Lantronix (NASDAQ:LTRX) Rating Increased to Moderate Buy at Needham & Company LLC

Lantronix (NASDAQ:LTRX) was upgraded by investment analysts at Needham & Company LLC to a “moderate buy” rating in a research report issued to clients and investors on Friday,Zacks.com reports.

A number of other research firms also recently commented on LTRX. Weiss Ratings restated a “sell (d-)” rating on shares of Lantronix in a report on Tuesday, April 21st. Wall Street Zen upgraded Lantronix from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 6th. Canaccord Genuity Group started coverage on Lantronix in a report on Monday. They issued a “buy” rating and a $10.50 price objective on the stock. Finally, UBS Group restated a “buy” rating on shares of Lantronix in a report on Friday. Five analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Lantronix presently has an average rating of “Moderate Buy” and an average price target of $9.88.

Lantronix Trading Down 2.5%

NASDAQ LTRX opened at $6.71 on Friday. Lantronix has a 12 month low of $2.34 and a 12 month high of $8.75. The company has a 50-day moving average of $6.48 and a 200-day moving average of $6.13. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.74 and a quick ratio of 1.80. The company has a market cap of $295.11 million, a P/E ratio of -39.47 and a beta of 1.64.

Lantronix (NASDAQ:LTRX) last released its quarterly earnings data on Wednesday, May 6th. The technology company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The firm had revenue of $30.18 million during the quarter, compared to analysts’ expectations of $30.49 million. Lantronix had a negative return on equity of 6.79% and a negative net margin of 5.52%.Lantronix has set its Q4 2026 guidance at 0.030-0.050 EPS. As a group, equities analysts predict that Lantronix will post -0.11 earnings per share for the current year.

Institutional Investors Weigh In On Lantronix

Hedge funds have recently modified their holdings of the stock. R Squared Ltd raised its holdings in shares of Lantronix by 24.3% during the 3rd quarter. R Squared Ltd now owns 14,073 shares of the technology company’s stock valued at $64,000 after buying an additional 2,754 shares during the period. Invesco Ltd. purchased a new stake in shares of Lantronix during the 4th quarter valued at about $68,000. Bridgeway Capital Management LLC purchased a new stake in shares of Lantronix during the 3rd quarter valued at about $85,000. Balyasny Asset Management L.P. purchased a new stake in shares of Lantronix during the 4th quarter valued at about $86,000. Finally, XTX Topco Ltd purchased a new stake in shares of Lantronix during the 2nd quarter valued at about $86,000. 39.38% of the stock is currently owned by hedge funds and other institutional investors.

Lantronix Company Profile

Lantronix, Inc is a provider of secure data access and management solutions designed to simplify the deployment, monitoring and control of devices and equipment across a wide range of industries. Headquartered in Irvine, California, the company develops hardware and software products that enable connectivity for smart devices, industrial machinery, IT infrastructure and other systems in the Internet of Things (IoT) ecosystem.

Founded in 1989, Lantronix was among the early innovators in serial-to-Ethernet device networking and has since expanded its portfolio to include secure console servers, device servers, gateways and embedded modules.