Shares of Luna Innovations Incorporated (NASDAQ:LUNA) have received an average broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.
Brokers have set a twelve-month consensus price objective of $4.75 for the company, according to Zacks. Zacks has also given Luna Innovations an industry rank of 167 out of 256 based on the ratings given to its competitors.
A number of brokerages have recently issued reports on LUNA. Northland Securities set a $5.00 price objective on shares of Communications Systems and gave the stock a “buy” rating in a research report on Tuesday, May 14th. Zacks Investment Research downgraded shares of ExlService from a “hold” rating to a “sell” rating in a research report on Wednesday, July 10th.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Deutsche Bank AG grew its holdings in shares of Luna Innovations by 12,592.3% during the fourth quarter. Deutsche Bank AG now owns 9,900 shares of the scientific and technical instruments company’s stock worth $33,000 after buying an additional 9,822 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Luna Innovations in the first quarter valued at $47,000. Acadian Asset Management LLC lifted its holdings in Luna Innovations by 11.9% in the first quarter. Acadian Asset Management LLC now owns 116,199 shares of the scientific and technical instruments company’s stock valued at $484,000 after acquiring an additional 12,397 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Luna Innovations by 9.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 552,213 shares of the scientific and technical instruments company’s stock valued at $1,850,000 after acquiring an additional 49,010 shares during the period. Finally, Punch & Associates Investment Management Inc. acquired a new stake in Luna Innovations in the first quarter valued at $417,000. Hedge funds and other institutional investors own 21.91% of the company’s stock.
Luna Innovations stock traded up $0.17 during trading hours on Wednesday, reaching $5.38. 3,808 shares of the company’s stock were exchanged, compared to its average volume of 97,113. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.29 and a quick ratio of 2.68. The stock’s 50 day moving average price is $4.61. Luna Innovations has a twelve month low of $2.68 and a twelve month high of $5.40. The firm has a market cap of $146.67 million, a price-to-earnings ratio of 134.50 and a beta of 0.73.
Luna Innovations (NASDAQ:LUNA) last announced its quarterly earnings data on Wednesday, May 8th. The scientific and technical instruments company reported $0.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.04. The firm had revenue of $14.83 million during the quarter, compared to analysts’ expectations of $12.80 million. Luna Innovations had a net margin of 22.56% and a return on equity of 5.52%. On average, research analysts expect that Luna Innovations will post 0.08 EPS for the current fiscal year.
Luna Innovations Company Profile
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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