Lantronix, Inc. (NASDAQ:LTRX) Receives $6.50 Average Target Price from Brokerages

Shares of Lantronix, Inc. (NASDAQ:LTRX) have earned a consensus rating of “Buy” from the five research firms that are currently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy rating. The average 12 month price target among brokerages that have covered the stock in the last year is $6.50.

A number of research firms have weighed in on LTRX. Canaccord Genuity Group cut their target price on shares of Lantronix from $7.50 to $5.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Needham & Company LLC reissued a “buy” rating and set a $5.50 price objective on shares of Lantronix in a research report on Tuesday. Finally, StockNews.com lowered Lantronix from a “strong-buy” rating to a “buy” rating in a report on Monday, November 11th.

Insider Activity at Lantronix

In other Lantronix news, CEO Saleel Awsare purchased 80,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were purchased at an average price of $2.66 per share, for a total transaction of $212,800.00. Following the completion of the purchase, the chief executive officer now directly owns 233,184 shares of the company’s stock, valued at approximately $620,269.44. This represents a 52.22 % 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. Also, Director Hoshi Printer acquired 15,000 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was acquired at an average price of $2.90 per share, with a total value of $43,500.00. Following the purchase, the director now owns 176,075 shares in the company, valued at approximately $510,617.50. This represents a 9.31 % increase in their position. The disclosure for this purchase can be found here. 1.60% of the stock is owned by corporate insiders.

Institutional Trading of Lantronix

Institutional investors have recently made changes to their positions in the business. ProShare Advisors LLC acquired a new position in Lantronix in the second quarter worth about $42,000. Mackenzie Financial Corp bought a new stake in shares of Lantronix in the 2nd quarter valued at approximately $50,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Lantronix in the 3rd quarter worth approximately $60,000. American Century Companies Inc. lifted its position in shares of Lantronix by 27.6% during the 2nd quarter. American Century Companies Inc. now owns 26,319 shares of the technology company’s stock worth $93,000 after buying an additional 5,693 shares during the period. Finally, Barclays PLC boosted its stake in Lantronix by 235.9% in the 3rd quarter. Barclays PLC now owns 62,321 shares of the technology company’s stock valued at $257,000 after buying an additional 43,770 shares in the last quarter. 39.38% of the stock is currently owned by institutional investors and hedge funds.

Lantronix Stock Up 5.6 %

Shares of LTRX stock opened at $3.99 on Monday. The stock’s 50 day simple moving average is $3.50 and its 200 day simple moving average is $3.69. Lantronix has a twelve month low of $2.48 and a twelve month high of $6.90. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.78 and a current ratio of 2.61. The company has a market capitalization of $153.50 million, a price-to-earnings ratio of -28.50 and a beta of 1.94.

Lantronix (NASDAQ:LTRX) last released its quarterly earnings results on Thursday, November 7th. The technology company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.16). The firm had revenue of $34.42 million during the quarter, compared to the consensus estimate of $37.10 million. Lantronix had a negative net margin of 3.17% and a negative return on equity of 2.91%. During the same period in the prior year, the business earned ($0.05) EPS. As a group, research analysts predict that Lantronix will post -0.07 EPS for the current year.

About Lantronix

Lantronix, Inc provides solutions for video surveillance, infotainment systems, and intelligent substations infrastructure in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT System Solutions, which provide wired and wireless connections that enhance the value and utility of modern electronic systems and equipment through secure network connectivity, power for IoT end devices through Power over Ethernet, application hosting, protocol conversion, media conversion, secure access for distributed IoT deployments, and various other functions; Embedded IoT Modules, such as application processing delivering compute to meet customer needs for data transformation, computer vision, machine learning, augmented/virtual reality, audio/video aggregation and distribution, and custom applications; and Software and Engineering Services offers SaaS platform that enables customers to deploy, monitor, manage, and automate across their global deployments through a single platform login.