Lantronix, Inc. (NASDAQ:LTRX) Receives $6.50 Average PT from Analysts

Shares of Lantronix, Inc. (NASDAQ:LTRX) have earned a consensus rating of “Buy” from the five research firms that are currently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $6.50.

Several brokerages have recently weighed in on LTRX. Needham & Company LLC reiterated a “buy” rating and set a $5.50 price target on shares of Lantronix in a research note on Tuesday, January 21st. StockNews.com lowered Lantronix from a “strong-buy” rating to a “buy” rating in a report on Monday, November 11th. Finally, Canaccord Genuity Group decreased their price objective on Lantronix from $7.50 to $5.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th.

Lantronix Trading Down 1.3 %

Shares of LTRX stock opened at $3.94 on Monday. The stock has a market capitalization of $151.57 million, a P/E ratio of -28.14 and a beta of 1.94. The company has a current ratio of 2.61, a quick ratio of 1.78 and a debt-to-equity ratio of 0.16. The firm’s 50 day moving average is $3.55 and its 200 day moving average is $3.69. Lantronix has a 12-month low of $2.48 and a 12-month high of $6.64.

Lantronix (NASDAQ:LTRX) last released its quarterly earnings results on Thursday, November 7th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.16). Lantronix had a negative net margin of 3.17% and a negative return on equity of 2.91%. The firm had revenue of $34.42 million for the quarter, compared to the consensus estimate of $37.10 million. During the same quarter in the prior year, the firm earned ($0.05) earnings per share. Research analysts expect that Lantronix will post -0.07 earnings per share for the current year.

Insider Activity

In related news, Director Hoshi Printer purchased 15,000 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were acquired at an average price of $2.90 per share, for a total transaction of $43,500.00. Following the purchase, the director now owns 176,075 shares of the company’s stock, valued at $510,617.50. This trade represents a 9.31 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Saleel Awsare purchased 80,000 shares of the stock in a transaction on Wednesday, November 13th. The shares were purchased at an average cost of $2.66 per share, with a total value of $212,800.00. Following the transaction, the chief executive officer now owns 233,184 shares in the company, valued at $620,269.44. This trade represents a 52.22 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Lantronix

Several institutional investors and hedge funds have recently modified their holdings of the stock. ProShare Advisors LLC purchased a new position in Lantronix during the second quarter valued at approximately $42,000. Mackenzie Financial Corp purchased a new position in shares of Lantronix during the 2nd quarter valued at approximately $50,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Lantronix during the third quarter worth $60,000. American Century Companies Inc. grew its position in Lantronix by 27.6% during the second 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 during the period. Finally, Barclays PLC grew its position in Lantronix by 235.9% during the third quarter. Barclays PLC now owns 62,321 shares of the technology company’s stock valued at $257,000 after buying an additional 43,770 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.