company ushering in a new era of vehicle safety and autonomy. It operates its business through the following segments: Autonomy Solutions and advanced Technologies and Services. The majority of revenue is earned from the Autonomy Solutions segment which engaged in the design, manufacturing, and sale of LiDAR sensors catering mainly to the OEMs in the automobile, commercial vehicle, robo-taxi, and adjacent industries and advanced Technologies and Services provides semiconductors and related components, as well as design, test and consulting services to the Autonomy Solutions segment and various third-party customers, including government agencies and defense contractors, in markets generally unrelated to autonomous vehicles.
Employees: 800
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
12% more call options, than puts
Call options by funds: $7.32M | Put options by funds: $6.54M
5.64% less ownership
Funds ownership: 36.46% [Q2] → 30.82% (-5.64%) [Q3]
7% less funds holding
Funds holding: 250 [Q2] → 233 (-17) [Q3]
15% less repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 67
33% less first-time investments, than exits
New positions opened: 35 | Existing positions closed: 52
40% less capital invested
Capital invested by funds: $189M [Q2] → $113M (-$76.1M) [Q3]
50% less funds holding in top 10
Funds holding in top 10: 2 [Q2] → 1 (-1) [Q3]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Goldman Sachs Mark Delaney 58% 1-year accuracy 18 / 31 met price target | 42%upside $7.50 | Sell Maintained | 14 Nov 2024 |
Craig-Hallum Richard Shannon 79% 1-year accuracy 33 / 42 met price target | 183%upside $15 | Hold Maintained | 12 Nov 2024 |
Rosenblatt Kevin Cassidy 56% 1-year accuracy 30 / 54 met price target | 466%upside $30 | Neutral Maintained | 2 Oct 2024 |
Financial journalist opinion
Based on 5 articles about LAZR published over the past 30 days
