Luminar Technologies (NASDAQ:LAZR) Shares Down 5.9%

Luminar Technologies Inc (NASDAQ:LAZR)’s stock price traded down 5.9% on Thursday . The stock traded as low as $33.35 and last traded at $34.00. 6,894,787 shares traded hands during trading, an increase of 124% from the average session volume of 3,080,578 shares. The stock had previously closed at $36.14.

Several equities analysts have recently weighed in on the stock. Robert W. Baird assumed coverage on shares of Luminar Technologies in a research report on Tuesday, December 22nd. They set a “neutral” rating and a $30.00 price objective for the company. Northland Securities upgraded shares of Luminar Technologies from a “market perform” rating to an “outperform” rating in a research report on Wednesday, December 16th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Luminar Technologies in a research report on Friday, December 18th. They set a “buy” rating and a $37.00 price objective for the company.

About Luminar Technologies (NASDAQ:LAZR)

Luminar Technologies, Inc develops and manufactures LiDAR based sensors for vehicles. It offers Iris, a sensor system that increases the visibility of vehicle drivers, as well as allows reacting safely at highway speeds. The company also provides a software that integrates with the sensor and helps the vehicle drivers.

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