Lantronix, Inc. (NASDAQ:LTRX) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Lantronix, Inc. (NASDAQ:LTRX) have earned an average recommendation of “Moderate Buy” from the five research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $9.25.

A number of brokerages recently commented on LTRX. Weiss Ratings restated a “sell (d-)” rating on shares of Lantronix in a research note on Tuesday, April 21st. Wall Street Zen upgraded Lantronix from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, Canaccord Genuity Group started coverage on shares of Lantronix in a research report on Monday. They set a “buy” rating and a $10.50 price target for the company.

Insider Transactions at Lantronix

In other Lantronix news, insider Mathi Gurusamy sold 14,467 shares of the company’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $6.21, for a total value of $89,840.07. Following the completion of the transaction, the insider owned 55,569 shares in the company, valued at approximately $345,083.49. This represents a 20.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Lantronix

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LTRX. R Squared Ltd increased its position in Lantronix by 24.3% in the 3rd quarter. R Squared Ltd now owns 14,073 shares of the technology company’s stock valued at $64,000 after acquiring an additional 2,754 shares during the period. Invesco Ltd. acquired a new position in Lantronix during the 4th quarter worth $68,000. Bridgeway Capital Management LLC bought a new position in shares of Lantronix in the third quarter worth $85,000. Balyasny Asset Management L.P. bought a new position in shares of Lantronix in the fourth quarter worth $86,000. Finally, XTX Topco Ltd acquired a new position in shares of Lantronix during the second quarter valued at $86,000. 39.38% of the stock is owned by institutional investors.

Lantronix Stock Performance

LTRX traded up $0.11 on Monday, hitting $6.67. 305,186 shares of the company’s stock were exchanged, compared to its average volume of 984,396. The company has a current ratio of 2.74, a quick ratio of 1.80 and a debt-to-equity ratio of 0.12. The stock has a fifty day moving average of $6.34 and a two-hundred day moving average of $6.07. Lantronix has a twelve month low of $2.28 and a twelve month high of $8.75. The firm has a market cap of $293.35 million, a PE ratio of -39.24 and a beta of 1.64.

Lantronix (NASDAQ:LTRX) last issued its earnings results on Wednesday, May 6th. The technology company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The company had revenue of $30.18 million during the quarter, compared to analyst estimates of $30.49 million. Lantronix had a negative net margin of 5.52% and a negative return on equity of 6.79%. Lantronix has set its Q4 2026 guidance at 0.030-0.050 EPS. On average, research analysts anticipate that Lantronix will post -0.11 earnings per share for the current fiscal year.

Lantronix Company Profile

Lantronix, Inc is a provider of secure data access and management solutions designed to simplify the deployment, monitoring and control of devices and equipment across a wide range of industries. Headquartered in Irvine, California, the company develops hardware and software products that enable connectivity for smart devices, industrial machinery, IT infrastructure and other systems in the Internet of Things (IoT) ecosystem.

Founded in 1989, Lantronix was among the early innovators in serial-to-Ethernet device networking and has since expanded its portfolio to include secure console servers, device servers, gateways and embedded modules.