Lantronix (NASDAQ:LTRX) Stock Rating Lowered by StockNews.com

Lantronix (NASDAQ:LTRX) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Friday.

Several other equities analysts have also issued reports on LTRX. Roth Mkm restated a “buy” rating and set a $9.00 price target on shares of Lantronix in a research note on Monday, June 17th. Needham & Company LLC restated a “buy” rating and set a $7.00 price objective on shares of Lantronix in a report on Friday, September 6th. Finally, Canaccord Genuity Group started coverage on Lantronix in a research note on Wednesday, September 11th. They issued a “buy” rating and a $7.50 price target for the company. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $7.30.

Lantronix Trading Down 0.8 %

LTRX stock traded down $0.03 on Friday, hitting $3.89. 158,711 shares of the company were exchanged, compared to its average volume of 279,892. Lantronix has a twelve month low of $3.08 and a twelve month high of $6.95. The business’s fifty day moving average is $3.78 and its two-hundred day moving average is $3.67. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.95 and a quick ratio of 2.03. The stock has a market capitalization of $146.19 million, a price-to-earnings ratio of -21.61 and a beta of 2.13.

Lantronix (NASDAQ:LTRX) last issued its quarterly earnings data on Thursday, September 5th. The technology company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.02. Lantronix had a negative net margin of 2.82% and a negative return on equity of 2.14%. The firm had revenue of $49.08 million for the quarter, compared to the consensus estimate of $49.10 million. As a group, research analysts forecast that Lantronix will post -0.01 earnings per share for the current year.

Insider Activity

In other news, major shareholder Bernhard Bruscha sold 8,435 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $4.00, for a total value of $33,740.00. Following the completion of the transaction, the insider now directly owns 5,373,036 shares in the company, valued at approximately $21,492,144. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders sold 89,014 shares of company stock worth $371,386. 17.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of LTRX. Wasatch Advisors LP increased its holdings in shares of Lantronix by 11.4% in the fourth quarter. Wasatch Advisors LP now owns 1,622,343 shares of the technology company’s stock worth $9,507,000 after purchasing an additional 165,711 shares during the last quarter. Essex Investment Management Co. LLC grew its stake in Lantronix by 1.6% during the 1st quarter. Essex Investment Management Co. LLC now owns 404,158 shares of the technology company’s stock valued at $1,439,000 after purchasing an additional 6,171 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Lantronix during the 1st quarter worth about $55,000. Vanguard Group Inc. lifted its stake in shares of Lantronix by 10.3% in the 1st quarter. Vanguard Group Inc. now owns 1,402,989 shares of the technology company’s stock valued at $4,995,000 after purchasing an additional 131,476 shares during the period. Finally, Acadian Asset Management LLC purchased a new stake in Lantronix in the 1st quarter worth $369,000. Hedge funds and other institutional investors 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.