Lyntris (NYSE:LYNX) Upgraded by Robert W. Baird to “Hold” Rating

Robert W. Baird upgraded shares of Lyntris (NYSE:LYNX) to a hold rating in a research note issued to investors on Monday,Zacks reports.

LYNX has been the subject of a number of other research reports. Raymond James Financial initiated coverage on shares of Lyntris in a research note on Monday. They set an “outperform” rating and a $18.00 price target for the company. Guggenheim assumed coverage on shares of Lyntris in a report on Monday. They issued a “buy” rating and a $20.00 target price on the stock. Wall Street Zen upgraded Lyntris to a “hold” rating in a research note on Saturday, August 29th. William Blair started coverage on Lyntris in a report on Monday. They set an “outperform” rating for the company. Finally, Bank of America assumed coverage on Lyntris in a research note on Monday. They issued a “buy” rating and a $21.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Lyntris presently has a consensus rating of “Buy” and a consensus target price of $19.86.

Lyntris Stock Up 6.0%

Shares of Lyntris stock opened at $13.50 on Monday. Lyntris has a 52 week low of $12.21 and a 52 week high of $16.00.

Insider Activity at Lyntris

In related news, President Matthew Alty sold 238,583 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $16.45, for a total value of $3,924,690.35. Following the transaction, the president directly owned 1,789,377 shares of the company’s stock, valued at approximately $29,435,251.65. The trade was a 11.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Trive Capital Holdings Llc sold 8,333,333 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $17.50, for a total transaction of $145,833,327.50. Following the transaction, the insider owned 11,966,544 shares of the company’s stock, valued at approximately $209,414,520. The trade was a 41.05% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 8,912,282 shares of company stock worth $155,357,039.

Key Headlines Impacting Lyntris

Here are the key news stories impacting Lyntris this week:

• Positive Sentiment: Evercore upgraded Lyntris to strong-buy, following its recent initiation of coverage at outperform. The firm’s favorable stance signals confidence in the company’s growth prospects. Evercore ISI Group initiates coverage of Lyntris at outperform
• Positive Sentiment: Bank of America initiated coverage with a buy rating and a $21 price target, implying substantial upside from the referenced $13.50 level. Lyntris rated as buy in new coverage at Bank of America Securities
• Positive Sentiment: Citigroup also began coverage with a buy rating and a $19 price target, representing approximately 40.7% potential upside from the referenced current price. Citigroup initiates coverage of Lyntris
• Neutral Sentiment: Robert W. Baird upgraded Lyntris to hold. While technically an upgrade, the rating remains cautious and provides less bullish support than the other recent analyst calls.

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.