Lantronix, Inc. (NASDAQ:LTRX) Receives $7.38 Average PT from Analysts

Lantronix, Inc. (NASDAQ:LTRX) has been assigned a consensus rating of “Moderate Buy” from the five brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $7.3750.

Several research analysts recently commented on the company. Lake Street Capital lifted their price target on Lantronix from $6.00 to $8.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Craig Hallum reiterated a “buy” rating and issued a $10.00 target price on shares of Lantronix in a report on Thursday, February 5th. Wall Street Zen raised Lantronix from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 7th. Needham & Company LLC raised their price target on Lantronix from $7.50 to $8.50 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lantronix in a research note on Thursday, January 22nd.

Hedge Funds Weigh In On Lantronix

Large investors have recently made changes to their positions in the company. Soviero Asset Management LP purchased a new stake in Lantronix in the 3rd quarter worth about $2,331,000. Nano Cap New Millennium Growth Fund L P purchased a new position in shares of Lantronix during the fourth quarter valued at approximately $2,315,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Lantronix by 135.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 669,183 shares of the technology company’s stock valued at $3,058,000 after buying an additional 385,075 shares during the last quarter. 683 Capital Management LLC bought a new position in shares of Lantronix during the fourth quarter valued at approximately $1,209,000. Finally, Citadel Advisors LLC raised its holdings in shares of Lantronix by 1,191.2% in the third quarter. Citadel Advisors LLC now owns 195,583 shares of the technology company’s stock worth $894,000 after buying an additional 180,436 shares during the period. 39.38% of the stock is owned by hedge funds and other institutional investors.

Lantronix Trading Down 4.6%

LTRX stock opened at $5.65 on Monday. The firm has a fifty day moving average price of $6.18 and a 200 day moving average price of $5.36. Lantronix has a fifty-two week low of $1.91 and a fifty-two week high of $8.24. The firm has a market cap of $224.25 million, a PE ratio of -23.54 and a beta of 1.53. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.79 and a current ratio of 2.75.

Lantronix (NASDAQ:LTRX) last released its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01. Lantronix had a negative net margin of 7.90% and a negative return on equity of 10.37%. The business had revenue of $29.77 million during the quarter, compared to analyst estimates of $29.94 million. Lantronix has set its Q3 2026 guidance at 0.030-0.060 EPS. Sell-side analysts anticipate that Lantronix will post -0.23 earnings per share for the current fiscal year.

About Lantronix

Lantronix, Inc is a provider of secure data access and management solutions designed to simplify the deployment, monitoring and control of devices and equipment across a wide range of industries. Headquartered in Irvine, California, the company develops hardware and software products that enable connectivity for smart devices, industrial machinery, IT infrastructure and other systems in the Internet of Things (IoT) ecosystem.

Founded in 1989, Lantronix was among the early innovators in serial-to-Ethernet device networking and has since expanded its portfolio to include secure console servers, device servers, gateways and embedded modules.