Juno Lighting LLC (NASDAQ:JUNO) dropped 1.9% on Thursday . The company traded as low as $31.08 and last traded at $31.24, with a volume of 712,508 shares changing hands. The stock had previously closed at $31.83.

JUNO has been the subject of a number of research analyst reports. Maxim Group decreased their target price on Juno Lighting from $80.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, August 5th. Vetr lowered Juno Lighting from a “strong-buy” rating to a “buy” rating and set a $53.00 target price for the company. in a research report on Monday, June 6th. Leerink Swann reaffirmed a “buy” rating and set a $86.00 target price on shares of Juno Lighting in a research report on Thursday, July 14th. FBR & Co reaffirmed a “buy” rating on shares of Juno Lighting in a research report on Monday, June 6th. Finally, Standpoint Research initiated coverage on Juno Lighting in a research report on Thursday. They set a “buy” rating and a $47.00 target price for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $50.86.

The firm has a 50-day moving average of $31.17 and a 200 day moving average of $37.46. The firm’s market cap is $3.21 billion.

Juno Lighting (NASDAQ:JUNO) last issued its earnings results on Thursday, August 4th. The biopharmaceutical company reported ($0.64) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.41) by $0.23. The firm had revenue of $27.60 million for the quarter, compared to analyst estimates of $14.26 million. During the same quarter in the previous year, the business posted ($0.35) EPS. The business’s quarterly revenue was up 121.5% on a year-over-year basis. Analysts predict that Juno Lighting LLC will post ($2.38) earnings per share for the current year.

In other news, CEO Hans Edgar Bishop sold 90,750 shares of the company’s stock in a transaction dated Thursday, June 9th. The shares were sold at an average price of $46.42, for a total value of $4,212,615.00. Following the sale, the chief executive officer now owns 2,704,609 shares in the company, valued at approximately $125,547,949.78. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Steve Harr sold 30,000 shares of the company’s stock in a transaction dated Friday, June 10th. The shares were sold at an average price of $43.32, for a total transaction of $1,299,600.00. Following the completion of the sale, the chief financial officer now owns 716,052 shares in the company, valued at approximately $31,019,372.64. The disclosure for this sale can be found here.

An institutional investor recently raised its position in Juno Lighting stock. RS Investment Management Co. LLC boosted its stake in Juno Lighting LLC (NASDAQ:JUNO) by 11.4% during the fourth quarter, according to its most recent disclosure with the SEC. The firm 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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