Lyntris (NYSE:LYNX) Upgraded at Evercore

Lyntris (NYSE:LYNX) was upgraded by stock analysts at Evercore to a “strong-buy” rating in a research note issued to investors on Monday, Zacks reports.

A number of other equities research analysts also recently issued reports on LYNX. Robert W. Baird set a $18.00 price objective on shares of Lyntris in a research report on Monday. Bank of America started coverage on shares of Lyntris in a research report on Monday. They set a “buy” rating and a $21.00 target price on the stock. Wall Street Zen upgraded Lyntris to a “hold” rating in a research note on Saturday, August 29th. UBS Group set a $21.00 price target on Lyntris in a research report on Monday. Finally, Citigroup assumed coverage on Lyntris in a report on Monday. They set a “buy” rating and a $19.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $19.86.

Lyntris Trading Up 6.0%

Shares of LYNX stock opened at $13.50 on Monday. Lyntris has a one year low of $12.21 and a one year high of $16.00.

Insider Activity at Lyntris

In related news, CEO Brian Morrison sold 186,752 shares of the firm’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $16.45, for a total transaction of $3,072,070.40. Following the completion of the sale, the chief executive officer owned 1,286,983 shares in the company, valued at approximately $21,170,870.35. This trade represents a 12.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Brian Raduenz sold 98,445 shares of the firm’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $16.45, for a total transaction of $1,619,420.25. Following the sale, the director owned 177,203 shares of the company’s stock, valued at $2,914,989.35. This trade represents a 35.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 8,912,282 shares of company stock valued at $155,357,039 in the last 90 days.

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.