Luna Innovations Incorporated (NASDAQ:LUNA) has received an average broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. Luna Innovations’ rating score has declined by 19.8% in the last 90 days as a result of various analysts’ ratings changes.
Brokers have set a 12 month consensus price objective of $4.50 for the company and are predicting that the company will post ($0.01) earnings per share for the current quarter, according to Zacks. Zacks has also given Luna Innovations an industry rank of 154 out of 255 based on the ratings given to its competitors.
Several analysts have issued reports on LUNA shares. B. Riley upped their price objective on Luna Innovations from $4.60 to $5.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. ValuEngine upgraded shares of Luna Innovations from a “hold” rating to a “buy” rating in a report on Saturday, February 2nd. Finally, Zacks Investment Research cut shares of Luna Innovations from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th.
Several large investors have recently bought and sold shares of the company. Deutsche Bank AG grew its position in Luna Innovations by 12,592.3% in the 4th quarter. Deutsche Bank AG now owns 9,900 shares of the scientific and technical instruments company’s stock valued at $33,000 after buying an additional 9,822 shares during the last quarter. Alambic Investment Management L.P. boosted its holdings in Luna Innovations by 27.5% in the 4th quarter. Alambic Investment Management L.P. now owns 130,690 shares of the scientific and technical instruments company’s stock worth $438,000 after acquiring an additional 28,216 shares during the period. Janney Montgomery Scott LLC boosted its holdings in Luna Innovations by 0.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 468,147 shares of the scientific and technical instruments company’s stock worth $1,568,000 after acquiring an additional 3,125 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Luna Innovations by 29.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 503,203 shares of the scientific and technical instruments company’s stock worth $1,625,000 after acquiring an additional 114,946 shares during the period. Finally, Vanguard Group Inc boosted its holdings in Luna Innovations by 25.9% in the 3rd quarter. Vanguard Group Inc now owns 864,099 shares of the scientific and technical instruments company’s stock worth $2,791,000 after acquiring an additional 177,962 shares during the period. Institutional investors and hedge funds own 21.17% of the company’s stock.
About Luna Innovations
Luna Innovations Incorporated develops, manufactures, and markets fiber optic sensing, and test and measurement products worldwide. It operates in two segments, Products and Licensing, and Technology Development. The Products and Licensing segment offers fiber optic sensing products, as well as test and measurement products to monitor the integrity of fiber optic network components and sub-assemblies, which include optical vector analyzer, optical backscatter reflectometers, and the Phoenix family of tunable lasers; and distributed sensing systems comprising optical distributed sensor interrogator sensing solution with multiple sensors whose inputs are integrated through a fiber optic network and software.
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