StockNews.com Downgrades Lantronix (NASDAQ:LTRX) to Buy

Lantronix (NASDAQ:LTRX) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Friday.

Several other research firms also recently issued reports on LTRX. Canaccord Genuity Group assumed coverage on shares of Lantronix in a report on Wednesday, September 11th. They set a “buy” rating and a $7.50 price objective on the stock. Needham & Company LLC reissued a “buy” rating and issued a $7.00 price target on shares of Lantronix in a research note on Friday, September 6th. Finally, Roth Mkm reissued a “buy” rating and issued a $9.00 price target on shares of Lantronix in a research note on Monday, June 17th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Lantronix currently has an average rating of “Buy” and an average price target of $7.30.

Lantronix Stock Performance

LTRX opened at $3.89 on Friday. The company has a quick ratio of 2.03, a current ratio of 2.95 and a debt-to-equity ratio of 0.16. The company has a market cap of $146.19 million, a price-to-earnings ratio of -21.61 and a beta of 2.13. Lantronix has a 52-week low of $3.08 and a 52-week high of $6.95. The firm’s fifty day simple moving average is $3.79 and its two-hundred day simple moving average is $3.68.

Lantronix (NASDAQ:LTRX) last posted its quarterly earnings data on Thursday, September 5th. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.02. The business had revenue of $49.08 million for the quarter, compared to the consensus estimate of $49.10 million. Lantronix had a negative net margin of 2.82% and a negative return on equity of 2.14%. Equities analysts anticipate that Lantronix will post -0.01 earnings per share for the current fiscal year.

Insider Transactions at Lantronix

In other Lantronix news, major shareholder Bernhard Bruscha sold 25,000 shares of Lantronix stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $4.17, for a total transaction of $104,250.00. Following the transaction, the insider now directly owns 5,218,971 shares of the company’s stock, valued at $21,763,109.07. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 89,014 shares of company stock valued at $371,386. Corporate insiders own 17.30% of the company’s stock.

Hedge Funds Weigh In On Lantronix

A number of institutional investors have recently bought and sold shares of the company. First Eagle Investment Management LLC increased its position in shares of Lantronix by 65.0% during the second quarter. First Eagle Investment Management LLC now owns 855,234 shares of the technology company’s stock valued at $3,036,000 after acquiring an additional 336,781 shares during the last quarter. AWM Investment Company Inc. increased its position in shares of Lantronix by 29.8% during 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. Wasatch Advisors LP increased its position in shares of Lantronix by 11.4% during the fourth quarter. Wasatch Advisors LP now owns 1,622,343 shares of the technology company’s stock valued at $9,507,000 after acquiring an additional 165,711 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Lantronix by 18.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,022,193 shares of the technology company’s stock valued at $3,629,000 after acquiring an additional 159,671 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Lantronix by 30.4% during the second quarter. Renaissance Technologies LLC now owns 654,494 shares of the technology company’s stock valued at $2,323,000 after acquiring an additional 152,400 shares during the last quarter. 39.38% of the stock is owned by hedge funds and other 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.