Lantronix (NASDAQ:LTRX) Research Coverage Started at JonesTrading

JonesTrading assumed coverage on shares of Lantronix (NASDAQ:LTRX) in a report issued on Wednesday, Marketbeat.com reports. The brokerage issued a buy rating and a $12.00 price target on the technology company’s stock.

Several other research firms also recently weighed in on LTRX. Wall Street Zen downgraded Lantronix from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. Canaccord Genuity Group boosted their price objective on Lantronix from $10.50 to $11.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lantronix in a report on Tuesday, April 21st. Needham & Company LLC started coverage on shares of Lantronix in a research report on Friday, June 12th. They set a “buy” rating and a $11.00 target price for the company. Finally, UBS Group reiterated a “buy” rating on shares of Lantronix in a research note on Friday, June 12th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Lantronix presently has an average rating of “Moderate Buy” and a consensus target price of $10.40.

Lantronix Stock Down 4.1%

Lantronix stock opened at $5.19 on Wednesday. The firm has a 50 day moving average price of $6.33 and a 200-day moving average price of $6.17. The company has a quick ratio of 1.80, a current ratio of 2.74 and a debt-to-equity ratio of 0.12. Lantronix has a twelve month low of $2.86 and a twelve month high of $8.75. The company has a market capitalization of $228.26 million, a P/E ratio of -30.53 and a beta of 1.69.

Lantronix (NASDAQ:LTRX) last announced its quarterly earnings data on Wednesday, May 6th. The technology company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). Lantronix had a negative net margin of 5.52% and a negative return on equity of 6.79%. The firm had revenue of $30.18 million for the quarter, compared to the consensus estimate of $30.49 million. Lantronix has set its Q4 2026 guidance at 0.030-0.050 EPS. As a group, equities analysts predict that Lantronix will post -0.11 EPS for the current year.

Institutional Trading of Lantronix

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Invesco Ltd. purchased a new stake in Lantronix during the 4th quarter worth about $68,000. Bridgeway Capital Management LLC purchased a new position in Lantronix during the 3rd quarter valued at about $85,000. Balyasny Asset Management L.P. purchased a new position in Lantronix during the 4th quarter valued at about $86,000. XTX Topco Ltd bought a new stake in shares of Lantronix during the second quarter valued at about $86,000. Finally, Squarepoint Ops LLC increased its position in shares of Lantronix by 52.7% during the third quarter. Squarepoint Ops LLC now owns 19,283 shares of the technology company’s stock valued at $88,000 after buying an additional 6,654 shares during the period. 39.38% of the stock is currently owned by institutional investors.

About Lantronix

Lantronix, Inc is a provider of secure data access and management solutions designed to simplify the deployment, monitoring and control of devices and equipment across a wide range of industries. Headquartered in Irvine, California, the company develops hardware and software products that enable connectivity for smart devices, industrial machinery, IT infrastructure and other systems in the Internet of Things (IoT) ecosystem.

Founded in 1989, Lantronix was among the early innovators in serial-to-Ethernet device networking and has since expanded its portfolio to include secure console servers, device servers, gateways and embedded modules.