Luna Innovations Incorporated (NASDAQ:LUNA) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Brokers have set a 12-month consensus price objective of $3.25 for the company and are forecasting that the company will post $0.02 EPS for the current quarter, according to Zacks. Zacks has also given Luna Innovations an industry rank of 74 out of 265 based on the ratings given to related companies.
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Separately, Northland Securities reiterated a “buy” rating and set a $3.25 target price on shares of Luna Innovations in a research note on Wednesday, March 21st.
LUNA opened at $3.12 on Friday. Luna Innovations has a 12-month low of $1.16 and a 12-month high of $4.00. The company has a quick ratio of 3.51, a current ratio of 3.98 and a debt-to-equity ratio of 0.01.
Luna Innovations (NASDAQ:LUNA) last released its quarterly earnings data on Tuesday, March 20th. The scientific and technical instruments company reported $0.03 earnings per share (EPS) for the quarter. The company had revenue of $13.22 million during the quarter, compared to analysts’ expectations of $11.80 million. Luna Innovations had a negative return on equity of 0.56% and a net margin of 28.35%. equities analysts anticipate that Luna Innovations will post 0.11 EPS for the current fiscal year.
In other news, major shareholder Clinic Carilion sold 78,045 shares of the stock in a transaction that occurred on Friday, April 13th. The stock was sold at an average price of $3.39, for a total transaction of $264,572.55. Following the transaction, the insider now owns 2,060,338 shares in the company, valued at $6,984,545.82. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In the last quarter, insiders have sold 181,607 shares of company stock worth $618,599. 10.60% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in LUNA. EAM Investors LLC bought a new position in shares of Luna Innovations during the fourth quarter worth approximately $666,000. Renaissance Technologies LLC increased its stake in shares of Luna Innovations by 45.7% during the fourth quarter. Renaissance Technologies LLC now owns 841,005 shares of the scientific and technical instruments company’s stock worth $2,044,000 after purchasing an additional 263,700 shares during the period. Algert Global LLC increased its stake in shares of Luna Innovations by 434.5% during the first quarter. Algert Global LLC now owns 201,843 shares of the scientific and technical instruments company’s stock worth $654,000 after purchasing an additional 164,077 shares during the period. Millennium Management LLC bought a new position in shares of Luna Innovations during the fourth quarter worth approximately $327,000. Finally, Deutsche Bank AG increased its stake in shares of Luna Innovations by 331.2% during the fourth quarter. Deutsche Bank AG now owns 100,910 shares of the scientific and technical instruments company’s stock worth $244,000 after purchasing an additional 77,510 shares during the period. Institutional investors own 18.60% of the company’s stock.
About Luna Innovations
Luna Innovations Incorporated develops, manufactures and markets fiber optic sensing and test, and measurement products. The Company is focused on bringing technology solutions to measure and monitor processes in the aerospace, automotive, energy, composite, telecommunications and defense industries.
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