Lantronix (NASDAQ:LTRX) Stock Price Breaks Below 200 Day Moving Average – Should You Sell?

Lantronix, Inc. (NASDAQ:LTRX) crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $6.10 and traded as low as $5.87. Lantronix shares last traded at $6.01, with a volume of 462,825 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts have weighed in on LTRX shares. JonesTrading assumed coverage on shares of Lantronix in a research note on Wednesday, July 15th. They set a “buy” rating and a $12.00 target price for the company. Needham & Company LLC reissued a “buy” rating and issued a $11.00 price target on shares of Lantronix in a research report on Thursday, August 27th. Lake Street Capital upped their price target on Lantronix from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Friday, September 18th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lantronix in a research report on Thursday, October 15th. Finally, Wall Street Zen upgraded Lantronix from a “hold” rating to a “buy” rating in a research note on Saturday, August 29th. Six analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Lantronix currently has a consensus rating of “Moderate Buy” and an average price target of $10.80.

Lantronix Stock Performance

The stock has a market cap of $281.75 million, a PE ratio of -54.64 and a beta of 1.61. The firm has a 50-day moving average price of $6.05 and a 200-day moving average price of $6.10.

Lantronix (NASDAQ:LTRX) last announced its quarterly earnings data on Wednesday, August 26th. 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 3.46% and a negative return on equity of 4.88%. The company had revenue of $31.15 million for the quarter, compared to the consensus estimate of $30.69 million. Lantronix has set its Q1 2027 guidance at 0.040-0.060 EPS. As a group, sell-side analysts anticipate that Lantronix, Inc. will post 0.10 EPS for the current fiscal year.

Insider Transactions at Lantronix

In other news, CEO Saleel Awsare bought 15,000 shares of the company’s stock in a transaction dated Wednesday, September 9th. The shares were purchased at an average price of $5.18 per share, for a total transaction of $77,700.00. Following the completion of the purchase, the chief executive officer owned 453,381 shares in the company, valued at approximately $2,348,513.58. This represents a 3.42% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On Lantronix

Institutional investors and hedge funds have recently made changes to their positions in the company. AWM Investment Company Inc. purchased a new position in Lantronix in the 2nd quarter worth approximately $7,350,000. Arrowstreet Capital Limited Partnership lifted its position in Lantronix by 41.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 945,025 shares of the technology company’s stock valued at $4,952,000 after acquiring an additional 275,842 shares in the last quarter. Squarepoint Ops LLC boosted its stake in Lantronix by 215.5% during the 2nd quarter. Squarepoint Ops LLC now owns 254,886 shares of the technology company’s stock valued at $1,499,000 after purchasing an additional 174,086 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in Lantronix during the 2nd quarter valued at $937,000. Finally, Sei Investments Co. boosted its stake in Lantronix by 138.0% during the 1st quarter. Sei Investments Co. now owns 261,292 shares of the technology company’s stock valued at $1,369,000 after purchasing an additional 151,485 shares during the last quarter. Institutional investors own 39.38% of the company’s stock.

About Lantronix

Lantronix, Inc (NASDAQ: LTRX) is a provider of Internet of Things (IoT) and edge-computing solutions that help organizations connect, manage, and secure devices and equipment. The company serves customers in industrial, enterprise, transportation, healthcare, smart-city, and other applications where reliable remote connectivity and device management are required.

Its portfolio includes embedded networking modules, industrial and cellular gateways, routers, out-of-band management products, and software for remotely provisioning, monitoring, and managing connected devices.