Lantronix, Inc. (NASDAQ:LTRX) Short Interest Update

Lantronix, Inc. (NASDAQ:LTRX) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 577,000 shares, a growth of 294.4% from the June 30th total of 146,300 shares. Based on an average daily trading volume, of 238,600 shares, the short-interest ratio is presently 2.4 days.

Analyst Ratings Changes

LTRX has been the topic of a number of recent analyst reports. 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 research note on Tuesday, April 30th. Roth Mkm reiterated a “buy” rating and issued a $9.00 price objective on shares of Lantronix in a research note on Monday, June 17th. Craig Hallum dropped their price objective on Lantronix from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Tuesday, April 30th. Needham & Company LLC reiterated a “buy” rating and issued a $7.00 price objective on shares of Lantronix in a research note on Tuesday, April 30th. Finally, StockNews.com upgraded Lantronix from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 25th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $8.50.

Lantronix Stock Performance

LTRX traded up $0.07 on Thursday, hitting $3.83. 98,583 shares of the stock traded hands, compared to its average volume of 275,645. Lantronix has a 52 week low of $3.08 and a 52 week high of $6.95. The firm has a market capitalization of $143.93 million, a PE ratio of -20.89 and a beta of 2.13. The business has a fifty day moving average price of $3.74 and a two-hundred day moving average price of $4.13. The company has a current ratio of 2.25, a quick ratio of 1.32 and a debt-to-equity ratio of 0.18.

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

Insiders Place Their Bets

In related news, Director Jason Cohenour purchased 21,000 shares of Lantronix stock in a transaction on Thursday, May 2nd. The stock was bought at an average price of $3.63 per share, with a total value of $76,230.00. Following the completion of the transaction, the director now directly owns 33,909 shares of the company’s stock, valued at $123,089.67. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Jason Cohenour purchased 21,000 shares of Lantronix stock in a transaction on Thursday, May 2nd. The stock was bought at an average price of $3.63 per share, with a total value of $76,230.00. Following the completion of the transaction, the director now directly owns 33,909 shares of the company’s stock, valued at $123,089.67. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Saleel Awsare acquired 10,000 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was acquired at an average price of $3.66 per share, for a total transaction of $36,600.00. Following the completion of the purchase, 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

Large investors have recently modified their holdings of the stock. Essex Investment Management Co. LLC boosted its holdings in shares of Lantronix by 1.6% in the 1st quarter. Essex Investment Management Co. LLC now owns 404,158 shares of the technology company’s stock worth $1,439,000 after acquiring an additional 6,171 shares in the last quarter. Citigroup Inc. acquired a new position in shares of Lantronix in the 3rd quarter worth approximately $35,000. SG Americas Securities LLC acquired a new position in shares of Lantronix in the 1st quarter worth approximately $55,000. Jump Financial LLC boosted its holdings in shares of Lantronix by 115.4% in the 4th quarter. Jump Financial LLC now owns 31,990 shares of the technology company’s stock worth $187,000 after acquiring an additional 17,138 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its holdings in shares of Lantronix by 4.8% in the 4th quarter. First Eagle Investment Management LLC now owns 533,353 shares of the technology company’s stock worth $3,125,000 after acquiring an additional 24,250 shares in the last quarter. 39.38% of the stock is currently owned by institutional investors.

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.