Mirador Capital Partners LP recently announced the acquisition of new stake in AEye Inc (NASDAQ:LIDR). The institutional investor has increased its shareholding in the Technology company by 51.73% to 4.66 million shares with purchase of 1.59 million shares. This fresh investment now brings its stake to 2.48% valued currently at $0.7 million. In addition, Geode Capital Management LLC raised its holdings by 66254.0 to 1.14 million shares. And Susquehanna Financial Group LLLP has lifted its position by 413.87% or 0.8 million shares – to 0.99 million shares.
Currently, there are 163.10M common shares owned by the public and among those 125.15M shares have been available to trade.
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Insiders at the company have transacted a total of 61 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 25 of these insider trades were purchases, accounting for 16,703,015 shares. Insider sales of the common stock occurred on 36 occasions, with total insider shares sold totaling 3,189,934 shares.
The top 3 mutual fund holders in AEye Inc are Vanguard Total Stock Market ETF, Vanguard Extended Market Index Fu, and Fidelity Extended Market Index Fu. Vanguard Total Stock Market ETF owns 3.26 million shares of the company’s stock, all valued at over $0.49 million. Fidelity Extended Market Index Fu now owns shares totaling to 0.34% of the shares outstanding.
However, the script later moved the day high at 0.0839, down -30.30%. The company’s stock has a 5-day price change of -40.64% and -66.70% over the past three months. LIDR shares are trading -85.35% year to date (YTD), with the 12-month market performance down to -91.09% lower. It has a 12-month low price of $0.10 and touched a high of $0.95 over the same period. LIDR has an average intraday trading volume of 743.64K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -48.40%, -59.65%, and -70.40% respectively.
Institutional ownership of AEye Inc (NASDAQ: LIDR) shares accounts for 14.73% of the company’s 163.10M shares outstanding. Mutual fund holders own 3.21%, while other institutional holders and individual stakeholders account for 33.36% and 11.51% respectively.
It has a market capitalization of $13.25M and a beta (3y monthly) value of 2.25. The earnings-per-share (ttm) stands at -$0.49. Price movements for the stock have been influenced by the stock’s volatility, which stands at 14.48% over the week and 11.16% over the month.
Analysts forecast that AEye Inc (LIDR) will achieve an EPS of -$0.04 for the current quarter, -$0.04 for the next quarter and -$0.23 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.04 while analysts give the company a high EPS estimate of -$0.04. Comparatively, EPS for the current quarter was -$0.15 a year ago. Earnings per share for the fiscal year are expected to increase by 46.81%, and 8.00% over the next financial year.
Looking at the support for the LIDR, a number of firms have released research notes about the stock. DA Davidson stated their Buy rating for the stock in a research note on November 11, 2021, with the firm’s price target at $15.
