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

Lantronix, Inc. (NASDAQ:LTRX) has been assigned an average recommendation of “Buy” from the five analysts that are currently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $6.50.

A number of equities analysts recently commented on the company. Canaccord Genuity Group dropped their price target on Lantronix from $7.50 to $5.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Needham & Company LLC lowered their target price on Lantronix from $7.00 to $5.50 and set a “buy” rating for the company in a research report on Monday, November 11th. Finally, StockNews.com downgraded shares of Lantronix from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 11th.

Lantronix Stock Up 0.3 %

LTRX opened at $3.78 on Thursday. The company has a market capitalization of $145.42 million, a PE ratio of -27.00 and a beta of 2.04. The firm has a 50-day simple moving average of $3.44 and a two-hundred day simple moving average of $3.65. The company has a quick ratio of 1.78, a current ratio of 2.61 and a debt-to-equity ratio of 0.16. Lantronix has a 52 week low of $2.48 and a 52 week high of $6.95.

Insider Transactions at Lantronix

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

Institutional Investors Weigh In On Lantronix

Institutional investors and hedge funds have recently modified their holdings of the business. First Eagle Investment Management LLC lifted its position in shares of Lantronix by 65.0% during 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. Dimensional Fund Advisors LP boosted its position in Lantronix by 18.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,022,193 shares of the technology company’s stock valued at $3,629,000 after buying an additional 159,671 shares during the period. Renaissance Technologies LLC grew its stake in Lantronix by 30.4% in the 2nd quarter. Renaissance Technologies LLC now owns 654,494 shares of the technology company’s stock worth $2,323,000 after acquiring an additional 152,400 shares in the last quarter. Herald Investment Management Ltd increased its position in shares of Lantronix by 17.6% during the second quarter. Herald Investment Management Ltd now owns 1,000,000 shares of the technology company’s stock worth $3,550,000 after acquiring an additional 150,000 shares during the period. Finally, Marshall Wace LLP raised its stake in shares of Lantronix by 260.2% during the second quarter. Marshall Wace LLP now owns 160,270 shares of the technology company’s stock valued at $569,000 after acquiring an additional 115,772 shares in the last quarter. 39.38% of the stock is 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.