AEye’s (LIDR) “Hold” Rating Reiterated at Westpark Capital

AEye (NASDAQ:LIDR)‘s stock had its “hold” rating restated by equities researchers at Westpark Capital in a research report issued on Monday, Benzinga reports.

AEye Trading Up 2.6 %

Shares of NASDAQ:LIDR traded up $0.04 on Monday, reaching $1.37. The company had a trading volume of 128,047 shares, compared to its average volume of 2,050,415. The firm has a market capitalization of $9.05 million, a PE ratio of -0.12 and a beta of 2.98. AEye has a 52-week low of $0.92 and a 52-week high of $14.40. The firm’s 50 day simple moving average is $2.14 and its 200-day simple moving average is $1.71.

AEye (NASDAQ:LIDR) last posted its earnings results on Wednesday, May 15th. The company reported ($1.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.40) by $0.27. The company had revenue of $0.02 million for the quarter. AEye had a negative return on equity of 117.42% and a negative net margin of 8,382.08%.

Insider Buying and Selling at AEye

In other news, Director Luis Dussan sold 105,076 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $2.41, for a total transaction of $253,233.16. Following the completion of the sale, the director now owns 384,713 shares in the company, valued at approximately $927,158.33. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold a total of 164,880 shares of company stock worth $507,871 over the last three months. Corporate insiders own 11.93% of the company’s stock.

Hedge Funds Weigh In On AEye

An institutional investor recently bought a new position in AEye stock. Mirador Capital Partners LP purchased a new position in AEye, Inc. (NASDAQ:LIDR) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 88,648 shares of the company’s stock, valued at approximately $111,000. Mirador Capital Partners LP owned about 1.36% of AEye at the end of the most recent quarter. Hedge funds and other institutional investors own 21.58% of the company’s stock.

About AEye

AEye, Inc, together with its subsidiaries, provides lidar systems for vehicle autonomy, advanced driver-assistance systems, and robotic vision applications in the United States, Europe, and Asia-Pacific. It offers 4Sight intelligent sensing lidar platform, including 4Sight at Design, Triggered 4Sight, Responsive 4Sight, and Predictive 4Sight; and 4Sight for automotive and industrial market.