StockNews.com began coverage on shares of LightPath Technologies (NASDAQ:LPTH – Free Report) in a research report report published on Tuesday. The firm issued a hold rating on the technology company’s stock.
Separately, Lake Street Capital started coverage on LightPath Technologies in a research note on Thursday, January 18th. They issued a buy rating and a $3.00 price target for the company.
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LightPath Technologies Stock Down 6.9 %
LightPath Technologies (NASDAQ:LPTH – Get Free Report) last released its quarterly earnings results on Thursday, February 8th. The technology company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). The business had revenue of $7.32 million for the quarter, compared to the consensus estimate of $8.72 million. LightPath Technologies had a negative return on equity of 14.22% and a negative net margin of 15.48%. On average, equities analysts anticipate that LightPath Technologies will post -0.14 earnings per share for the current year.
Institutional Investors Weigh In On LightPath Technologies
A number of large investors have recently bought and sold shares of LPTH. Commonwealth Equity Services LLC acquired a new stake in shares of LightPath Technologies during the 3rd quarter worth approximately $50,000. Murphy Pohlad Asset Management LLC boosted its holdings in shares of LightPath Technologies by 240.7% in the 4th quarter. Murphy Pohlad Asset Management LLC now owns 46,000 shares of the technology company’s stock valued at $58,000 after purchasing an additional 32,500 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in shares of LightPath Technologies in the 3rd quarter valued at $93,000. Worth Venture Partners LLC increased its stake in shares of LightPath Technologies by 9.9% in the 3rd quarter. Worth Venture Partners LLC now owns 929,611 shares of the technology company’s stock valued at $1,348,000 after purchasing an additional 83,649 shares during the last quarter. Finally, AMH Equity Ltd raised its holdings in shares of LightPath Technologies by 12.4% during the 4th quarter. AMH Equity Ltd now owns 2,819,071 shares of the technology company’s stock worth $3,552,000 after buying an additional 310,870 shares in the last quarter. 56.29% of the stock is currently owned by institutional investors and hedge funds.
LightPath Technologies Company Profile
LightPath Technologies, Inc designs, develops, manufactures, and distributes optical components and assemblies. The company offers precision molded glass aspheric optics, molded and diamond-turned infrared aspheric lenses, and other optical components used to produce products that manipulate light; and infrared products, including catalog and custom infrared optics.
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