StockNews.com initiated coverage on shares of LightPath Technologies (NASDAQ:LPTH – Free Report) in a research report released on Friday morning. The firm issued a hold rating on the technology company’s stock.
Separately, HC Wainwright reiterated a buy rating and issued a $3.00 price objective on shares of LightPath Technologies in a research report on Friday, May 10th.
Check Out Our Latest Analysis on LightPath Technologies
LightPath Technologies Price Performance
LightPath Technologies (NASDAQ:LPTH – Get Free Report) last announced its quarterly earnings data on Thursday, May 9th. The technology company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). The firm had revenue of $7.70 million during the quarter, compared to the consensus estimate of $7.94 million. LightPath Technologies had a negative net margin of 19.72% and a negative return on equity of 18.97%. During the same quarter in the previous year, the business posted ($0.03) earnings per share. Sell-side analysts anticipate that LightPath Technologies will post -0.2 earnings per share for the current fiscal year.
Institutional Trading of LightPath Technologies
A number of institutional investors have recently bought and sold shares of the business. Murphy Pohlad Asset Management LLC lifted its stake in shares of LightPath Technologies by 240.7% in the 4th quarter. Murphy Pohlad Asset Management LLC now owns 46,000 shares of the technology company’s stock valued at $58,000 after purchasing an additional 32,500 shares during the period. B. Riley Wealth Advisors Inc. increased its holdings in LightPath Technologies by 73.7% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 111,824 shares of the technology company’s stock valued at $141,000 after purchasing an additional 47,429 shares during the last quarter. Vanguard Group Inc. lifted its stake in LightPath Technologies by 15.6% in the first quarter. Vanguard Group Inc. now owns 1,571,852 shares of the technology company’s stock valued at $2,169,000 after buying an additional 211,626 shares during the period. Archon Capital Management LLC boosted its holdings in LightPath Technologies by 1.8% during the first quarter. Archon Capital Management LLC now owns 2,082,934 shares of the technology company’s stock worth $2,874,000 after buying an additional 37,400 shares during the last quarter. Finally, AMH Equity Ltd grew its position in shares of LightPath Technologies by 12.4% during the 4th quarter. AMH Equity Ltd now owns 2,819,071 shares of the technology company’s stock worth $3,552,000 after buying an additional 310,870 shares during the period. Institutional investors and hedge funds 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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