Lyntris Inc. (NYSE:LYNX) Stock Has Average Target Price of $19.86

Shares of Lyntris Inc. (NYSE:LYNX) have earned an average recommendation of “Moderate Buy” from the eight brokerages that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $19.86.

A number of equities research analysts have commented on LYNX shares. Zacks Research raised shares of Lyntris to a “hold” rating in a research report on Tuesday, September 15th. UBS Group set a $21.00 price objective on shares of Lyntris in a report on Monday, September 14th. Wall Street Zen raised shares of Lyntris to a “hold” rating in a research report on Saturday, August 29th. Evercore began coverage on shares of Lyntris in a research report on Monday, September 14th. They set an “outperform” rating and a $22.00 price objective for the company. Finally, Guggenheim initiated coverage on shares of Lyntris in a research note on Monday, September 14th. They set a “buy” rating and a $20.00 target price for the company.

Lyntris Stock Performance

Shares of NYSE:LYNX opened at $11.51 on Friday. Lyntris has a fifty-two week low of $10.70 and a fifty-two week high of $16.00. The company has a 50 day moving average price of $13.12.

Insiders Place Their Bets

In related news, major shareholder Trive Capital Holdings Llc sold 8,333,333 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $17.50, for a total transaction of $145,833,327.50. Following the completion of the sale, the insider owned 11,966,544 shares in the company, valued at $209,414,520. The trade was a 41.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Tim Paulin sold 55,169 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $16.45, for a total value of $907,530.05. Following the sale, the chief financial officer owned 496,525 shares of the company’s stock, valued at approximately $8,167,836.25. The trade was a 10.00% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 8,912,282 shares of company stock worth $155,357,039.

Lyntris Company Profile

Lyntris Inc is a defense technology company delivering sense-to-act connectivity solutions for the modern, connected battlespace. Lyntris Inc is based in WASHINGTON.