Lantronix, Inc. (NASDAQ:LTRX) Receives $9.20 Consensus PT from Analysts

Lantronix, Inc. (NASDAQ:LTRX) has been assigned an average rating of “Buy” from the four brokerages that are covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $9.20.

Several equities research analysts have recently commented on LTRX shares. Roth Mkm lowered their price target on shares of Lantronix from $12.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, February 9th. Needham & Company LLC lowered their price target on shares of Lantronix from $8.50 to $7.00 and set a “buy” rating for the company in a research report on Tuesday, March 12th. TheStreet upgraded shares of Lantronix from a “d+” rating to a “c-” rating in a research report on Friday, December 8th. Finally, StockNews.com upgraded shares of Lantronix from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 13th.

Lantronix Price Performance

Shares of Lantronix stock opened at $3.56 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.08 and a quick ratio of 1.19. Lantronix has a fifty-two week low of $3.34 and a fifty-two week high of $6.95. The firm has a fifty day moving average price of $4.60 and a two-hundred day moving average price of $4.97. The company has a market cap of $133.43 million, a PE ratio of -14.24 and a beta of 2.14.

Lantronix (NASDAQ:LTRX) last released its quarterly earnings data on Thursday, February 8th. The technology company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.06). The business had revenue of $37.04 million for the quarter, compared to the consensus estimate of $37.20 million. Lantronix had a negative return on equity of 11.89% and a negative net margin of 6.67%. Analysts expect that Lantronix will post -0.04 EPS for the current year.

Insider Buying and Selling at Lantronix

In other Lantronix news, major shareholder Bernhard Bruscha sold 9,409 shares of Lantronix stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $6.03, for a total value of $56,736.27. Following the transaction, the insider now owns 5,406,471 shares of the company’s stock, valued at $32,601,020.13. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, major shareholder Bernhard Bruscha sold 9,409 shares of Lantronix stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $6.03, for a total value of $56,736.27. Following the sale, the insider now directly owns 5,406,471 shares in the company, valued at $32,601,020.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Philip G. Brace acquired 15,000 shares of the stock in a transaction dated Tuesday, February 13th. The stock was acquired at an average price of $3.95 per share, for a total transaction of $59,250.00. Following the completion of the acquisition, the director now directly owns 27,000 shares of the company’s stock, valued at $106,650. The disclosure for this purchase can be found here. Insiders own 17.30% of the company’s stock.

Hedge Funds Weigh In On Lantronix

Institutional investors have recently added to or reduced their stakes in the company. Barclays PLC acquired a new position in Lantronix during the third quarter worth $176,000. Jump Financial LLC acquired a new position in Lantronix during the third quarter worth $66,000. Quadrature Capital Ltd acquired a new position in Lantronix during the third quarter worth $109,000. Algert Global LLC acquired a new position in Lantronix during the third quarter worth $50,000. Finally, AMH Equity Ltd increased its holdings in Lantronix by 13.9% during the third quarter. AMH Equity Ltd now owns 1,138,682 shares of the technology company’s stock worth $5,067,000 after buying an additional 138,682 shares during the last quarter. 39.38% of the stock is currently owned by institutional investors and hedge funds.

Lantronix Company Profile

Lantronix, Inc provides solutions for video surveillance, infotainment systems, and intelligent substations infrastructure in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT System Solutions, which provide wired and wireless connections that enhance the value and utility of modern electronic systems and equipment through secure network connectivity, power for IoT end devices through Power over Ethernet, application hosting, protocol conversion, media conversion, secure access for distributed IoT deployments, and various other functions; Embedded IoT Modules, such as application processing delivering compute to meet customer needs for data transformation, computer vision, machine learning, augmented/virtual reality, audio/video aggregation and distribution, and custom applications; and Software and Engineering Services offers SaaS platform that enables customers to deploy, monitor, manage, and automate across their global deployments through a single platform login.