LightPath Technologies’ (LPTH) “Buy” Rating Reiterated at HC Wainwright

HC Wainwright restated their buy rating on shares of LightPath Technologies (NASDAQ:LPTH) in a research note issued to investors on Monday,Benzinga reports. The firm currently has a $5.00 price target on the technology company’s stock. HC Wainwright also issued estimates for LightPath Technologies’ FY2025 earnings at ($0.22) EPS and FY2026 earnings at ($0.14) EPS.

Separately, Craig Hallum started coverage on shares of LightPath Technologies in a report on Monday, April 28th. They issued a “buy” rating and a $5.50 price target on the stock. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, LightPath Technologies has a consensus rating of “Moderate Buy” and an average target price of $4.88.

LightPath Technologies Trading Up 5.4%

Shares of LPTH opened at $2.33 on Monday. The company has a current ratio of 1.53, a quick ratio of 0.90 and a debt-to-equity ratio of 0.03. The firm’s 50-day moving average is $2.15 and its two-hundred day moving average is $2.40. LightPath Technologies has a twelve month low of $1.04 and a twelve month high of $4.42. The firm has a market capitalization of $99.95 million, a P/E ratio of -9.71 and a beta of 0.84.

LightPath Technologies (NASDAQ:LPTH) last issued its earnings results on Thursday, May 15th. The technology company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.05). LightPath Technologies had a negative return on equity of 31.13% and a negative net margin of 28.57%. The company had revenue of $9.17 million for the quarter, compared to analyst estimates of $8.78 million. During the same quarter in the previous year, the company posted ($0.07) earnings per share. On average, research analysts predict that LightPath Technologies will post -0.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On LightPath Technologies

Several institutional investors and hedge funds have recently modified their holdings of LPTH. Crewe Advisors LLC purchased a new position in shares of LightPath Technologies during the fourth quarter valued at approximately $28,000. Cubist Systematic Strategies LLC purchased a new position in shares of LightPath Technologies during the fourth quarter valued at approximately $32,000. Millennium Management LLC purchased a new position in shares of LightPath Technologies during the fourth quarter valued at approximately $53,000. Ironwood Investment Counsel LLC lifted its stake in shares of LightPath Technologies by 14.8% during the first quarter. Ironwood Investment Counsel LLC now owns 32,150 shares of the technology company’s stock valued at $65,000 after buying an additional 4,150 shares during the period. Finally, Legato Capital Management LLC purchased a new position in shares of LightPath Technologies during the fourth quarter valued at approximately $83,000. Hedge funds and other institutional investors own 56.29% of the company’s stock.

LightPath Technologies Company Profile

LightPath Technologies, Inc designs, develops, manufactures, and distributes optical components and assemblies. The company offers precision molded glass aspheric optics, molded and diamond-turned infrared aspheric lenses, and other optical components used to produce products that manipulate light; and infrared products, including catalog and custom infrared optics.