Analysts Set Lantronix, Inc. (NASDAQ:LTRX) PT at $7.30

Lantronix, Inc. (NASDAQ:LTRX) has earned an average rating of “Buy” from the five ratings firms that are covering the company, Marketbeat reports. Five research analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $7.30.

LTRX has been the subject of a number of analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $7.00 price objective on shares of Lantronix in a report on Friday, September 6th. StockNews.com downgraded Lantronix from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 10th. Roth Mkm reissued a “buy” rating and issued a $9.00 price objective on shares of Lantronix in a research note on Monday, June 17th. Finally, Canaccord Genuity Group began coverage on Lantronix in a report on Wednesday, September 11th. They issued a “buy” rating and a $7.50 target price on the stock.

Lantronix Stock Performance

NASDAQ LTRX opened at $3.95 on Tuesday. The company has a market cap of $148.25 million, a P/E ratio of -21.92 and a beta of 2.12. The company has a fifty day simple moving average of $3.76 and a 200 day simple moving average of $3.66. The company has a current ratio of 2.95, a quick ratio of 1.32 and a debt-to-equity ratio of 0.16. Lantronix has a 12-month low of $3.08 and a 12-month high of $6.95.

Insider Buying and Selling at Lantronix

In related news, major shareholder Bernhard Bruscha sold 31,630 shares of Lantronix stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $4.32, for a total transaction of $136,641.60. Following the sale, the insider now directly owns 5,293,503 shares in the company, valued at $22,867,932.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders sold 64,014 shares of company stock worth $267,136. Insiders own 17.30% of the company’s stock.

Institutional Trading of Lantronix

A number of large investors have recently added to or reduced their stakes in the stock. First Eagle Investment Management LLC raised its stake in shares of Lantronix by 65.0% in the second quarter. First Eagle Investment Management LLC now owns 855,234 shares of the technology company’s stock valued at $3,036,000 after buying an additional 336,781 shares during the period. AWM Investment Company Inc. raised its stake in Lantronix by 29.8% in the 1st quarter. AWM Investment Company Inc. now owns 989,307 shares of the technology company’s stock valued at $3,522,000 after acquiring an additional 227,374 shares during the period. Wasatch Advisors LP raised its stake in Lantronix by 11.4% in the 4th quarter. Wasatch Advisors LP now owns 1,622,343 shares of the technology company’s stock valued at $9,507,000 after acquiring an additional 165,711 shares during the period. Dimensional Fund Advisors LP boosted its position in Lantronix by 18.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,022,193 shares of the technology company’s stock worth $3,629,000 after purchasing an additional 159,671 shares during the period. Finally, Renaissance Technologies LLC boosted its position in Lantronix by 30.4% during the second quarter. Renaissance Technologies LLC now owns 654,494 shares of the technology company’s stock worth $2,323,000 after purchasing an additional 152,400 shares during the period. Hedge funds and other institutional investors own 39.38% of the company’s stock.

About Lantronix

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.