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

Lantronix, Inc. (NASDAQ:LTRX) has earned an average rating of “Buy” from the five analysts that are presently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a buy rating. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $6.00.

A number of brokerages recently commented on LTRX. StockNews.com cut Lantronix from a “strong-buy” rating to a “buy” rating in a report on Monday, November 11th. Canaccord Genuity Group dropped their price target on Lantronix from $5.00 to $4.50 and set a “buy” rating for the company in a research report on Friday, February 7th. Lake Street Capital dropped their target price on Lantronix from $6.00 to $5.00 and set a “buy” rating for the company in a research report on Friday, February 7th. Finally, Needham & Company LLC restated a “buy” rating and set a $5.50 target price on shares of Lantronix in a research report on Tuesday, January 21st.

Insiders Place Their Bets

In other news, Director Hoshi Printer acquired 15,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were bought at an average cost of $2.90 per share, for a total transaction of $43,500.00. Following the acquisition, the director now owns 176,075 shares in the company, valued at approximately $510,617.50. This represents a 9.31 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of LTRX. Barclays PLC increased its holdings in Lantronix by 235.9% in the 3rd quarter. Barclays PLC now owns 62,321 shares of the technology company’s stock valued at $257,000 after purchasing an additional 43,770 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Lantronix by 3.2% in the third quarter. Geode Capital Management LLC now owns 338,202 shares of the technology company’s stock worth $1,394,000 after acquiring an additional 10,413 shares in the last quarter. Walleye Capital LLC grew its stake in shares of Lantronix by 61.9% during the third quarter. Walleye Capital LLC now owns 71,467 shares of the technology company’s stock worth $294,000 after purchasing an additional 27,325 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Lantronix during the third quarter worth $60,000. Finally, Marshall Wace LLP lifted its position in Lantronix by 16.5% in the fourth quarter. Marshall Wace LLP now owns 483,868 shares of the technology company’s stock valued at $1,994,000 after acquiring an additional 68,669 shares during the last quarter. 39.38% of the stock is owned by hedge funds and other institutional investors.

Lantronix Stock Up 0.7 %

LTRX stock opened at $3.05 on Friday. Lantronix has a twelve month low of $2.48 and a twelve month high of $4.55. The company has a quick ratio of 1.78, a current ratio of 2.61 and a debt-to-equity ratio of 0.16. The firm has a market cap of $117.33 million, a PE ratio of -23.46 and a beta of 1.94. The business has a 50 day moving average of $3.74 and a 200 day moving average of $3.68.

Lantronix (NASDAQ:LTRX) last issued its earnings results on Thursday, February 13th. The technology company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.13). Lantronix had a negative net margin of 3.15% and a negative return on equity of 2.60%. On average, research analysts forecast that Lantronix will post -0.07 EPS 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.