Juno Lighting LLC (NASDAQ:JUNO) shares dropped 3.1% during mid-day trading on Friday . The stock traded as low as $32.65 and last traded at $32.97, with a volume of 733,403 shares changing hands. The stock had previously closed at $34.02.

JUNO has been the topic of several analyst reports. Maxim Group reaffirmed a “buy” rating and set a $80.00 target price on shares of Juno Lighting in a research report on Sunday, July 10th. Cowen and Company reaffirmed a “buy” rating and set a $55.00 target price on shares of Juno Lighting in a research report on Sunday, July 10th. FBR & Co reiterated a “buy” rating on shares of Juno Lighting in a report on Tuesday, May 10th. Vetr lowered Juno Lighting from a “strong-buy” rating to a “buy” rating and set a $53.00 price target on the stock. in a report on Monday, June 6th. Finally, Leerink Swann reiterated a “buy” rating and set a $86.00 price target on shares of Juno Lighting in a report on Thursday, July 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $50.86.

The firm’s 50-day moving average is $31.77 and its 200 day moving average is $37.25. The company’s market capitalization is $3.37 billion.

Juno Lighting (NASDAQ:JUNO) last posted its quarterly earnings results on Thursday, August 4th. The biopharmaceutical company reported ($0.64) earnings per share for the quarter, missing the consensus estimate of ($0.41) by $0.23. The company earned $27.60 million during the quarter, compared to the consensus estimate of $14.26 million. The firm’s revenue was up 121.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.35) EPS. On average, equities analysts anticipate that Juno Lighting LLC will post ($2.32) EPS for the current year.

In related news, CFO Steve Harr sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, June 10th. The stock was sold at an average price of $43.32, for a total value of $1,299,600.00. Following the sale, the chief financial officer now owns 716,052 shares in the company, valued at approximately $31,019,372.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard Klausner sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, June 24th. The stock was sold at an average price of $40.71, for a total value of $488,520.00. Following the completion of the sale, the director now owns 846,799 shares in the company, valued at approximately $34,473,187.29. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in Juno Lighting stock. RS Investment Management Co. LLC increased its stake in Juno Lighting LLC (NASDAQ:JUNO) by 11.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,217 shares of the biopharmaceutical company’s stock after buying an additional 6,557 shares during the period. RS Investment Management Co. LLC owned approximately 0.06% of Juno Lighting worth $2,824,000 at the end of the most recent quarter.

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