Lantronix, Inc. (NASDAQ:LTRX) Receives Average Recommendation of “Buy” from Brokerages

Shares of Lantronix, Inc. (NASDAQ:LTRX) have been given an average rating of “Buy” by the five research firms that are currently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a buy recommendation. The average 12 month price target among brokers that have covered the stock in the last year is $6.00.

Several analysts recently issued reports on LTRX shares. Needham & Company LLC reaffirmed a “buy” rating and set a $5.50 price objective on shares of Lantronix in a report on Tuesday, January 21st. Lake Street Capital lowered their price target on Lantronix from $6.00 to $5.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. Canaccord Genuity Group cut their price objective on Lantronix from $5.00 to $4.50 and set a “buy” rating for the company in a research report on Friday, February 7th. Finally, StockNews.com lowered Lantronix from a “strong-buy” rating to a “buy” rating in a report on Monday, November 11th.

Insider Activity at Lantronix

In other news, Director Hoshi Printer acquired 15,000 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were bought at an average price of $2.90 per share, with a total value of $43,500.00. Following the acquisition, the director now owns 176,075 shares of the company’s stock, valued at $510,617.50. This trade represents a 9.31 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership raised its stake in shares of Lantronix by 3.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 284,108 shares of the technology company’s stock valued at $1,171,000 after buying an additional 8,992 shares in the last quarter. Algert Global LLC raised its position in Lantronix by 49.5% in the fourth quarter. Algert Global LLC now owns 27,728 shares of the technology company’s stock worth $114,000 after purchasing an additional 9,180 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Lantronix by 3.2% during the third quarter. Geode Capital Management LLC now owns 338,202 shares of the technology company’s stock valued at $1,394,000 after purchasing an additional 10,413 shares in the last quarter. Amundi acquired a new stake in Lantronix during the fourth quarter valued at approximately $42,000. Finally, American Century Companies Inc. grew its stake in shares of Lantronix by 43.9% in the 4th quarter. American Century Companies Inc. now owns 43,937 shares of the technology company’s stock valued at $181,000 after purchasing an additional 13,402 shares during the period. 39.38% of the stock is owned by institutional investors.

Lantronix Price Performance

NASDAQ LTRX opened at $3.06 on Friday. Lantronix has a fifty-two week low of $2.48 and a fifty-two week high of $4.55. The stock’s 50-day moving average is $3.69 and its two-hundred day moving average is $3.64. The firm has a market cap of $118.50 million, a P/E ratio of -23.50 and a beta of 1.94. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.56 and a quick ratio of 1.69.

Lantronix (NASDAQ:LTRX) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.13). Lantronix had a negative net margin of 3.15% and a negative return on equity of 2.62%. On average, analysts anticipate that Lantronix will post -0.23 earnings per share for the current fiscal year.

About Lantronix

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.