Lyntris (NYSE:LYNX) Upgraded to “Strong-Buy” at Guggenheim

Guggenheim upgraded shares of Lyntris (NYSE:LYNX) to a strong-buy rating in a research note released on Monday,Zacks reports.

Other equities research analysts have also issued reports about the stock. Citigroup started coverage on shares of Lyntris in a report on Monday. They issued a “buy” rating and a $19.00 target price on the stock. William Blair began coverage on shares of Lyntris in a research report on Monday. They issued an “outperform” rating for the company. Wall Street Zen raised Lyntris to a “hold” rating in a research note on Saturday, August 29th. UBS Group set a $21.00 price objective on Lyntris in a research note on Monday. Finally, Evercore started coverage on Lyntris in a report on Monday. They set an “outperform” rating and a $22.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $19.86.

Lyntris Price Performance

Shares of NYSE:LYNX opened at $13.43 on Monday. Lyntris has a fifty-two week low of $12.21 and a fifty-two week high of $16.00.

Insider Transactions at Lyntris

In other news, CFO Tim Paulin sold 55,169 shares of the business’s stock in a transaction dated 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 directly owned 496,525 shares in the company, valued at $8,167,836.25. The trade was a 10.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Trive Capital Holdings Llc sold 8,333,333 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $17.50, for a total value of $145,833,327.50. Following the transaction, the insider directly owned 11,966,544 shares of the company’s stock, valued at $209,414,520. This represents a 41.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 8,912,282 shares of company stock worth $155,357,039.

Lyntris News Roundup

Here are the key news stories impacting Lyntris this week:

• Positive Sentiment: Evercore ISI initiated coverage of Lyntris with an “outperform” rating, adding to the bullish analyst view of the company. Evercore ISI Group initiates coverage of Lyntris at outperform
• Positive Sentiment: Bank of America began coverage with a “buy” rating and a $21 price target, implying substantial upside from the current trading level. Lyntris rated as buy in new coverage at Bank of America Securities
• Positive Sentiment: Citigroup also initiated coverage with a “buy” rating and a $19 price target, representing approximately 41.5% potential upside. The additional institutional coverage may improve investor awareness of LYNX.
• Positive Sentiment: Evercore upgraded Lyntris to “strong-buy,” reinforcing the company’s favorable analyst momentum.
• Neutral Sentiment: Robert W. Baird upgraded Lyntris to “hold.” Although this is not a bullish rating, the upgrade suggests a less negative view than its prior assessment and does not offset the broader positive analyst consensus.

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.