Juno Lighting LLC (NASDAQ:JUNO)’s share price dropped 5% on Wednesday . The company traded as low as $28.52 and last traded at $29.94, with a volume of 1,495,561 shares trading hands. The stock had previously closed at $31.53.

JUNO has been the topic of a number of research analyst reports. Cowen and Company reiterated a “buy” rating and issued a $55.00 price target on shares of Juno Lighting in a report on Sunday, July 10th. Barclays PLC started coverage on shares of Juno Lighting in a report on Wednesday, July 6th. They set an “equal weight” rating and a $48.00 target price on the stock. Maxim Group restated a “buy” rating and set a $80.00 target price on shares of Juno Lighting in a report on Monday, July 18th. Leerink Swann restated a “buy” rating and set a $86.00 target price on shares of Juno Lighting in a report on Thursday, July 14th. Finally, JPMorgan Chase & Co. lowered shares of Juno Lighting from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $63.00 to $39.00 in a report on Friday, July 8th. Two analysts have rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Juno Lighting currently has a consensus rating of “Buy” and a consensus target price of $49.00.

The firm has a 50 day moving average of $31.18 and a 200-day moving average of $37.58. The company’s market capitalization is $2.92 billion.

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

In other news, CEO Hans Edgar Bishop sold 90,750 shares of the stock in a transaction on Thursday, June 9th. The shares were sold at an average price of $46.42, for a total transaction of $4,212,615.00. Following the transaction, 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, EVP Hyam Levitsky sold 12,418 shares of the stock in a transaction on Friday, June 17th. The stock was sold at an average price of $42.77, for a total transaction of $531,117.86. Following the transaction, the executive vice president now owns 117,000 shares in the company, valued at approximately $5,004,090. The disclosure for this sale can be found here.

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