Cantor Fitzgerald Increases nLight (NASDAQ:LASR) Price Target to $62.50

nLight (NASDAQ:LASRGet Free Report) had its price objective raised by research analysts at Cantor Fitzgerald from $40.00 to $62.50 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Cantor Fitzgerald’s price target would indicate a potential upside of 8.01% from the company’s current price.

A number of other analysts also recently weighed in on the company. Zacks Research downgraded nLight from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Stifel Nicolaus initiated coverage on shares of nLight in a research note on Tuesday, January 20th. They issued a “buy” rating and a $60.00 price objective for the company. Canaccord Genuity Group upgraded shares of nLight to a “buy” rating in a research report on Wednesday, December 17th. Wall Street Zen lowered nLight from a “buy” rating to a “hold” rating in a research note on Sunday, February 8th. Finally, Needham & Company LLC upped their price target on nLight from $48.00 to $70.00 and gave the stock a “buy” rating in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, nLight presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.36.

Get Our Latest Stock Report on nLight

nLight Stock Performance

LASR traded down $5.08 during trading on Friday, reaching $57.87. The company’s stock had a trading volume of 496,157 shares, compared to its average volume of 1,258,108. nLight has a 52-week low of $6.20 and a 52-week high of $62.98. The company’s fifty day moving average price is $45.98 and its 200-day moving average price is $36.27. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of -65.65 and a beta of 2.33. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.36 and a current ratio of 5.63.

Insider Activity at nLight

In other news, CEO Scott H. Keeney sold 31,748 shares of the business’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $37.51, for a total value of $1,190,867.48. Following the completion of the sale, the chief executive officer owned 2,285,020 shares of the company’s stock, valued at approximately $85,711,100.20. The trade was a 1.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Joseph John Corso sold 66,075 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $36.32, for a total transaction of $2,399,844.00. Following the completion of the sale, the chief financial officer owned 196,224 shares in the company, valued at approximately $7,126,855.68. This trade represents a 25.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 127,502 shares of company stock valued at $4,622,166 in the last ninety days. 4.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Sunbelt Securities Inc. lifted its position in nLight by 7,142.9% in the 4th quarter. Sunbelt Securities Inc. now owns 1,014 shares of the company’s stock valued at $38,000 after purchasing an additional 1,000 shares during the last quarter. Invesco Ltd. increased its stake in shares of nLight by 32.3% in the fourth quarter. Invesco Ltd. now owns 1,399,229 shares of the company’s stock valued at $52,485,000 after purchasing an additional 341,948 shares during the period. Mercer Global Advisors Inc. ADV bought a new stake in shares of nLight during the fourth quarter valued at approximately $353,000. Virtue Capital Management LLC boosted its position in shares of nLight by 176.5% during the fourth quarter. Virtue Capital Management LLC now owns 30,616 shares of the company’s stock worth $1,175,000 after buying an additional 19,544 shares during the period. Finally, NewEdge Advisors LLC raised its stake in nLight by 8.0% during the 4th quarter. NewEdge Advisors LLC now owns 6,003 shares of the company’s stock valued at $225,000 after acquiring an additional 443 shares in the last quarter. Institutional investors own 83.88% of the company’s stock.

nLight News Summary

Here are the key news stories impacting nLight this week:

  • Positive Sentiment: Revenue and top-line beat — nLight reported roughly $81.2M in Q4 revenue (up ~71% YoY), above consensus estimates, showing continued demand strength. Zacks: Q4 Earnings and Revenues Top Estimates
  • Positive Sentiment: Raised Q1 revenue outlook — nLight issued Q1 revenue guidance of about $70–$76M versus a consensus near $66.9M, signaling continued revenue momentum. Yahoo: Beats Expectations
  • Positive Sentiment: Institutional interest — recent 13F filings show a new position by Bleakley Financial Group, indicating some institutional accumulation. DefenseWorld: Bleakley takes position
  • Neutral Sentiment: Unusually large options volume — flow suggests heightened short-term trading and hedging interest, which can amplify moves in either direction. American Banking News: Options Volume
  • Neutral Sentiment: Full earnings call and transcripts available for detail — management walked through drivers and margins on the call; read the transcript for guidance nuance. Seeking Alpha: Q4 Earnings Call Transcript
  • Negative Sentiment: Mixed/weak EPS and profitability metrics — investors reacted to mixed earnings figures: while some outlets record adjusted EPS beats, GAAP/pro forma EPS and margins were weak (MarketBeat noted a GAAP EPS miss and negative net margin/ROE), which pressured the stock. MarketBeat: Earnings details and margins
  • Negative Sentiment: Market sold off despite beats — several reports highlight that shares tumbled after the print, suggesting traders focused more on profitability/adjustments and near-term margin outlook than on revenue strength. Seeking Alpha: Stock tumbles despite results

About nLight

(Get Free Report)

nLIGHT, Inc designs, develops, manufactures, and sells semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. The company operates in two segments, Laser Products and Advanced Development. It offers semiconductor lasers with various ranges of power levels, wavelengths, and output fiber sizes; and programmable and serviceable fiber lasers for use in industrial and aerospace and defense applications. The company also provides laser sensors, including light detection and ranging technologies for intelligence, surveillance, and reconnaissance applications; and fiber amplifiers, beam combination, and control systems for use in high-energy laser systems in directed energy applications.

Read More

Analyst Recommendations for nLight (NASDAQ:LASR)

Receive News & Ratings for nLight Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for nLight and related companies with MarketBeat.com's FREE daily email newsletter.