Lucid Group (LCID) is set to report its second-quarter results on August 6. Wall Street expects the EV maker to post a Q2 loss per share of $0.22 on revenue of $273.9 million. Lucid stock are down 3% year-to-date due to increasing competition in the EV space. However, investor interest in Lucid has picked up recently, driven by two major announcements. First, the company revealed a partnership with Uber (UBER) and autonomous driving startup Nuro, a move that helped the stock surge over 30%. Also, Lucid announced that starting July 31, Lucid Air owners will gain access to Tesla’s (TSLA) Supercharger network, giving the stock another lift.
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With earnings approaching, let’s take a look at who owns Lucid stock using TipRanks’ Ownership tools.
Now, according to TipRanks’ ownership page, insiders own 74.4% of LCID. They are followed by public companies and individual investors, ETFs, and mutual funds, at 14.78%, 5.71%, and 5.10%, respectively. Meanwhile, other institutional investors own less than 0.01% of Lucid Group.
Digging Deeper into LCID’s Ownership Structure
Looking closely at top shareholders, Public Investment Fund owns the highest stake in LCID. Among the top ETF holders, the Vanguard Total Stock Market ETF (VTI) owns a 1.28% stake in LCID stock, followed by the Vanguard Small-Cap ETF (VB) with a 1% stake.
Moving to mutual funds, Vanguard Index Funds holds about 3.38% of Lucid Group. Meanwhile, Calamos Investment Trust/IL owns 0.89% of the stock.
Is LCID Stock a Buy?
The stock of Lucid Group has a consensus Hold rating among nine Wall Street analysts. That rating is currently based on one Buy, seven Hold, and one Sell recommendations issued in the past three months. The average LCID price target of $3.19 implies 9.25% upside from current levels.
