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.

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 143 out of 255 based on the ratings given to its competitors.

A number of brokerages have issued reports on LUNA. B. Riley increased their price objective on shares of Luna Innovations from $4.60 to $5.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Zacks Investment Research downgraded shares of Luna Innovations from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. Finally, ValuEngine upgraded shares of Luna Innovations from a “hold” rating to a “buy” rating in a research note on Saturday, February 2nd.

Institutional investors have recently made changes to their positions in the business. Alambic Investment Management L.P. grew its stake in Luna Innovations by 27.5% during the fourth quarter. Alambic Investment Management L.P. now owns 130,690 shares of the scientific and technical instruments company’s stock worth $438,000 after buying an additional 28,216 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Luna Innovations by 0.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 468,147 shares of the scientific and technical instruments company’s stock worth $1,568,000 after buying an additional 3,125 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Luna Innovations by 29.6% during the third quarter. Dimensional Fund Advisors LP now owns 503,203 shares of the scientific and technical instruments company’s stock worth $1,625,000 after buying an additional 114,946 shares in the last quarter. Vanguard Group Inc. grew its stake in Luna Innovations by 25.9% during the third quarter. Vanguard Group Inc. now owns 864,099 shares of the scientific and technical instruments company’s stock worth $2,791,000 after buying an additional 177,962 shares in the last quarter. Finally, Vanguard Group Inc grew its stake in Luna Innovations by 25.9% during the third quarter. Vanguard Group Inc now owns 864,099 shares of the scientific and technical instruments company’s stock worth $2,791,000 after buying an additional 177,962 shares in the last quarter. Hedge funds and other institutional investors own 21.77% of the company’s stock.

NASDAQ:LUNA traded up $0.33 during mid-day trading on Friday, reaching $4.24. 403,831 shares of the company’s stock were exchanged, compared to its average volume of 61,322. The firm has a market cap of $108.95 million, a price-to-earnings ratio of 106.00 and a beta of 0.62. Luna Innovations has a one year low of $2.48 and a one year high of $4.32.

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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