Lantronix, Inc. (NASDAQ:LTRX) Receives $8.50 Average Target Price from Analysts

Lantronix, Inc. (NASDAQ:LTRXGet Free Report) has been given an average recommendation of “Buy” by the six brokerages that are currently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $8.50.

A number of research analysts have recently issued reports on the stock. Roth Mkm restated a “buy” rating and issued a $9.00 price target on shares of Lantronix in a research report on Monday, June 17th. Craig Hallum cut their target price on shares of Lantronix from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Tuesday, April 30th. Needham & Company LLC reaffirmed a “buy” rating and set a $7.00 target price on shares of Lantronix in a report on Tuesday, April 30th. StockNews.com raised Lantronix from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 25th. Finally, Lake Street Capital reduced their price objective on Lantronix from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Tuesday, April 30th.

Check Out Our Latest Report on Lantronix

Lantronix Stock Up 3.0 %

Shares of Lantronix stock opened at $3.75 on Thursday. The business has a 50-day moving average price of $3.72 and a 200 day moving average price of $4.27. Lantronix has a fifty-two week low of $3.08 and a fifty-two week high of $6.95. The firm has a market cap of $140.93 million, a P/E ratio of -20.83 and a beta of 2.13. The company has a quick ratio of 1.32, a current ratio of 2.25 and a debt-to-equity ratio of 0.18.

Lantronix (NASDAQ:LTRXGet Free Report) last issued its quarterly earnings results on Monday, April 29th. The technology company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). Lantronix had a negative return on equity of 8.47% and a negative net margin of 4.48%. The business had revenue of $41.18 million during the quarter, compared to the consensus estimate of $40.80 million. On average, sell-side analysts forecast that Lantronix will post -0.06 earnings per share for the current fiscal year.

Insider Activity at Lantronix

In other Lantronix news, Director Jason Cohenour purchased 21,000 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was bought at an average price of $3.63 per share, with a total value of $76,230.00. Following the completion of the purchase, the director now owns 33,909 shares in the company, valued at approximately $123,089.67. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Jason Cohenour purchased 21,000 shares of Lantronix stock in a transaction dated Thursday, May 2nd. The stock was bought at an average cost of $3.63 per share, with a total value of $76,230.00. Following the purchase, the director now owns 33,909 shares in the company, valued at approximately $123,089.67. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Saleel Awsare acquired 10,000 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was bought at an average price of $3.66 per share, with a total value of $36,600.00. Following the completion of the acquisition, the chief executive officer now directly owns 30,000 shares of the company’s stock, valued at $109,800. The disclosure for this purchase can be found here. 17.30% of the stock is owned by insiders.

Institutional Trading of Lantronix

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Wasatch Advisors LP raised its position in Lantronix by 11.4% in the fourth quarter. Wasatch Advisors LP now owns 1,622,343 shares of the technology company’s stock worth $9,507,000 after acquiring an additional 165,711 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Lantronix by 10.3% in the 1st quarter. Vanguard Group Inc. now owns 1,402,989 shares of the technology company’s stock worth $4,995,000 after purchasing an additional 131,476 shares in the last quarter. AMH Equity Ltd lifted its stake in Lantronix by 16.0% during the fourth quarter. AMH Equity Ltd now owns 1,321,234 shares of the technology company’s stock valued at $7,742,000 after purchasing an additional 182,552 shares during the last quarter. AWM Investment Company Inc. boosted its holdings in Lantronix by 29.8% during the first quarter. AWM Investment Company Inc. now owns 989,307 shares of the technology company’s stock worth $3,522,000 after buying an additional 227,374 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its position in Lantronix by 4.8% in the fourth quarter. First Eagle Investment Management LLC now owns 533,353 shares of the technology company’s stock worth $3,125,000 after buying an additional 24,250 shares during the last quarter. Institutional investors own 39.38% of the company’s stock.

Lantronix Company Profile

(Get Free Report

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.

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Analyst Recommendations for Lantronix (NASDAQ:LTRX)

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