Lyntris Inc. (NYSE:LYNX) Given Consensus Recommendation of “Buy” by Analysts

Lyntris Inc. (NYSE:LYNX) has earned an average rating of “Buy” from the five research firms that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy recommendation. The average 12-month price target among brokers that have issued a report on the stock in the last year is $21.00.

Several research analysts have commented on LYNX shares. Wall Street Zen upgraded shares of Lyntris to a “hold” rating in a report on Saturday, August 29th. William Blair assumed coverage on shares of Lyntris in a research note on Monday. They issued an “outperform” rating for the company. Guggenheim initiated coverage on Lyntris in a research report on Monday. They set a “buy” rating on the stock. Raymond James Financial started coverage on Lyntris in a report on Monday. They set an “outperform” rating on the stock. Finally, Evercore started coverage on Lyntris in a research note on Monday. They issued an “outperform” rating for the company.

Insiders Place Their Bets

In other news, Director Brian Raduenz sold 98,445 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $16.45, for a total value of $1,619,420.25. Following the sale, the director directly owned 177,203 shares of the company’s stock, valued at $2,914,989.35. This represents a 35.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Tim Paulin sold 55,169 shares of the stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $16.45, for a total transaction of $907,530.05. Following the completion of the transaction, the chief financial officer owned 496,525 shares of the company’s stock, valued at approximately $8,167,836.25. The trade was a 10.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 8,912,282 shares of company stock valued at $155,357,039 in the last 90 days.

Lyntris Price Performance

Shares of Lyntris stock opened at $12.69 on Monday. Lyntris has a 52 week low of $12.21 and a 52 week high of $16.00.

About Lyntris

Lyntris Inc is a defense technology company delivering sense-to-act connectivity solutions for the modern, connected battlespace. Lyntris Inc is based in WASHINGTON.