Lantronix, Inc. (NASDAQ:LTRX) Receives $6.00 Consensus Price Target from Brokerages

Shares of Lantronix, Inc. (NASDAQ:LTRX) have earned a consensus rating of “Buy” from the five brokerages that are covering the firm, MarketBeat reports. Five analysts have rated the stock with a buy recommendation. The average 12 month target price among brokers that have issued a report on the stock in the last year is $6.00.

A number of equities analysts have recently issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and set a $5.50 target price on shares of Lantronix in a research report on Tuesday, January 21st. StockNews.com downgraded Lantronix from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 11th. Canaccord Genuity Group cut their price target on Lantronix from $5.00 to $4.50 and set a “buy” rating on the stock in a research note on Friday, February 7th. Finally, Lake Street Capital dropped their price objective on Lantronix from $6.00 to $5.00 and set a “buy” rating for the company in a report on Friday, February 7th.

Lantronix Stock Performance

NASDAQ:LTRX opened at $3.06 on Friday. The stock has a market capitalization of $118.50 million, a P/E ratio of -23.50 and a beta of 1.94. The company has a current ratio of 2.56, a quick ratio of 1.69 and a debt-to-equity ratio of 0.15. Lantronix has a 1 year low of $2.48 and a 1 year high of $4.55. The firm has a 50 day moving average of $3.69 and a 200-day moving average of $3.64.

Lantronix (NASDAQ:LTRX) last announced its earnings results on Thursday, February 13th. The technology company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.13). Lantronix had a negative return on equity of 2.62% and a negative net margin of 3.15%. As a group, sell-side analysts anticipate that Lantronix will post -0.23 EPS for the current fiscal year.

Insider Activity at Lantronix

In other news, Director Hoshi Printer acquired 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was purchased at an average price of $2.90 per share, for a total transaction of $43,500.00. Following the completion of the acquisition, the director now owns 176,075 shares in the company, valued at $510,617.50. This trade represents a 9.31 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Lantronix

A number of hedge funds and other institutional investors have recently made changes to their positions in LTRX. Amundi acquired a new stake in Lantronix during the 4th quarter worth $42,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Lantronix during the third quarter worth about $60,000. Balyasny Asset Management L.P. bought a new position in shares of Lantronix during the 4th quarter valued at about $79,000. Wolverine Trading LLC acquired a new position in shares of Lantronix in the 4th quarter valued at approximately $95,000. Finally, Algert Global LLC increased its stake in Lantronix by 49.5% during the 4th quarter. Algert Global LLC now owns 27,728 shares of the technology company’s stock worth $114,000 after purchasing an additional 9,180 shares in the last quarter. 39.38% of the stock is owned by institutional investors.

Lantronix Company Profile

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.