Brokerages Set Lantronix, Inc. (NASDAQ:LTRX) Target Price at $6.50

Lantronix, Inc. (NASDAQ:LTRXGet Free Report) has received an average rating of “Buy” from the five analysts that are covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy rating. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $6.50.

Several research firms have commented on LTRX. Needham & Company LLC dropped their price objective on shares of Lantronix from $7.00 to $5.50 and set a “buy” rating for the company in a report on Monday, November 11th. StockNews.com cut Lantronix from a “strong-buy” rating to a “buy” rating in a report on Monday, November 11th. Finally, Canaccord Genuity Group lowered their target price on Lantronix from $7.50 to $5.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th.

View Our Latest Analysis on Lantronix

Lantronix Price Performance

Shares of NASDAQ:LTRX opened at $4.08 on Thursday. The firm has a market cap of $156.98 million, a price-to-earnings ratio of -29.14 and a beta of 2.04. The firm has a fifty day moving average price of $3.43 and a 200 day moving average price of $3.66. Lantronix has a fifty-two week low of $2.48 and a fifty-two week high of $6.95. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.78 and a current ratio of 2.61.

Insider Activity

In other news, CEO Saleel Awsare bought 80,000 shares of the stock in a transaction dated Wednesday, November 13th. The stock was purchased at an average price of $2.66 per share, for a total transaction of $212,800.00. Following the acquisition, the chief executive officer now owns 233,184 shares of the company’s stock, valued at $620,269.44. The trade was a 52.22 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Bernhard Bruscha sold 20,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $4.08, for a total transaction of $81,600.00. Following the transaction, the insider now owns 5,198,971 shares in the company, valued at $21,211,801.68. The trade was a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Lantronix

Institutional investors and hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC increased its stake in Lantronix by 30.4% in the second quarter. Renaissance Technologies LLC now owns 654,494 shares of the technology company’s stock worth $2,323,000 after purchasing an additional 152,400 shares during the period. First Eagle Investment Management LLC lifted its holdings in Lantronix by 65.0% during the 2nd quarter. First Eagle Investment Management LLC now owns 855,234 shares of the technology company’s stock valued at $3,036,000 after buying an additional 336,781 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Lantronix by 18.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,022,193 shares of the technology company’s stock valued at $3,629,000 after buying an additional 159,671 shares during the period. Herald Investment Management Ltd grew its stake in Lantronix by 17.6% in the 2nd quarter. Herald Investment Management Ltd now owns 1,000,000 shares of the technology company’s stock worth $3,550,000 after acquiring an additional 150,000 shares in the last quarter. Finally, Walleye Capital LLC increased its position in shares of Lantronix by 61.9% during the third quarter. Walleye Capital LLC now owns 71,467 shares of the technology company’s stock worth $294,000 after acquiring an additional 27,325 shares during the period. 39.38% of the stock is owned by institutional investors.

Lantronix Company Profile

(Get Free Report

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.

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Analyst Recommendations for Lantronix (NASDAQ:LTRX)

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