Lantronix (NASDAQ:LTRX) Given Buy Rating at Roth Mkm

Roth Mkm reiterated their buy rating on shares of Lantronix (NASDAQ:LTRX) in a report issued on Tuesday morning, Benzinga reports. They currently have a $9.00 target price on the technology company’s stock.

LTRX has been the subject of a number of other research reports. Needham & Company LLC lowered their target price on Lantronix from $8.50 to $7.00 and set a buy rating for the company in a report on Tuesday, March 12th. StockNews.com upgraded Lantronix from a buy rating to a strong-buy rating in a report on Tuesday, February 13th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Buy and an average price target of $8.50.

Lantronix Stock Performance

Lantronix stock opened at $3.76 on Tuesday. The company has a 50 day moving average price of $3.56 and a 200-day moving average price of $4.76. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.19 and a current ratio of 2.08. Lantronix has a fifty-two week low of $3.08 and a fifty-two week high of $6.95. The company has a market capitalization of $140.92 million, a PE ratio of -15.04 and a beta of 2.12.

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

Insider Transactions at Lantronix

In related news, major shareholder Bernhard Bruscha sold 9,409 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 5,406,471 shares of the company’s stock, valued at approximately $32,601,020.13. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Saleel Awsare purchased 20,000 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were bought at an average cost of $3.91 per share, with a total value of $78,200.00. Following the transaction, the chief executive officer now owns 20,000 shares of the company’s stock, valued at $78,200. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Bernhard Bruscha sold 9,409 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $6.03, for a total value of $56,736.27. Following the sale, the insider now directly owns 5,406,471 shares in the company, valued at $32,601,020.13. The disclosure for this sale can be found here. Insiders own 17.30% of the company’s stock.

Institutional Investors Weigh In On Lantronix

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Citigroup Inc. acquired a new stake in Lantronix during the 3rd quarter worth about $35,000. Algert Global LLC acquired a new stake in Lantronix during the 3rd quarter worth about $50,000. Jump Financial LLC purchased a new stake in shares of Lantronix during the 3rd quarter worth about $66,000. Quadrature Capital Ltd purchased a new stake in shares of Lantronix during the 3rd quarter worth about $109,000. Finally, Hillsdale Investment Management Inc. purchased a new stake in shares of Lantronix during the 4th quarter worth about $148,000. 39.38% of the stock is owned by institutional investors and hedge funds.

About Lantronix

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.