Lyntris (NYSE:LYNX) Rating Increased to Hold at Robert W. Baird

Lyntris (NYSE:LYNX) was upgraded by equities research analysts at Robert W. Baird to a “hold” rating in a report released on Monday, Zacks reports.

A number of other equities analysts have also issued reports on LYNX. Evercore assumed coverage on shares of Lyntris in a research report on Monday. They set an “outperform” rating and a $22.00 target price on the stock. William Blair initiated coverage on shares of Lyntris in a report on Monday. They issued an “outperform” rating for the company. Wall Street Zen upgraded shares of Lyntris to a “hold” rating in a research report on Saturday, August 29th. Bank of America assumed coverage on shares of Lyntris in a report on Monday. They set a “buy” rating and a $21.00 price objective on the stock. Finally, UBS Group set a $21.00 price objective on shares of Lyntris in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $19.86.

Lyntris Price Performance

Shares of LYNX stock opened at $13.50 on Monday. Lyntris has a 12 month low of $12.21 and a 12 month high of $16.00.

Insider Activity at Lyntris

In related news, major shareholder Trive Capital Holdings Llc sold 8,333,333 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $17.50, for a total value of $145,833,327.50. Following the sale, the insider owned 11,966,544 shares of the company’s stock, valued at $209,414,520. The trade was a 41.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Brian Morrison sold 186,752 shares of the stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $16.45, for a total transaction of $3,072,070.40. Following the completion of the transaction, the chief executive officer directly owned 1,286,983 shares of the company’s stock, valued at $21,170,870.35. This trade represents a 12.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 8,912,282 shares of company stock worth $155,357,039 in the last ninety days.

About Lyntris

Lyntris Inc is a defense technology company delivering sense-to-act connectivity solutions for the modern, connected battlespace. Lyntris Inc is based in WASHINGTON.