Lantronix (NASDAQ:LTRX) Upgraded to Strong-Buy at StockNews.com

Lantronix (NASDAQ:LTRX) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday.

A number of other equities analysts have also commented on LTRX. Roth Mkm reiterated a “buy” rating and issued a $9.00 price objective on shares of Lantronix in a report on Tuesday, April 30th. Needham & Company LLC reiterated a “buy” rating and issued a $7.00 price target on shares of Lantronix in a research note on Tuesday, April 30th. Craig Hallum lowered their price objective on Lantronix from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Tuesday, April 30th. Finally, Lake Street Capital dropped their price objective on Lantronix from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Tuesday, April 30th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $8.50.

Lantronix Trading Down 0.5 %

NASDAQ:LTRX opened at $3.75 on Friday. The firm has a market capitalization of $140.93 million, a PE ratio of -20.83 and a beta of 2.05. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.25 and a quick ratio of 1.32. Lantronix has a 12 month low of $3.08 and a 12 month high of $6.95. The business’s 50-day moving average is $3.51 and its two-hundred day moving average is $4.69.

Lantronix (NASDAQ:LTRX) last posted its quarterly earnings data on Monday, April 29th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). Lantronix had a negative net margin of 4.48% and a negative return on equity of 8.47%. The company had revenue of $41.18 million for the quarter, compared to analyst estimates of $40.80 million. Research analysts predict that Lantronix will post -0.06 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Jason Cohenour bought 21,000 shares of Lantronix stock in a transaction on Thursday, May 2nd. The shares were bought at an average price of $3.63 per share, with a total value of $76,230.00. Following the acquisition, the director now directly owns 33,909 shares in the company, valued at approximately $123,089.67. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Lantronix news, Director Jason Cohenour acquired 21,000 shares of the stock in a transaction that occurred on Thursday, May 2nd. The stock was acquired at an average price of $3.63 per share, with a total value of $76,230.00. Following the transaction, the director now directly owns 33,909 shares in the company, valued at $123,089.67. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Saleel Awsare purchased 10,000 shares of the stock in a transaction dated Thursday, May 2nd. The shares were purchased at an average price of $3.66 per share, with a total value of $36,600.00. Following the transaction, the chief executive officer now directly owns 30,000 shares of the company’s stock, valued at approximately $109,800. The disclosure for this purchase can be found here. Insiders own 17.30% of the company’s stock.

Institutional Investors Weigh In On Lantronix

Institutional investors and hedge funds have recently modified their holdings of the stock. Citigroup Inc. purchased a new position in Lantronix in the 3rd quarter worth about $35,000. Algert Global LLC acquired a new stake in shares of Lantronix during the third quarter valued at approximately $50,000. Jump Financial LLC acquired a new stake in shares of Lantronix during the third quarter valued at approximately $66,000. SG Americas Securities LLC purchased a new stake in shares of Lantronix in the 1st quarter valued at approximately $55,000. Finally, Quadrature Capital Ltd acquired a new position in Lantronix in the 3rd quarter worth approximately $109,000. 39.38% of the stock is owned by institutional investors and hedge funds.

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.