Lantronix, Inc. (NASDAQ:LTRX) Receives $6.50 Consensus Price Target from Brokerages

Shares of Lantronix, Inc. (NASDAQ:LTRX) have earned an average rating of “Buy” from the five analysts that are covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $6.50.

A number of research firms recently commented on LTRX. Needham & Company LLC reiterated a “buy” rating and issued a $5.50 target price on shares of Lantronix in a report on Tuesday. StockNews.com downgraded Lantronix from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 11th. Finally, Canaccord Genuity Group reduced their price objective on Lantronix from $7.50 to $5.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th.

Insider Activity

In related news, CEO Saleel Awsare purchased 80,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were acquired at an average cost of $2.66 per share, with a total value of $212,800.00. Following the completion of the purchase, 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 position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Hoshi Printer bought 15,000 shares of the stock in a transaction on Tuesday, November 26th. The stock was purchased at an average price of $2.90 per share, for a total transaction of $43,500.00. Following the purchase, the director now directly owns 176,075 shares of the company’s stock, valued at approximately $510,617.50. This represents a 9.31 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Lantronix

Hedge funds and other institutional investors have recently made changes to their positions in the company. ProShare Advisors LLC acquired a new position in Lantronix in the second quarter worth approximately $42,000. Mackenzie Financial Corp bought a new stake in Lantronix in the second quarter worth approximately $50,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Lantronix in the third quarter worth approximately $60,000. American Century Companies Inc. increased its stake in shares of Lantronix by 27.6% during the 2nd 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 raised its holdings in shares of Lantronix by 235.9% during the 3rd quarter. Barclays PLC now owns 62,321 shares of the technology company’s stock valued at $257,000 after purchasing an additional 43,770 shares in the last quarter. 39.38% of the stock is owned by hedge funds and other institutional investors.

Lantronix Price Performance

Shares of NASDAQ:LTRX opened at $3.99 on Monday. The stock has a market cap of $153.50 million, a price-to-earnings ratio of -28.50 and a beta of 1.94. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.61 and a quick ratio of 1.78. Lantronix has a 12 month low of $2.48 and a 12 month high of $6.90. The stock’s 50 day moving average price is $3.50 and its 200 day moving average price is $3.69.

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

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.