Analysts Set Lantronix, Inc. (NASDAQ:LTRX) Price Target at $8.50

Shares of Lantronix, Inc. (NASDAQ:LTRX) have been given a consensus recommendation of “Buy” by the six analysts that are currently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have covered the stock in the last year is $8.50.

A number of equities research analysts have recently weighed in on LTRX shares. Lake Street Capital dropped their target price on Lantronix from $8.00 to $7.00 and set a “buy” rating for the company in a report on Tuesday, April 30th. Roth Mkm restated a “buy” rating and set a $9.00 target price on shares of Lantronix in a research report on Monday, June 17th. Craig Hallum dropped their price target on shares of Lantronix from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Tuesday, April 30th. Needham & Company LLC reissued a “buy” rating and set a $7.00 price target on shares of Lantronix in a research report on Tuesday, April 30th. Finally, StockNews.com raised Lantronix from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 25th.

Lantronix Stock Performance

LTRX opened at $3.79 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.25 and a quick ratio of 1.32. The company has a market capitalization of $142.43 million, a PE ratio of -21.06 and a beta of 2.13. The business has a fifty day simple moving average of $3.75 and a 200 day simple moving average of $4.01. Lantronix has a 1 year low of $3.08 and a 1 year high of $6.95.

Insider Activity at Lantronix

In other Lantronix news, major shareholder Bernhard Bruscha sold 23,949 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $4.04, for a total transaction of $96,753.96. Following the completion of the sale, the insider now directly owns 5,381,471 shares in the company, valued at $21,741,142.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 17.30% of the stock is currently owned by insiders.

Institutional Trading of Lantronix

Institutional investors and hedge funds have recently modified their holdings of the business. AWM Investment Company Inc. grew its position in Lantronix by 29.8% in the first quarter. AWM Investment Company Inc. now owns 989,307 shares of the technology company’s stock valued at $3,522,000 after acquiring an additional 227,374 shares during the last quarter. Heron Bay Capital Management acquired a new stake in shares of Lantronix in the 1st quarter valued at approximately $226,000. Acadian Asset Management LLC bought a new stake in shares of Lantronix during the 1st quarter valued at approximately $369,000. Vanguard Group Inc. increased its position in Lantronix by 10.3% during the 1st quarter. Vanguard Group Inc. now owns 1,402,989 shares of the technology company’s stock worth $4,995,000 after purchasing an additional 131,476 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in Lantronix in the 1st quarter valued at approximately $55,000. 39.38% of the stock is currently owned by institutional investors.

About Lantronix

Lantronix, Inc provides solutions for video surveillance, infotainment systems, and intelligent substations infrastructure in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT System Solutions, which provide wired and wireless connections that enhance the value and utility of modern electronic systems and equipment through secure network connectivity, power for IoT end devices through Power over Ethernet, application hosting, protocol conversion, media conversion, secure access for distributed IoT deployments, and various other functions; Embedded IoT Modules, such as application processing delivering compute to meet customer needs for data transformation, computer vision, machine learning, augmented/virtual reality, audio/video aggregation and distribution, and custom applications; and Software and Engineering Services offers SaaS platform that enables customers to deploy, monitor, manage, and automate across their global deployments through a single platform login.