Lantronix, Inc. to Post Q4 2024 Earnings of $0.06 Per Share, Roth Capital Forecasts (NASDAQ:LTRX)

Lantronix, Inc. (NASDAQ:LTRX) – Equities researchers at Roth Capital decreased their Q4 2024 EPS estimates for Lantronix in a research report issued to clients and investors on Tuesday, August 20th. Roth Capital analyst S. Searle now expects that the technology company will earn $0.06 per share for the quarter, down from their previous estimate of $0.07. The consensus estimate for Lantronix’s current full-year earnings is ($0.06) per share. Roth Capital also issued estimates for Lantronix’s Q4 2025 earnings at $0.03 EPS.

Other analysts have also recently issued research reports about the stock. Lake Street Capital cut their price target on shares of Lantronix from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Tuesday, April 30th. Roth Mkm reissued a “buy” rating and set a $9.00 target price on shares of Lantronix in a report on Monday, June 17th. Craig Hallum lowered their price target on shares of Lantronix from $7.00 to $6.00 and set a “buy” rating for the company in a report on Tuesday, April 30th. Needham & Company LLC reiterated a “buy” rating and set a $7.00 target price on shares of Lantronix in a research report on Tuesday, April 30th. Finally, StockNews.com raised shares of Lantronix from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 25th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $8.50.

Lantronix Price Performance

NASDAQ:LTRX opened at $3.61 on Wednesday. The company has a market cap of $135.66 million, a P/E ratio of -20.06 and a beta of 2.13. Lantronix has a 52-week low of $3.08 and a 52-week high of $6.95. The stock’s 50-day simple moving average is $3.69 and its 200 day simple moving average is $3.75. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.32 and a current ratio of 2.25.

Institutional Investors Weigh In On Lantronix

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LTRX. Mackenzie Financial Corp bought a new position in shares of Lantronix during the 2nd quarter valued at approximately $50,000. Marshall Wace LLP grew its stake in Lantronix by 260.2% during the 2nd quarter. Marshall Wace LLP now owns 160,270 shares of the technology company’s stock worth $569,000 after buying an additional 115,772 shares during the last quarter. ProShare Advisors LLC acquired a new stake in Lantronix in the 2nd quarter worth approximately $42,000. XTX Topco Ltd increased its holdings in shares of Lantronix by 217.7% in the second quarter. XTX Topco Ltd now owns 149,855 shares of the technology company’s stock valued at $532,000 after purchasing an additional 102,688 shares during the period. Finally, First Eagle Investment Management LLC raised its stake in shares of Lantronix by 65.0% in the second quarter. First Eagle Investment Management LLC now owns 855,234 shares of the technology company’s stock worth $3,036,000 after purchasing an additional 336,781 shares during the last quarter. 39.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Lantronix

In related news, major shareholder Bernhard Bruscha sold 23,949 shares of the firm’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $4.04, for a total value of $96,753.96. Following the completion of the transaction, the insider now directly owns 5,381,471 shares of the company’s stock, valued at $21,741,142.84. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 17.30% of the company’s stock.

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.