Shares of Nlight Inc (NASDAQ:LASR) have received a consensus rating of “Buy” from the ten brokerages that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $30.00.
A number of equities research analysts have recently weighed in on LASR shares. Benchmark dropped their price objective on Nlight from $17.00 to $14.00 and set a “sell” rating for the company in a research note on Tuesday, November 6th. Needham & Company LLC dropped their price objective on Nlight from $37.00 to $29.00 and set a “buy” rating for the company in a research note on Tuesday, October 23rd. Zacks Investment Research raised Nlight from a “sell” rating to a “hold” rating in a research note on Saturday, October 6th. Stifel Nicolaus lowered their target price on Nlight from $40.00 to $32.00 and set a “buy” rating for the company in a research note on Monday, October 8th. Finally, Raymond James raised Nlight from an “outperform” rating to a “strong-buy” rating and set a $40.00 target price for the company in a research note on Friday, September 21st.
In other news, insider Robert Martinsen sold 1,378 shares of the business’s stock in a transaction dated Tuesday, December 4th. The stock was sold at an average price of $19.98, for a total value of $27,532.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David D. Osborne sold 33,000 shares of the business’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $18.76, for a total value of $619,080.00. The disclosure for this sale can be found here. Insiders sold a total of 2,516,622 shares of company stock valued at $63,791,479 over the last three months.
Several institutional investors have recently bought and sold shares of LASR. Bank of Montreal Can purchased a new stake in shares of Nlight in the 2nd quarter valued at about $158,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Nlight in the 2nd quarter valued at about $7,514,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Nlight in the 2nd quarter valued at about $330,000. State of Wisconsin Investment Board purchased a new stake in shares of Nlight in the 2nd quarter valued at about $1,322,000. Finally, Sei Investments Co. purchased a new stake in shares of Nlight in the 2nd quarter valued at about $846,000. 57.97% of the stock is owned by institutional investors and hedge funds.
NASDAQ:LASR opened at $19.68 on Friday. Nlight has a 52 week low of $16.25 and a 52 week high of $43.63. The company has a quick ratio of 7.71, a current ratio of 9.12 and a debt-to-equity ratio of 0.08.
Nlight (NASDAQ:LASR) last issued its quarterly earnings data on Monday, November 5th. The company reported $0.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.03. Nlight had a return on equity of 9.94% and a net margin of 6.93%. The business had revenue of $51.03 million during the quarter, compared to analysts’ expectations of $49.20 million. The firm’s revenue was up 39.6% compared to the same quarter last year. Equities analysts predict that Nlight will post 0.33 earnings per share for the current year.
nLIGHT, Inc designs, develops, and manufactures semiconductor and fiber lasers used in various end applications in the industrial, microfabrication, and aerospace and defense markets. The company also produces optical fiber products. It markets and sells its products to original equipment manufacturer primarily through direct sales force in the United States, China, South Korea, Germany, and Finland, as well as through various independent sales representatives and distributors in North America, Asia, and Europe.
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