Zacks Research Upgrades Lyntris (NYSE:LYNX) to “Hold”

Lyntris (NYSE:LYNX) was upgraded by research analysts at Zacks Research to a “hold” rating in a note issued to investors on Tuesday, Zacks reports.

A number of other research firms have also issued reports on LYNX. Wall Street Zen upgraded shares of Lyntris to a “hold” rating in a report on Saturday, August 29th. Guggenheim started coverage on shares of Lyntris in a research report on Monday. They issued a “buy” rating and a $20.00 price objective for the company. William Blair started coverage on shares of Lyntris in a research note on Monday. They set an “outperform” rating on the stock. Evercore initiated coverage on shares of Lyntris in a research note on Monday. They issued an “outperform” rating and a $22.00 target price for the company. Finally, Raymond James Financial began coverage on Lyntris in a report on Monday. They issued an “outperform” rating and a $18.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.86.

Lyntris Stock Performance

Lyntris stock opened at $13.65 on Tuesday. Lyntris has a fifty-two week low of $12.21 and a fifty-two week high of $16.00.

Insider Activity at Lyntris

In other news, Director Brian Raduenz sold 98,445 shares of Lyntris stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $16.45, for a total transaction of $1,619,420.25. Following the sale, the director owned 177,203 shares in the company, valued at $2,914,989.35. This trade represents a 35.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Tim Paulin sold 55,169 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $16.45, for a total transaction of $907,530.05. Following the completion of the transaction, the chief financial officer owned 496,525 shares of the company’s stock, valued at $8,167,836.25. This trade represents a 10.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 8,912,282 shares of company stock valued at $155,357,039.

About Lyntris

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