AEye (NASDAQ:LIDR – Get Rating) updated its first quarter 2023 earnings guidance on Thursday. The company provided earnings per share guidance of -$0.13–$0.13 for the period, compared to the consensus earnings per share estimate of -$0.16. The company issued revenue guidance of $500.00K-$700.00K, compared to the consensus revenue estimate of $2.57 million.

Wall Street Analyst Weigh In

Several brokerages recently commented on LIDR. DA Davidson downgraded AEye from a buy rating to a neutral rating in a report on Thursday. Guggenheim downgraded AEye from a buy rating to a neutral rating in a report on Thursday.

AEye Stock Performance

Shares of NASDAQ LIDR opened at $0.37 on Friday. AEye has a fifty-two week low of $0.37 and a fifty-two week high of $6.33. The business has a 50 day moving average price of $0.63 and a two-hundred day moving average price of $0.85.

AEye (NASDAQ:LIDR – Get Rating) last issued its quarterly earnings data on Wednesday, March 15th. The company reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.01). AEye had a negative net margin of 2,706.72% and a negative return on equity of 81.50%. The business had revenue of $1.09 million for the quarter, compared to analyst estimates of $1.10 million. During the same quarter last year, the business earned ($0.15) EPS. As a group, sell-side analysts expect that AEye will post -0.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in AEye by 100.4% during the 1st quarter. Vanguard Group Inc. now owns 4,453,408 shares of the company's stock valued at $24,360,000 after acquiring an additional 2,230,979 shares in the last quarter. State Street Corp raised its stake in AEye by 203.9% during the 2nd quarter. State Street Corp now owns 1,519,817 shares of the company's stock valued at $2,903,000 after acquiring an additional 1,019,710 shares in the last quarter. Geode Capital Management LLC raised its stake in AEye by 49.4% during the 4th quarter. Geode Capital Management LLC now owns 2,008,795 shares of the company's stock valued at $965,000 after acquiring an additional 664,507 shares in the last quarter. BlackRock Inc. raised its stake in AEye by 7.0% during the 3rd quarter. BlackRock Inc. now owns 3,364,787 shares of the company's stock valued at $3,736,000 after acquiring an additional 219,127 shares in the last quarter. Finally, Northern Trust Corp raised its stake in AEye by 82.9% during the 2nd quarter. Northern Trust Corp now owns 421,081 shares of the company's stock valued at $804,000 after acquiring an additional 190,887 shares in the last quarter. Institutional investors and hedge funds own 30.90% of the company's stock.

About AEye

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AEye, Inc provides lidar systems for vehicle autonomy, advanced driver-assistance systems, and robotic vision applications in the United States, Europe, and Asia. It offers 4Sight A, a software-configurable lidar solution for automotive markets, including 4Sight at Design, Triggered 4Sight, or Responsive 4Sight software levels; and 4Sight M, a software-configurable lidar solution for the mobility and industrial markets, including 4Sight at Design, Triggered 4Sight, Responsive 4Sight, and Predictive 4Sight software levels.

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