Lantronix Inc (NASDAQ:LTRX) has been given an average broker rating score of 2.00 (Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a buy recommendation.
Brokerages have set a 1-year consensus price objective of $5.50 for the company, according to Zacks. Zacks has also given Lantronix an industry rank of 39 out of 256 based on the ratings given to related companies.
Separately, ValuEngine lowered Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st.
In other Lantronix news, Director Paul F. Folino sold 32,780 shares of Lantronix stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $3.40, for a total transaction of $111,452.00. Following the completion of the transaction, the director now owns 68,083 shares of the company’s stock, valued at approximately $231,482.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Hoshi Printer sold 17,200 shares of Lantronix stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $3.31, for a total value of $56,932.00. Following the transaction, the director now directly owns 90,840 shares of the company’s stock, valued at approximately $300,680.40. The disclosure for this sale can be found here. 43.30% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Alambic Investment Management L.P. lifted its holdings in Lantronix by 37.2% during the 1st quarter. Alambic Investment Management L.P. now owns 18,163 shares of the technology company’s stock valued at $55,000 after purchasing an additional 4,923 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in Lantronix by 22.9% during the 1st quarter. Acadian Asset Management LLC now owns 240,860 shares of the technology company’s stock valued at $727,000 after purchasing an additional 44,894 shares during the last quarter. Cadence Capital Management LLC lifted its holdings in Lantronix by 1.8% during the 1st quarter. Cadence Capital Management LLC now owns 477,348 shares of the technology company’s stock valued at $1,442,000 after purchasing an additional 8,404 shares during the last quarter. Worth Venture Partners LLC lifted its holdings in Lantronix by 50.0% during the 4th quarter. Worth Venture Partners LLC now owns 142,500 shares of the technology company’s stock valued at $414,000 after purchasing an additional 47,500 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Lantronix by 36.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 187,973 shares of the technology company’s stock valued at $553,000 after purchasing an additional 49,868 shares during the last quarter. 17.96% of the stock is owned by institutional investors.
LTRX traded down $0.11 during trading hours on Wednesday, hitting $3.56. The stock had a trading volume of 38,280 shares, compared to its average volume of 87,320. The firm’s fifty day simple moving average is $3.40. Lantronix has a 1 year low of $2.34 and a 1 year high of $6.47. The stock has a market capitalization of $79.96 million, a PE ratio of 29.23 and a beta of 0.72.
Lantronix (NASDAQ:LTRX) last posted its earnings results on Thursday, April 25th. The technology company reported $0.04 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.04. The business had revenue of $12.34 million during the quarter. Lantronix had a return on equity of 8.19% and a net margin of 3.70%.
Lantronix, Inc provides secure data access and management solutions for Internet of Things (IoT) assets in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT gateways, which provide secure connectivity and the ability to add integrated device management and advanced data access features; and IoT building blocks that offer basic secure machine connectivity and unmanaged data access.
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