Lantronix, Inc. (NASDAQ:LTRX) Receives $9.20 Average PT from Analysts

Lantronix, Inc. (NASDAQ:LTRX) has been assigned an average rating of “Buy” from the four brokerages that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a buy recommendation. The average 1 year target price among brokers that have covered the stock in the last year is $9.20.

A number of equities research analysts have weighed in on LTRX shares. Needham & Company LLC dropped their price target on shares of Lantronix from $8.50 to $7.00 and set a “buy” rating for the company in a research report on Tuesday, March 12th. StockNews.com upgraded shares of Lantronix from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 13th. Finally, Roth Mkm lowered their price target on Lantronix from $12.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, February 9th.

Lantronix Stock Up 2.9 %

Shares of LTRX opened at $3.17 on Friday. The stock has a 50 day moving average price of $3.68 and a 200 day moving average price of $4.81. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.19 and a current ratio of 2.08. The stock has a market capitalization of $118.81 million, a price-to-earnings ratio of -12.68 and a beta of 2.12. Lantronix has a one year low of $3.08 and a one year high of $6.95.

Lantronix (NASDAQ:LTRX) last announced its quarterly earnings data on Thursday, February 8th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.06). The business had revenue of $37.04 million for the quarter, compared to analysts’ expectations of $37.20 million. Lantronix had a negative net margin of 6.67% and a negative return on equity of 11.89%. Equities research analysts forecast that Lantronix will post -0.04 earnings per share for the current fiscal year.

Insider Transactions at Lantronix

In related news, major shareholder Bernhard Bruscha sold 9,409 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $6.03, for a total value of $56,736.27. Following the completion of the transaction, the insider now directly owns 5,406,471 shares of the company’s stock, valued at $32,601,020.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Philip G. Brace acquired 15,000 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were bought at an average price of $3.95 per share, with a total value of $59,250.00. Following the completion of the acquisition, the director now owns 27,000 shares in the company, valued at approximately $106,650. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Bernhard Bruscha sold 9,409 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $6.03, for a total value of $56,736.27. Following the completion of the sale, the insider now directly owns 5,406,471 shares of the company’s stock, valued at $32,601,020.13. The disclosure for this sale can be found here. Corporate insiders own 17.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Citigroup Inc. acquired a new position in shares of Lantronix in the 3rd quarter valued at $35,000. Algert Global LLC purchased a new stake in shares of Lantronix in the third quarter valued at about $50,000. Jump Financial LLC purchased a new stake in shares of Lantronix in the third quarter valued at about $66,000. First Eagle Investment Management LLC boosted its stake in shares of Lantronix by 4.8% during the fourth quarter. First Eagle Investment Management LLC now owns 533,353 shares of the technology company’s stock worth $3,125,000 after buying an additional 24,250 shares during the period. Finally, Quadrature Capital Ltd purchased a new position in shares of Lantronix during the third quarter worth about $109,000. Hedge funds and other institutional investors own 39.38% of the company’s stock.

Lantronix Company Profile

Lantronix, Inc provides solutions for video surveillance, infotainment systems, and intelligent substations infrastructure in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT System Solutions, which provide wired and wireless connections that enhance the value and utility of modern electronic systems and equipment through secure network connectivity, power for IoT end devices through Power over Ethernet, application hosting, protocol conversion, media conversion, secure access for distributed IoT deployments, and various other functions; Embedded IoT Modules, such as application processing delivering compute to meet customer needs for data transformation, computer vision, machine learning, augmented/virtual reality, audio/video aggregation and distribution, and custom applications; and Software and Engineering Services offers SaaS platform that enables customers to deploy, monitor, manage, and automate across their global deployments through a single platform login.