BNP Paribas Financial Markets grew its position in Luna Innovations Incorporated (NASDAQ:LUNA – Free Report) by 672.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,549 shares of the scientific and technical instruments company’s stock after purchasing an additional 60,547 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.20% of Luna Innovations worth $223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Wasatch Advisors LP raised its stake in Luna Innovations by 60.6% during the 1st quarter. Wasatch Advisors LP now owns 2,023,242 shares of the scientific and technical instruments company’s stock valued at $6,484,000 after purchasing an additional 763,165 shares during the period. Avenir Corp lifted its holdings in shares of Luna Innovations by 35.3% in the fourth quarter. Avenir Corp now owns 221,180 shares of the scientific and technical instruments company’s stock worth $1,471,000 after buying an additional 57,700 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Luna Innovations by 54.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,220 shares of the scientific and technical instruments company’s stock worth $41,000 after acquiring an additional 2,192 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in Luna Innovations by 4.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 244,681 shares of the scientific and technical instruments company’s stock valued at $1,627,000 after acquiring an additional 10,300 shares in the last quarter. Finally, Private Portfolio Partners LLC bought a new stake in Luna Innovations in the 4th quarter valued at $136,000. 87.46% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on the company. Needham & Company LLC reiterated a “buy” rating and issued a $8.00 target price on shares of Luna Innovations in a research report on Monday, May 6th. StockNews.com raised Luna Innovations from a “sell” rating to a “hold” rating in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $10.00.
View Our Latest Analysis on Luna Innovations
Luna Innovations Price Performance
Shares of NASDAQ LUNA opened at $2.84 on Friday. Luna Innovations Incorporated has a 1-year low of $1.91 and a 1-year high of $9.25. The business’s 50 day moving average is $3.18 and its two-hundred day moving average is $4.36. The stock has a market capitalization of $96.45 million, a P/E ratio of -35.50 and a beta of 1.55.
Luna Innovations Company Profile
(Free Report)
Luna Innovations Incorporated provides fiber optic test, measurement, and control products worldwide. The company offers test and measurement equipment for fiber optic components and sub-assemblies; polarization control products, including components, modules, and instruments to measure, manage, and control polarization and group delay in fiber optic networks; tunable lasers; and single frequency lasers.
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