Lantronix, Inc. (NASDAQ:LTRX) Director Acquires $43,500.00 in Stock

Lantronix, Inc. (NASDAQ:LTRX) Director Hoshi Printer purchased 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was bought at an average price of $2.90 per share, with a total value of $43,500.00. Following the transaction, the director now directly owns 176,075 shares in the company, valued at $510,617.50. This trade represents a 9.31 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Lantronix Stock Performance

Shares of LTRX opened at $3.00 on Friday. The company has a market capitalization of $115.43 million, a PE ratio of -21.43 and a beta of 2.14. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.78 and a current ratio of 2.61. The company’s 50 day moving average price is $3.60 and its 200 day moving average price is $3.70. Lantronix, Inc. has a 52 week low of $2.48 and a 52 week high of $6.95.

Lantronix (NASDAQ:LTRX) last posted its quarterly earnings results on Thursday, September 5th. The technology company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. The business had revenue of $49.08 million for the quarter, compared to the consensus estimate of $49.10 million. Lantronix had a negative net margin of 3.17% and a negative return on equity of 2.91%. Research analysts expect that Lantronix, Inc. will post -0.07 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on LTRX shares. Needham & Company LLC reduced their price objective on shares of Lantronix from $7.00 to $5.50 and set a “buy” rating for the company in a research note on Monday, November 11th. StockNews.com lowered shares of Lantronix from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 11th. Finally, Canaccord Genuity Group cut their target price on shares of Lantronix from $7.50 to $5.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Lantronix presently has a consensus rating of “Buy” and an average target price of $6.50.

Institutional Investors Weigh In On Lantronix

Hedge funds and other institutional investors have recently made changes to their positions in the company. American Century Companies Inc. grew its stake in shares of Lantronix by 27.6% in the 2nd quarter. American Century Companies Inc. now owns 26,319 shares of the technology company’s stock valued at $93,000 after buying an additional 5,693 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Lantronix by 3.2% during the 3rd quarter. Geode Capital Management LLC now owns 338,202 shares of the technology company’s stock worth $1,394,000 after purchasing an additional 10,413 shares during the last quarter. ProShare Advisors LLC bought a new position in shares of Lantronix during the 2nd quarter valued at $42,000. Mackenzie Financial Corp acquired a new stake in shares of Lantronix in the 2nd quarter valued at $50,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Lantronix in the third quarter worth $60,000. 39.38% of the stock is owned by hedge funds and other 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.