Lantronix (NASDAQ:LTRX) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

Lantronix, Inc. (NASDAQ:LTRX) shares passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $6.10 and traded as low as $5.87. Lantronix shares last traded at $6.01, with a volume of 462,825 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on LTRX shares. JonesTrading assumed coverage on shares of Lantronix in a report on Wednesday, July 15th. They set a “buy” rating and a $12.00 price target on the stock. Canaccord Genuity Group increased their price objective on shares of Lantronix from $10.50 to $11.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Needham & Company LLC reissued a “buy” rating and set a $11.00 target price on shares of Lantronix in a research report on Thursday, August 27th. Wall Street Zen upgraded Lantronix from a “hold” rating to a “buy” rating in a research note on Saturday, August 29th. Finally, Lake Street Capital upped their target price on Lantronix from $8.00 to $10.00 and gave the company a “buy” rating in a report on Friday, September 18th. Six analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $10.80.

Lantronix Stock Performance

The stock has a 50 day moving average price of $6.05 and a 200 day moving average price of $6.10. The company has a market capitalization of $281.75 million, a P/E ratio of -54.64 and a beta of 1.61.

Lantronix (NASDAQ:LTRX) last posted its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.01. The company had revenue of $31.15 million during the quarter, compared to analyst estimates of $30.69 million. Lantronix had a negative net margin of 3.46% and a negative return on equity of 4.88%. Lantronix has set its Q1 2027 guidance at 0.040-0.060 EPS. As a group, sell-side analysts expect that Lantronix, Inc. will post 0.10 earnings per share for the current year.

Insider Activity

In related news, CEO Saleel Awsare purchased 15,000 shares of the firm’s stock in a transaction dated Wednesday, September 9th. The stock was bought at an average price of $5.18 per share, for a total transaction of $77,700.00. Following the purchase, the chief executive officer directly owned 453,381 shares in the company, valued at approximately $2,348,513.58. This trade represents a 3.42% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Lantronix

Several institutional investors have recently bought and sold shares of LTRX. AWM Investment Company Inc. purchased a new position in shares of Lantronix during the 2nd quarter valued at $7,350,000. Bank of New York Mellon Corp purchased a new stake in Lantronix in the 2nd quarter worth about $937,000. Sei Investments Co. increased its holdings in Lantronix by 138.0% in the 1st quarter. Sei Investments Co. now owns 261,292 shares of the technology company’s stock worth $1,369,000 after acquiring an additional 151,485 shares during the last quarter. Squarepoint Ops LLC raised its stake in Lantronix by 215.5% in the 2nd quarter. Squarepoint Ops LLC now owns 254,886 shares of the technology company’s stock valued at $1,499,000 after acquiring an additional 174,086 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its stake in Lantronix by 41.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 945,025 shares of the technology company’s stock valued at $4,952,000 after acquiring an additional 275,842 shares during the period. Hedge funds and other institutional investors own 39.38% of the company’s stock.

Lantronix Company Profile

Lantronix, Inc (NASDAQ: LTRX) is a provider of Internet of Things (IoT) and edge-computing solutions that help organizations connect, manage, and secure devices and equipment. The company serves customers in industrial, enterprise, transportation, healthcare, smart-city, and other applications where reliable remote connectivity and device management are required.

Its portfolio includes embedded networking modules, industrial and cellular gateways, routers, out-of-band management products, and software for remotely provisioning, monitoring, and managing connected devices.