Lantronix, Inc. (NASDAQ:LTRX) Receives $6.50 Consensus Price Target from Analysts

Shares of Lantronix, Inc. (NASDAQ:LTRX) have been given a consensus recommendation of “Buy” by the five analysts that are presently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a buy recommendation. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $6.50.

A number of research firms recently commented on LTRX. Canaccord Genuity Group dropped their price objective on Lantronix from $7.50 to $5.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Needham & Company LLC restated a “buy” rating and set a $5.50 price objective on shares of Lantronix in a report on Tuesday. Finally, StockNews.com downgraded shares of 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, Director Hoshi Printer purchased 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was acquired at an average cost of $2.90 per share, with a total value of $43,500.00. Following the completion of the purchase, the director now directly owns 176,075 shares in the company, valued at approximately $510,617.50. This represents a 9.31 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Saleel Awsare bought 80,000 shares of Lantronix stock in a transaction on Wednesday, November 13th. The shares were bought at an average price of $2.66 per share, for a total transaction of $212,800.00. Following the acquisition, the chief executive officer now owns 233,184 shares of the company’s stock, valued at approximately $620,269.44. The trade was a 52.22 % increase in their position. The disclosure for this purchase can be found here. 1.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Lantronix

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

Lantronix Price Performance

NASDAQ LTRX opened at $3.94 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.78 and a current ratio of 2.61. Lantronix has a 1 year low of $2.48 and a 1 year high of $6.64. The stock has a market capitalization of $151.59 million, a P/E ratio of -28.14 and a beta of 1.94. The business’s fifty day moving average is $3.55 and its two-hundred day moving average is $3.69.

Lantronix (NASDAQ:LTRX) last announced its earnings results on Thursday, November 7th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.16). The firm had revenue of $34.42 million for the quarter, compared to analyst estimates 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 last year, the firm earned ($0.05) earnings per share. On average, research analysts forecast that Lantronix will post -0.07 earnings per share for the current fiscal year.

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.