nLight (NASDAQ:LASR) CEO Scott Keeney Sells 35,732 Shares

nLight (NASDAQ:LASR) CEO Scott Keeney sold 35,732 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $28.29, for a total value of $1,010,858.28. Following the transaction, the chief executive officer directly owned 2,513,734 shares in the company, valued at $71,113,534.86. This trade represents a 1.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

nLight Stock Performance

LASR opened at $28.76 on Thursday. The business has a fifty day simple moving average of $21.56 and a 200 day simple moving average of $14.41. The company has a market capitalization of $1.44 billion, a PE ratio of -30.27 and a beta of 2.35. nLight has a 1 year low of $6.20 and a 1 year high of $29.56. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.63 and a quick ratio of 4.41.

nLight (NASDAQ:LASR) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.15. The business had revenue of $61.74 million during the quarter, compared to the consensus estimate of $55.24 million. nLight had a negative return on equity of 19.12% and a negative net margin of 21.66%.The firm’s quarterly revenue was up 22.2% on a year-over-year basis. During the same period in the previous year, the company posted ($0.10) EPS. nLight has set its Q3 2025 guidance at EPS. Research analysts expect that nLight will post -1.1 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Cantor Fitzgerald boosted their price target on nLight from $14.00 to $27.50 and gave the company an “overweight” rating in a research note on Friday, August 8th. Needham & Company LLC upped their target price on nLight from $18.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Stifel Nicolaus upped their target price on nLight from $12.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Craig Hallum reiterated a “buy” rating and set a $24.00 target price (up from $14.00) on shares of nLight in a research report on Thursday, June 26th. Finally, Benchmark upped their target price on nLight from $15.00 to $25.00 and gave the company a “speculative buy” rating in a research report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $26.42.

Hedge Funds Weigh In On nLight

Institutional investors and hedge funds have recently bought and sold shares of the company. Invenomic Capital Management LP bought a new stake in shares of nLight during the 1st quarter valued at about $6,763,000. Segall Bryant & Hamill LLC raised its stake in shares of nLight by 140.4% in the first quarter. Segall Bryant & Hamill LLC now owns 1,207,580 shares of the company’s stock worth $9,383,000 after purchasing an additional 705,215 shares during the last quarter. AIGH Capital Management LLC purchased a new stake in shares of nLight in the second quarter worth approximately $11,810,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of nLight in the second quarter worth approximately $6,778,000. Finally, Needham Investment Management LLC increased its position in shares of nLight by 13.4% during the fourth quarter. Needham Investment Management LLC now owns 2,652,115 shares of the company’s stock valued at $27,821,000 after acquiring an additional 314,375 shares during the last quarter. Institutional investors and hedge funds own 83.88% of the company’s stock.

nLight Company Profile

nLIGHT, Inc designs, develops, manufactures, and sells semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. The company operates in two segments, Laser Products and Advanced Development. It offers semiconductor lasers with various ranges of power levels, wavelengths, and output fiber sizes; and programmable and serviceable fiber lasers for use in industrial and aerospace and defense applications.