Lantronix, Inc. (NASDAQ:LTRX) Director Purchases $40,500.00 in Stock

Lantronix, Inc. (NASDAQ:LTRX) Director Hoshi Printer bought 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were bought at an average cost of $2.70 per share, for a total transaction of $40,500.00. Following the transaction, the director now owns 191,425 shares of the company’s stock, valued at $516,847.50. The trade was a 8.50 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Lantronix Stock Up 2.6 %

Lantronix stock opened at $2.81 on Friday. The firm has a market cap of $109.00 million, a price-to-earnings ratio of -21.62 and a beta of 2.00. The stock has a fifty day simple moving average of $3.47 and a two-hundred day simple moving average of $3.58. Lantronix, Inc. has a 12 month low of $2.48 and a 12 month high of $4.55. The company has a current ratio of 2.56, a quick ratio of 1.69 and a debt-to-equity ratio of 0.15.

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LTRX. Canaccord Genuity Group cut their price objective on Lantronix from $5.00 to $4.50 and set a “buy” rating on the stock in a research report on Friday, February 7th. StockNews.com lowered Lantronix from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 11th. Needham & Company LLC restated a “buy” rating and issued a $5.50 target price on shares of Lantronix in a research note on Tuesday, January 21st. Finally, Lake Street Capital decreased their target price on Lantronix from $6.00 to $5.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $6.00.

Hedge Funds Weigh In On Lantronix

Several large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its stake in Lantronix by 16.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,323,971 shares of the technology company’s stock worth $5,455,000 after acquiring an additional 186,479 shares during the last quarter. Truffle Hound Capital LLC purchased a new stake in shares of Lantronix in the fourth quarter valued at approximately $4,120,000. Marshall Wace LLP lifted its holdings in Lantronix by 16.5% during the fourth quarter. Marshall Wace LLP now owns 483,868 shares of the technology company’s stock worth $1,994,000 after buying an additional 68,669 shares during the period. Geode Capital Management LLC increased its position in shares of Lantronix by 3.2% during the third quarter. Geode Capital Management LLC now owns 338,202 shares of the technology company’s stock worth $1,394,000 after purchasing an additional 10,413 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Lantronix by 3.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 284,108 shares of the technology company’s stock worth $1,171,000 after purchasing an additional 8,992 shares in the last quarter. 39.38% of the stock is currently owned by hedge funds and other institutional investors.

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.