James Nias Acquires 1,173 Shares of nLIGHT, Inc. (NASDAQ:LASR) Stock

nLIGHT, Inc. (NASDAQ:LASR) CAO James Nias purchased 1,173 shares of the business’s stock in a transaction that occurred on Thursday, May 15th. The shares were purchased at an average price of $8.87 per share, for a total transaction of $10,404.51. Following the completion of the acquisition, the chief accounting officer now directly owns 53,629 shares in the company, valued at $475,689.23. The trade was a 2.24% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

James Nias also recently made the following trade(s):

• On Tuesday, May 20th, James Nias sold 1,173 shares of nLIGHT stock. The shares were sold at an average price of $13.00, for a total transaction of $15,249.00.

nLIGHT Price Performance

nLIGHT stock opened at $14.49 on Friday. The stock has a market cap of $716.37 million, a price-to-earnings ratio of -14.07 and a beta of 2.02. nLIGHT, Inc. has a 1 year low of $6.20 and a 1 year high of $14.82. The firm has a 50-day moving average of $8.92 and a two-hundred day moving average of $10.02.

nLIGHT (NASDAQ:LASR) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.13. The company had revenue of $51.67 million during the quarter, compared to analysts’ expectations of $47.77 million. nLIGHT had a negative net margin of 24.16% and a negative return on equity of 19.53%. The firm’s quarterly revenue was up 16.2% on a year-over-year basis. During the same period in the previous year, the company earned ($0.17) EPS. Research analysts expect that nLIGHT, Inc. will post -1.1 earnings per share for the current year.

Institutional Investors Weigh In On nLIGHT

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of nLIGHT by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 3,667,332 shares of the company’s stock worth $28,495,000 after purchasing an additional 74,163 shares during the period. Royce & Associates LP boosted its stake in shares of nLIGHT by 5.4% during the first quarter. Royce & Associates LP now owns 3,034,044 shares of the company’s stock valued at $23,575,000 after purchasing an additional 156,285 shares in the last quarter. Needham Investment Management LLC boosted its stake in shares of nLIGHT by 13.4% during the fourth quarter. Needham Investment Management LLC now owns 2,652,115 shares of the company’s stock valued at $27,821,000 after purchasing an additional 314,375 shares in the last quarter. Senvest Management LLC boosted its stake in shares of nLIGHT by 114.1% during the fourth quarter. Senvest Management LLC now owns 2,481,677 shares of the company’s stock valued at $26,033,000 after purchasing an additional 1,322,637 shares in the last quarter. Finally, AWM Investment Company Inc. boosted its stake in shares of nLIGHT by 29.5% during the first quarter. AWM Investment Company Inc. now owns 1,319,917 shares of the company’s stock valued at $10,256,000 after purchasing an additional 300,924 shares in the last quarter. 83.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Craig Hallum raised shares of nLIGHT from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Friday, May 9th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $14.90.

nLIGHT Company Profile

nLIGHT, Inc designs, develops, manufactures, and sells semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. The company operates in two segments, Laser Products and Advanced Development. It offers semiconductor lasers with various ranges of power levels, wavelengths, and output fiber sizes; and programmable and serviceable fiber lasers for use in industrial and aerospace and defense applications.