Lantronix, Inc. (NASDAQ:LTRX) Receives Average Recommendation of “Buy” from Analysts

Shares of Lantronix, Inc. (NASDAQ:LTRX) have been assigned a consensus recommendation of “Buy” from the five brokerages that are presently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $6.00.

LTRX has been the subject of a number of analyst reports. Lake Street Capital lowered their target price on shares of Lantronix from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Canaccord Genuity Group lowered their price objective on Lantronix from $5.00 to $4.50 and set a “buy” rating for the company in a research report on Friday, February 7th. Finally, Needham & Company LLC restated a “buy” rating and set a $5.50 target price on shares of Lantronix in a research report on Tuesday, January 21st.

Lantronix Trading Up 3.3 %

Shares of LTRX stock opened at $2.80 on Tuesday. The stock has a 50-day moving average of $3.32 and a 200-day moving average of $3.55. The company has a current ratio of 2.56, a quick ratio of 1.69 and a debt-to-equity ratio of 0.15. The stock has a market cap of $108.61 million, a price-to-earnings ratio of -21.54 and a beta of 2.00. Lantronix has a 1-year low of $2.49 and a 1-year high of $4.55.

Lantronix (NASDAQ:LTRX) last released its earnings results on Thursday, February 13th. The technology company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.13). Lantronix had a negative net margin of 3.15% and a negative return on equity of 2.62%. On average, equities research analysts forecast that Lantronix will post -0.23 earnings per share for the current year.

Insider Transactions at Lantronix

In other Lantronix news, CEO Saleel Awsare acquired 15,000 shares of the stock in a transaction on Friday, February 28th. The shares were purchased at an average price of $2.53 per share, for a total transaction of $37,950.00. Following the completion of the acquisition, the chief executive officer now owns 253,380 shares in the company, valued at approximately $641,051.40. This represents a 6.29 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Kevin S. Palatnik acquired 20,000 shares of the company’s stock in a transaction on Friday, February 28th. The stock was acquired at an average cost of $2.54 per share, for a total transaction of $50,800.00. Following the completion of the purchase, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $50,800. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 50,000 shares of company stock valued at $129,250 in the last 90 days. 1.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Lantronix

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Truffle Hound Capital LLC acquired a new position in Lantronix during the 4th quarter valued at about $4,120,000. Dimensional Fund Advisors LP boosted its position in shares of Lantronix by 16.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,323,971 shares of the technology company’s stock valued at $5,455,000 after buying an additional 186,479 shares during the last quarter. WINTON GROUP Ltd bought a new stake in Lantronix during the fourth quarter worth $444,000. Marshall Wace LLP raised its position in Lantronix by 16.5% in the 4th quarter. Marshall Wace LLP now owns 483,868 shares of the technology company’s stock valued at $1,994,000 after buying an additional 68,669 shares during the last quarter. Finally, Jefferies Financial Group Inc. lifted its stake in Lantronix by 153.8% during the 4th quarter. Jefferies Financial Group Inc. now owns 82,500 shares of the technology company’s stock valued at $340,000 after acquiring an additional 50,000 shares in the last quarter. Institutional investors and hedge funds own 39.38% of the company’s stock.

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.