Analysts Set Lantronix, Inc. (NASDAQ:LTRX) PT at $6.50

Shares of Lantronix, Inc. (NASDAQ:LTRX) have received an average rating of “Buy” from the five brokerages that are presently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation. The average 12 month target price among analysts that have issued a report on the stock in the last year is $6.50.

A number of equities analysts have issued reports on the company. StockNews.com cut Lantronix from a “strong-buy” rating to a “buy” rating in a report on Monday, November 11th. Needham & Company LLC decreased their price target 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. Finally, Canaccord Genuity Group dropped their price objective on shares of Lantronix from $7.50 to $5.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th.

Lantronix Price Performance

Shares of NASDAQ LTRX opened at $4.10 on Thursday. The stock has a 50-day moving average price of $3.43 and a two-hundred day moving average price of $3.66. Lantronix has a 12 month low of $2.48 and a 12 month high of $6.95. 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 company has a market cap of $157.75 million, a price-to-earnings ratio of -29.28 and a beta of 2.04.

Insider Activity

In other Lantronix news, major shareholder Bernhard Bruscha sold 25,000 shares of Lantronix stock in a transaction on Monday, September 30th. The stock was sold at an average price of $4.17, for a total value of $104,250.00. Following the sale, the insider now owns 5,218,971 shares in the company, valued at $21,763,109.07. The trade was a 0.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Saleel Awsare purchased 80,000 shares of Lantronix stock in a transaction that occurred on Wednesday, November 13th. The stock was bought at an average cost of $2.66 per share, with a total value of $212,800.00. Following the completion of the transaction, the chief executive officer now owns 233,184 shares of the company’s stock, valued at $620,269.44. The trade was a 52.22 % increase in their ownership of the stock. 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

A number of institutional investors have recently made changes to their positions in LTRX. ProShare Advisors LLC purchased a new position in shares of Lantronix during the 2nd quarter valued at approximately $42,000. Mackenzie Financial Corp bought a new stake in shares of Lantronix in the 2nd quarter worth about $50,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Lantronix in the 3rd quarter valued at about $60,000. American Century Companies Inc. lifted its position in shares of Lantronix by 27.6% during the second quarter. American Century Companies Inc. now owns 26,319 shares of the technology company’s stock worth $93,000 after purchasing an additional 5,693 shares during the last quarter. Finally, Barclays PLC increased its holdings in Lantronix by 235.9% in 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 last quarter. 39.38% of the stock is owned by institutional investors and hedge funds.

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.