Insider Buying: Lantronix, Inc. (NASDAQ:LTRX) Director Buys 15,000 Shares of Stock

Lantronix, Inc. (NASDAQ:LTRX) Director Hoshi Printer acquired 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average cost of $2.70 per share, for a total transaction of $40,500.00. Following the transaction, the director now owns 191,425 shares of the company’s stock, valued at approximately $516,847.50. This represents a 8.50 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Lantronix Trading Down 1.8 %

Shares of Lantronix stock opened at $2.70 on Thursday. The company’s fifty day simple moving average is $3.52 and its 200-day simple moving average is $3.59. The company has a market cap of $104.73 million, a price-to-earnings ratio of -20.77 and a beta of 1.94. The company has a current ratio of 2.56, a quick ratio of 1.69 and a debt-to-equity ratio of 0.15. Lantronix, Inc. has a 1 year low of $2.48 and a 1 year high of $4.55.

Lantronix (NASDAQ:LTRX) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.13). Lantronix had a negative return on equity of 2.62% and a negative net margin of 3.15%. As a group, sell-side analysts expect that Lantronix, Inc. will post -0.23 EPS for the current year.

Institutional Investors Weigh In On Lantronix

A number of institutional investors have recently bought and sold shares of LTRX. Amundi acquired a new stake in Lantronix during the fourth quarter worth $42,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Lantronix during the third quarter worth $60,000. Balyasny Asset Management L.P. acquired a new stake in shares of Lantronix in the 4th quarter valued at $79,000. Wolverine Trading LLC acquired a new stake in shares of Lantronix in the 4th quarter valued at $95,000. Finally, Algert Global LLC boosted its stake in shares of Lantronix by 49.5% in the 4th quarter. Algert Global LLC now owns 27,728 shares of the technology company’s stock valued at $114,000 after purchasing an additional 9,180 shares in the last quarter. Institutional investors and hedge funds own 39.38% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on LTRX shares. Canaccord Genuity Group cut their price objective on shares of Lantronix from $5.00 to $4.50 and set a “buy” rating on the stock in a research report on Friday, February 7th. Needham & Company LLC reissued a “buy” rating and issued a $5.50 price target on shares of Lantronix in a research report on Tuesday, January 21st. StockNews.com lowered shares of Lantronix from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 11th. Finally, Lake Street Capital dropped their price target on shares of Lantronix from $6.00 to $5.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Lantronix currently has an average rating of “Buy” and an average price target of $6.00.

Lantronix Company Profile

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.