---
title: "Luminar Technologies (NASDAQ:LAZR) Shares Gap Down to $1.34"
description: "Luminar Technologies (NASDAQ: LAZR) shares gap down to $1.34. Analyst ratings changes and price targets have been adjusted for the company. Luminar Technologies reported earnings per share of ($0.30) "
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/207324650.md"
published_at: "2024-06-26T17:33:11.000Z"
---

# Luminar Technologies (NASDAQ:LAZR) Shares Gap Down to $1.34

> Luminar Technologies (NASDAQ: LAZR) shares gap down to $1.34. Analyst ratings changes and price targets have been adjusted for the company. Luminar Technologies reported earnings per share of ($0.30) for the quarter, hitting the consensus estimate. The company has a consensus rating of "Hold" and a consensus price target of $4.45. Hedge funds and other institutional investors have recently bought and sold shares of the business. Luminar Technologies provides sensor technologies and software for passenger cars and commercial trucks.

Luminar Technologies, Inc. (NASDAQ:LAZR - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $1.34, but opened at $1.31. Luminar Technologies shares last traded at $1.38, with a volume of 1,108,303 shares.

Get **Luminar Technologies** alerts:

## Analyst Ratings Changes

-   Buckle Up or Bail Out? The Self-Driving Taxi Market's Risky Ride

Several research firms recently commented on LAZR. JPMorgan Chase & Co. reaffirmed an "overweight" rating and issued a $8.00 price target (down previously from $20.00) on shares of Luminar Technologies in a research note on Tuesday, March 26th. Bank of America restated an "underperform" rating and set a $1.20 price objective (down from $3.50) on shares of Luminar Technologies in a report on Wednesday, April 10th. Citigroup decreased their price objective on Luminar Technologies from $11.00 to $9.00 and set a "buy" rating for the company in a report on Thursday, May 9th. Rosenblatt Securities reduced their target price on Luminar Technologies from $5.00 to $3.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 28th. Finally, The Goldman Sachs Group lowered their price target on Luminar Technologies from $2.00 to $1.50 and set a "sell" rating for the company in a report on Thursday, February 29th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $4.45.

**Get Our Latest Analysis on LAZR**

## Luminar Technologies Stock Performance

-   4 beaten-down penny stocks ready to take off

The company has a 50 day moving average price of $1.54 and a two-hundred day moving average price of $2.14.

Luminar Technologies (NASDAQ:LAZR - Get Free Report) last posted its earnings results on Tuesday, May 7th. The company reported ($0.30) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.30). The business had revenue of $20.97 million for the quarter, compared to analyst estimates of $22.09 million. Research analysts anticipate that Luminar Technologies, Inc. will post -1 earnings per share for the current year.

## Institutional Inflows and Outflows

-   Three Mid Caps Wall Street Sees Doubling Within 12 Months

Hedge funds and other institutional investors have recently bought and sold shares of the business. Evergreen Wealth Solutions LLC purchased a new position in Luminar Technologies in the first quarter valued at about $39,000. Vahanian & Associates Financial Planning Inc. purchased a new position in shares of Luminar Technologies in the fourth quarter valued at $41,000. 180 Wealth Advisors LLC increased its position in shares of Luminar Technologies by 65.1% in the first quarter. 180 Wealth Advisors LLC now owns 20,702 shares of the company's stock valued at $41,000 after buying an additional 8,161 shares in the last quarter. Leo Wealth LLC acquired a new position in shares of Luminar Technologies during the 4th quarter worth $43,000. Finally, Brave Asset Management Inc. acquired a new stake in Luminar Technologies in the 4th quarter valued at about $49,000. 30.99% of the stock is owned by hedge funds and other institutional investors.

## Luminar Technologies Company Profile

(Get Free Report)

Luminar Technologies, Inc, an automotive technology company, provides sensor technologies and software for passenger cars and commercial trucks in North America, the Asia Pacific, Europe, and the Middle East. It operates in two segments, Autonomy Solutions and Advanced Technologies and Services. The Autonomy Solutions segment designs, manufactures, and sells laser imaging, detection, and ranging sensors or lidars, as well as related perception and autonomy software solutions primarily for original equipment manufacturers in the automobile, commercial vehicle, robo-taxi, and adjacent industries.

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*This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.*

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## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| Luminar Media Group 任命 Juan M. Sese 為首席財務官 | Luminar Media Group Inc. 任命 Juan M. Sese 為首席財務官。Sese 擁有超過 25 年的財務、戰略和企業發展經驗，曾擔任 Fortun Advance 的財務副總裁。此公告突顯了公司的領導層變動和戰略方 | [Link](https://longbridge.com/en/news/274669187.md) |
| Luminar Technologies 推進清算計劃及資產分配 | Luminar Technologies Inc. 正在推進其清算計劃和資產分配，作為重組過程的一部分。關鍵文件已提交，法律代表已確認。該公司正在進行遺產清算，解決爭議索賠，清算信託資產，並根據計劃完成分配。最終的解散或合併將在這些步驟之後 | [Link](https://longbridge.com/en/news/274363118.md) |
| Luminar Technologies 發起了價值 8900 萬美元的 2028 年票據要約收購 | Luminar Technologies Inc. 已啓動一項要約，計劃以 103% 的面值加利息的價格回購最多 8900 萬美元的 2028 年到期的浮動利率高級擔保票據。資金將來自其子公司 Luminar Semiconductor,  | [Link](https://longbridge.com/en/news/275136375.md) |
| Microvision 以 3300 萬美元收購 Luminar 的激光雷達傳感器業務 | MicroVision Inc. 宣佈以 3300 萬美元收購與 Luminar Technologies, Inc. 的 Lidar 傳感器業務相關的某些資產，資金來源於現有現金。此次收購旨在增強 MicroVision 在 Lidar  | [Link](https://longbridge.com/en/news/274799462.md) |
| Luminar Technologies 出售其半導體部門和 LiDAR 業務 | Luminar Technologies Inc. 已完成其半導體子公司 Luminar Semiconductor, Inc. 的出售，售價為 1.1 億美元，買家為 Quantum Computing Inc. 此外，LiDAR 相關資 | [Link](https://longbridge.com/en/news/274879062.md) |

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
