Lyntris Inc. (NYSE:LYNX) Stock Has Consensus Target Price of $19.86 According to Brokerages

Shares of Lyntris Inc. (NYSE:LYNX) have been assigned a consensus rating of “Buy” from the eight research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $20.57.

Several research analysts have weighed in on LYNX shares. Evercore initiated coverage on shares of Lyntris in a report on Monday, September 14th. They issued an “outperform” rating and a $22.00 price target on the stock. Zacks Research raised Lyntris to a “hold” rating in a report on Tuesday, September 15th. Wall Street Zen raised Lyntris to a “hold” rating in a report on Saturday, August 29th. Citigroup began coverage on Lyntris in a research note on Monday, September 14th. They issued a “buy” rating and a $19.00 price target for the company. Finally, William Blair began coverage on Lyntris in a report on Monday, September 14th. They issued an “outperform” rating on the stock.

Insider Buying and Selling

In related news, major shareholder Trive Capital Holdings Llc sold 8,333,333 shares of the firm’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $17.50, for a total transaction of $145,833,327.50. Following the transaction, the insider directly owned 11,966,544 shares of the company’s stock, valued at approximately $209,414,520. This trade represents a 41.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Tim Paulin sold 55,169 shares of the firm’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $16.45, for a total transaction of $907,530.05. Following the transaction, the chief financial officer directly owned 496,525 shares in the company, valued at approximately $8,167,836.25. This represents a 10.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 8,912,282 shares of company stock valued at $155,357,039 in the last 90 days.

Lyntris Stock Performance

Shares of LYNX opened at $14.52 on Tuesday. Lyntris has a 1-year low of $8.75 and a 1-year high of $16.00. The stock’s fifty day moving average price is $12.34.

Lyntris (NYSE:LYNX) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.07. The business had revenue of $194.43 million for the quarter. The firm’s revenue was up 90.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.02 earnings per share. On average, analysts predict that Lyntris will post 0.08 earnings per share for the current year.

Lyntris Company Profile

Lyntris Inc is a defense technology company delivering sense-to-act connectivity solutions for the modern, connected battlespace. Lyntris Inc is based in WASHINGTON.