Analysts at StockNews.com assumed coverage on shares of LightPath Technologies (NASDAQ:LPTH – Get Free Report) in a research report issued on Sunday. The firm set a “hold” rating on the technology company’s stock.
Separately, Lake Street Capital assumed coverage on LightPath Technologies in a report on Thursday, January 18th. They set a “buy” rating and a $3.00 target price for the company.
Read Our Latest Stock Report on LPTH
LightPath Technologies Stock Up 2.8 %
LightPath Technologies (NASDAQ:LPTH – Get Free Report) last posted its quarterly earnings results on Thursday, February 8th. The technology company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The business had revenue of $7.32 million during the quarter, compared to analysts’ expectations of $8.72 million. LightPath Technologies had a negative net margin of 15.48% and a negative return on equity of 14.22%. On average, research analysts expect that LightPath Technologies will post -0.14 earnings per share for the current year.
Institutional Trading of LightPath Technologies
A number of institutional investors have recently modified their holdings of the company. Murphy Pohlad Asset Management LLC grew its holdings in shares of LightPath Technologies by 240.7% during the 4th quarter. Murphy Pohlad Asset Management LLC now owns 46,000 shares of the technology company’s stock worth $58,000 after purchasing an additional 32,500 shares during the period. Commonwealth Equity Services LLC purchased a new stake in shares of LightPath Technologies during the 3rd quarter worth about $50,000. B. Riley Wealth Advisors Inc. lifted its position in LightPath Technologies by 73.7% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 111,824 shares of the technology company’s stock worth $141,000 after acquiring an additional 47,429 shares in the last quarter. Worth Venture Partners LLC lifted its position in LightPath Technologies by 9.9% during the 3rd quarter. Worth Venture Partners LLC now owns 929,611 shares of the technology company’s stock worth $1,348,000 after acquiring an additional 83,649 shares in the last quarter. Finally, AMH Equity Ltd lifted its position in LightPath Technologies by 3.7% during the 3rd quarter. AMH Equity Ltd now owns 2,508,201 shares of the technology company’s stock worth $3,637,000 after acquiring an additional 88,501 shares in the last quarter. Hedge funds and other institutional investors own 56.29% of the company’s stock.
About LightPath Technologies
LightPath Technologies, Inc designs, develops, manufactures, and distributes optical components and assemblies. The company offers precision molded glass aspheric optics, molded and diamond-turned infrared aspheric lenses, and other optical components used to produce products that manipulate light; and infrared products, including catalog and custom infrared optics.
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