Luna Innovations’ (LUNA) Hold Rating Reaffirmed at Northland Securities

Luna Innovations (NASDAQ:LUNA)‘s stock had its “hold” rating reiterated by equities research analysts at Northland Securities in a research note issued to investors on Tuesday, AnalystRatings.com reports. They presently have a $4.00 price objective on the scientific and technical instruments company’s stock. Northland Securities’ target price would indicate a potential downside of 8.68% from the company’s current price.

Several other research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Luna Innovations from a “buy” rating to a “hold” rating in a report on Wednesday, May 8th. B. Riley increased their price objective on shares of Luna Innovations from $4.60 to $5.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Finally, ValuEngine raised shares of Luna Innovations from a “hold” rating to a “buy” rating in a report on Saturday, February 2nd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $4.50.

LUNA opened at $4.38 on Tuesday. Luna Innovations has a 52 week low of $2.68 and a 52 week high of $4.73. The stock has a market cap of $123.19 million, a price-to-earnings ratio of 109.50 and a beta of 0.67.



Luna Innovations (NASDAQ:LUNA) last released its quarterly earnings data on Wednesday, May 8th. The scientific and technical instruments company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.04. Luna Innovations had a net margin of 22.56% and a return on equity of 5.65%. The business had revenue of $14.83 million during the quarter, compared to the consensus estimate of $12.80 million. On average, equities research analysts forecast that Luna Innovations will post 0.13 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its holdings in shares of Luna Innovations by 6.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 586,775 shares of the scientific and technical instruments company’s stock valued at $2,447,000 after acquiring an additional 34,562 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Luna Innovations by 11.9% in the 1st 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 last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Luna Innovations in the 1st quarter valued at about $47,000. JPMorgan Chase & Co. lifted its holdings in shares of Luna Innovations by 14,384.0% in the 1st quarter. JPMorgan Chase & Co. now owns 7,242 shares of the scientific and technical instruments company’s stock valued at $30,000 after acquiring an additional 7,192 shares during the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of 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 acquiring an additional 9,822 shares during the last quarter. 22.77% of the stock is owned by hedge funds and other institutional investors.

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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