Investment analysts at StockNews.com started coverage on shares of LightPath Technologies (NASDAQ:LPTH – Get Free Report) in a note issued to investors on Saturday. The brokerage set a “hold” rating on the technology company’s stock.
Separately, HC Wainwright reiterated a “buy” rating and set a $3.00 price objective on shares of LightPath Technologies in a research note on Friday, September 20th.
Read Our Latest Stock Analysis on LPTH
LightPath Technologies Stock Performance
LightPath Technologies (NASDAQ:LPTH – Get Free Report) last announced its quarterly earnings data on Thursday, September 19th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). The business had revenue of $8.63 million during the quarter, compared to analyst estimates of $8.25 million. LightPath Technologies had a negative net margin of 25.24% and a negative return on equity of 24.55%. During the same quarter in the prior year, the company posted ($0.02) EPS. Equities research analysts anticipate that LightPath Technologies will post -0.13 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of LPTH. Vanguard Group Inc. raised its holdings in shares of LightPath Technologies by 15.6% in the first quarter. Vanguard Group Inc. now owns 1,571,852 shares of the technology company’s stock valued at $2,169,000 after buying an additional 211,626 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its position in shares of LightPath Technologies by 73.7% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 111,824 shares of the technology company’s stock worth $141,000 after purchasing an additional 47,429 shares in the last quarter. AIGH Capital Management LLC grew its stake in shares of LightPath Technologies by 5.7% during the second quarter. AIGH Capital Management LLC now owns 3,723,932 shares of the technology company’s stock valued at $4,692,000 after purchasing an additional 200,000 shares during the last quarter. Murphy Pohlad Asset Management LLC increased its holdings in shares of LightPath Technologies by 22.8% in the second quarter. Murphy Pohlad Asset Management LLC now owns 56,500 shares of the technology company’s stock valued at $71,000 after purchasing an additional 10,500 shares in the last quarter. Finally, Archon Capital Management LLC raised its position in LightPath Technologies by 1.8% in the 1st quarter. Archon Capital Management LLC now owns 2,082,934 shares of the technology company’s stock worth $2,874,000 after purchasing an additional 37,400 shares during the last quarter. Institutional investors own 56.29% of the company’s stock.
About LightPath Technologies
LightPath Technologies, Inc designs, develops, manufactures, and distributes optical components and assemblies. The company offers precision molded glass aspheric optics, molded and diamond-turned infrared aspheric lenses, and other optical components used to produce products that manipulate light; and infrared products, including catalog and custom infrared optics.
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