Lantronix, Inc. (NASDAQ:LTRX) Stock Rated “Moderate Buy” by Wall Street Analysts

Shares of Lantronix, Inc. (NASDAQ:LTRX) have received an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and six have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $10.80.

Several equities analysts have commented on LTRX shares. Wall Street Zen raised Lantronix from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. Canaccord Genuity Group lifted their price objective on Lantronix from $10.50 to $11.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lantronix in a report on Thursday, October 15th. Needham & Company LLC restated a “buy” rating and set a $11.00 price objective on shares of Lantronix in a research report on Thursday, August 27th. 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 research note on Friday, September 18th.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Lantronix

A number of hedge funds have recently made changes to their positions in LTRX. AWM Investment Company Inc. bought a new stake in Lantronix in the second quarter valued at about $7,350,000. Arrowstreet Capital Limited Partnership lifted its stake in Lantronix by 41.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 945,025 shares of the technology company’s stock worth $4,952,000 after purchasing an additional 275,842 shares during the period. Renaissance Technologies LLC lifted its stake in Lantronix by 8.8% during the first quarter. Renaissance Technologies LLC now owns 690,194 shares of the technology company’s stock worth $3,617,000 after purchasing an additional 56,000 shares during the period. Sei Investments Co. lifted its stake in Lantronix by 138.0% during the first quarter. Sei Investments Co. now owns 261,292 shares of the technology company’s stock worth $1,369,000 after purchasing an additional 151,485 shares during the period. Finally, Squarepoint Ops LLC boosted its holdings in Lantronix by 215.5% during the second quarter. Squarepoint Ops LLC now owns 254,886 shares of the technology company’s stock valued at $1,499,000 after purchasing an additional 174,086 shares in the last quarter. Institutional investors and hedge funds own 39.38% of the company’s stock.

Lantronix Stock Performance

Shares of LTRX opened at $5.65 on Thursday. The company has a 50-day simple moving average of $6.04 and a 200-day simple moving average of $6.09. The firm has a market capitalization of $264.87 million, a P/E ratio of -51.36 and a beta of 1.36. Lantronix has a 52 week low of $4.40 and a 52 week high of $8.75.

Lantronix (NASDAQ:LTRX) last released its 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. Lantronix had a negative net margin of 3.46% and a negative return on equity of 4.88%. The business had revenue of $31.15 million during the quarter, compared to analysts’ expectations of $30.69 million. Lantronix has set its Q1 2027 guidance at 0.040-0.060 EPS. As a group, equities analysts forecast that Lantronix will post 0.10 earnings per share for the current year.

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.