Lantronix (NASDAQ:LTRX) Now Covered by JonesTrading

Analysts at JonesTrading initiated coverage on shares of Lantronix (NASDAQ:LTRX) in a report issued on Wednesday,Benzinga reports. The firm set a “buy” rating and a $12.00 price target on the technology company’s stock. JonesTrading’s price objective indicates a potential upside of 123.88% from the company’s current price.

Several other equities research analysts have also recently issued reports on the stock. UBS Group reissued a “buy” rating on shares of Lantronix in a research report on Friday, June 12th. Wall Street Zen downgraded shares of Lantronix from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. Needham & Company LLC began coverage on shares of Lantronix in a report on Friday, June 12th. They issued a “buy” rating and a $11.00 price target on the stock. Canaccord Genuity Group boosted their price objective on shares of Lantronix from $10.50 to $11.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Lantronix in a report on Tuesday, April 21st. Six analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Lantronix has a consensus rating of “Moderate Buy” and an average price target of $10.40.

Lantronix Stock Performance

NASDAQ LTRX opened at $5.36 on Wednesday. The business’s 50-day moving average price is $6.38 and its 200 day moving average price is $6.18. Lantronix has a twelve month low of $2.86 and a twelve month high of $8.75. The company has a market capitalization of $235.73 million, a PE ratio of -31.53 and a beta of 1.69. The company has a current ratio of 2.74, a quick ratio of 1.80 and a debt-to-equity ratio of 0.12.

Lantronix (NASDAQ:LTRX) last posted its quarterly earnings results on Wednesday, May 6th. The technology company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). Lantronix had a negative net margin of 5.52% and a negative return on equity of 6.79%. The business had revenue of $30.18 million during the quarter, compared to analysts’ expectations of $30.49 million. Lantronix has set its Q4 2026 guidance at 0.030-0.050 EPS. On average, research analysts predict that Lantronix will post -0.11 earnings per share for the current year.

Institutional Trading of Lantronix

A number of institutional investors have recently modified their holdings of LTRX. Ritholtz Wealth Management raised its holdings in Lantronix by 1.5% in the first quarter. Ritholtz Wealth Management now owns 129,873 shares of the technology company’s stock valued at $681,000 after buying an additional 1,971 shares during the period. Thompson Davis & CO. Inc. lifted its position in Lantronix by 14.8% during the first quarter. Thompson Davis & CO. Inc. now owns 18,950 shares of the technology company’s stock valued at $99,000 after buying an additional 2,450 shares in the last quarter. R Squared Ltd grew its stake in Lantronix by 28.7% during the fourth quarter. R Squared Ltd now owns 18,107 shares of the technology company’s stock worth $106,000 after buying an additional 4,034 shares during the period. Squarepoint Ops LLC grew its stake in Lantronix by 52.7% during the third quarter. Squarepoint Ops LLC now owns 19,283 shares of the technology company’s stock worth $88,000 after buying an additional 6,654 shares during the period. Finally, Engineers Gate Manager LP increased its position in shares of Lantronix by 79.1% in the fourth quarter. Engineers Gate Manager LP now owns 20,964 shares of the technology company’s stock worth $123,000 after acquiring an additional 9,256 shares in the last quarter. Hedge funds and other institutional investors own 39.38% of the company’s stock.

Lantronix Company Profile

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.