Lantronix, Inc. (NASDAQ:LTRX) Receives Consensus Rating of “Buy” from Analysts

Shares of Lantronix, Inc. (NASDAQ:LTRX) have been given an average recommendation of “Buy” by the five brokerages that are currently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have covered the stock in the last year is $7.30.

Several analysts have issued reports on LTRX shares. Roth Mkm reaffirmed a “buy” rating and issued a $9.00 price target on shares of Lantronix in a report on Monday, June 17th. Canaccord Genuity Group started coverage on shares of Lantronix in a report on Wednesday, September 11th. They issued a “buy” rating and a $7.50 price target on the stock. Needham & Company LLC reissued a “buy” rating and set a $7.00 price objective on shares of Lantronix in a research note on Friday, September 6th. Finally, StockNews.com downgraded shares of Lantronix from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 10th.

Lantronix Trading Down 3.6 %

Shares of LTRX opened at $4.28 on Tuesday. The company has a current ratio of 2.95, a quick ratio of 1.32 and a debt-to-equity ratio of 0.16. The firm’s 50-day moving average is $3.75 and its two-hundred day moving average is $3.66. Lantronix has a twelve month low of $3.08 and a twelve month high of $6.95. The firm has a market capitalization of $160.84 million, a P/E ratio of -23.78 and a beta of 2.12.

Insiders Place Their Bets

In other news, major shareholder Bernhard Bruscha sold 8,435 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $4.00, for a total value of $33,740.00. Following the transaction, the insider now directly owns 5,373,036 shares in the company, valued at approximately $21,492,144. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 64,014 shares of company stock valued at $267,136 in the last ninety days. Corporate insiders own 17.30% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Mackenzie Financial Corp bought a new position in shares of Lantronix in the 2nd quarter worth about $50,000. Marshall Wace LLP lifted its position in Lantronix by 260.2% in the 2nd quarter. Marshall Wace LLP now owns 160,270 shares of the technology company’s stock valued at $569,000 after purchasing an additional 115,772 shares during the last quarter. ProShare Advisors LLC bought a new stake in Lantronix in the 2nd quarter valued at about $42,000. XTX Topco Ltd lifted its position in Lantronix by 217.7% in the 2nd 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 last quarter. Finally, First Eagle Investment Management LLC lifted its position in Lantronix by 65.0% in the 2nd quarter. First Eagle Investment Management LLC now owns 855,234 shares of the technology company’s stock valued at $3,036,000 after purchasing an additional 336,781 shares during the last quarter. 39.38% of the stock is currently owned by institutional investors.

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.