Northland Securities lowered their price target on Luminar Technologies from $23.00 to $13.00 and set an “outperform” rating for the company in a research note on Thursday, May 19th. Craig Hallum dropped their price objective on Luminar Technologies to $8.00 in a report on Monday, August 15th. Baird dropped their price objective on Luminar Technologies from $30.00 to $15.00 in a report on Wednesday, August 10th. Several analysts have weighed in on the company. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of -10.80 and a beta of 1.70. The company has a debt-to-equity ratio of 6.89, a quick ratio of 11.44 and a current ratio of 11.60. The business has a 50 day simple moving average of $7.36 and a 200 day simple moving average of $10.95. Institutional investors and hedge funds own 58.54% of the company’s stock. Destiny Wealth Partners LLC now owns 5,161 shares of the company’s stock worth $81,000 after purchasing an additional 1,161 shares during the last quarter. Finally, Destiny Wealth Partners LLC raised its holdings in Luminar Technologies by 29.0% during the 1st quarter.

MCF Advisors LLC bought a new stake in Luminar Technologies during the 1st quarter worth about $49,000. Steward Partners Investment Advisory LLC now owns 2,025 shares of the company’s stock worth $32,000 after purchasing an additional 2,000 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in Luminar Technologies by 8,000.0% during the 1st quarter. Prospera Financial Services Inc bought a new stake in Luminar Technologies during the 1st quarter worth about $32,000. now owns 2,005 shares of the company’s stock worth $33,000 after buying an additional 1,931 shares in the last quarter. lifted its position in Luminar Technologies by 2,609.5% during the 4th quarter. Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Teacher Retirement System of Texas’ holdings in Luminar Technologies were worth $586,000 at the end of the most recent quarter. The institutional investor owned 37,502 shares of the company’s stock after buying an additional 3,955 shares during the period. ( NASDAQ:LAZR – Get Rating) by 11.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission.

Teacher Retirement System of Texas increased its stake in shares of Luminar Technologies, Inc.

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