Lantronix, Inc. (NASDAQ:LTRX) Receives Average Rating of “Buy” from Analysts

Lantronix, Inc. (NASDAQ:LTRX) has received a consensus recommendation of “Buy” from the five research firms that are presently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a buy recommendation. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $7.30.

Several research firms have recently commented on LTRX. StockNews.com raised Lantronix from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 12th. Canaccord Genuity Group assumed coverage on Lantronix in a report on Wednesday, September 11th. They issued a “buy” rating and a $7.50 target price for the company. Finally, Needham & Company LLC reissued a “buy” rating and set a $7.00 price objective on shares of Lantronix in a report on Friday, September 6th.

Lantronix Stock Performance

Shares of LTRX opened at $3.76 on Wednesday. The stock has a market capitalization of $143.26 million, a P/E ratio of -31.33 and a beta of 2.14. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.03 and a current ratio of 2.95. Lantronix has a 1 year low of $3.08 and a 1 year high of $6.95. The company’s fifty day moving average is $3.94 and its two-hundred day moving average is $3.78.

Lantronix (NASDAQ:LTRX) last posted its quarterly earnings results on Thursday, September 5th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.02. The firm had revenue of $49.08 million during the quarter, compared to analysts’ expectations of $49.10 million. Lantronix had a negative net margin of 2.82% and a negative return on equity of 2.14%. On average, sell-side analysts predict that Lantronix will post -0.01 earnings per share for the current year.

Insider Buying and Selling

In other Lantronix news, major shareholder Bernhard Bruscha sold 31,630 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $4.32, for a total transaction of $136,641.60. Following the completion of the transaction, the insider now directly owns 5,293,503 shares in the company, valued at approximately $22,867,932.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 85,065 shares of company stock worth $356,232 in the last three months. Corporate insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Lantronix

Large investors have recently bought and sold shares of the stock. ProShare Advisors LLC purchased a new stake in shares of Lantronix in the second quarter valued at $42,000. Mackenzie Financial Corp acquired a new position in Lantronix in the 2nd quarter valued at about $50,000. SG Americas Securities LLC purchased a new position in Lantronix in the 1st quarter valued at about $55,000. American Century Companies Inc. boosted its stake in shares of Lantronix by 27.6% during the 2nd quarter. American Century Companies Inc. now owns 26,319 shares of the technology company’s stock worth $93,000 after purchasing an additional 5,693 shares during the last quarter. Finally, Heron Bay Capital Management purchased a new stake in shares of Lantronix during the first quarter worth about $226,000. Institutional investors and hedge funds 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.