Lantronix, Inc. (NASDAQ:LTRX) Receives $6.00 Consensus PT from Analysts

Shares of Lantronix, Inc. (NASDAQ:LTRX) have been given an average recommendation of “Buy” by the five research firms that are covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have covered the stock in the last year is $6.00.

Several research firms recently issued reports on LTRX. Canaccord Genuity Group decreased their target price 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. Lake Street Capital decreased their target price 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. Finally, Needham & Company LLC reissued a “buy” rating and issued a $5.50 target price on shares of Lantronix in a research report on Tuesday, January 21st.

Lantronix Stock Performance

NASDAQ:LTRX opened at $2.71 on Tuesday. The company has a current ratio of 2.56, a quick ratio of 1.69 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average price of $3.32 and a two-hundred day moving average price of $3.55. Lantronix has a twelve month low of $2.48 and a twelve month high of $4.55. The company has a market capitalization of $105.12 million, a P/E ratio of -20.85 and a beta of 2.00.

Lantronix (NASDAQ:LTRX) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates 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, research analysts expect that Lantronix will post -0.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Kevin S. Palatnik purchased 20,000 shares of Lantronix stock in a transaction dated Friday, February 28th. The stock was bought at an average price of $2.54 per share, with a total value of $50,800.00. Following the completion of the acquisition, the director now owns 20,000 shares in the company, valued at $50,800. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Hoshi Printer purchased 15,000 shares of Lantronix stock in a transaction dated Wednesday, March 5th. The shares were purchased at an average cost of $2.70 per share, with a total value of $40,500.00. Following the acquisition, the director now owns 191,425 shares of the company’s stock, valued at approximately $516,847.50. This trade represents a 8.50 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 50,000 shares of company stock worth $129,250. Insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Lantronix

Several hedge funds and other institutional investors have recently modified their holdings of LTRX. Amundi acquired a new stake in Lantronix in the fourth quarter worth about $42,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Lantronix in the third quarter worth about $60,000. Balyasny Asset Management L.P. acquired a new stake in Lantronix in the fourth quarter worth about $79,000. Wolverine Trading LLC acquired a new stake in Lantronix in the fourth quarter worth about $95,000. Finally, Algert Global LLC lifted its holdings in Lantronix by 49.5% in the fourth quarter. Algert Global LLC now owns 27,728 shares of the technology company’s stock worth $114,000 after purchasing an additional 9,180 shares during the period. Institutional investors and hedge funds own 39.38% 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.