Roth Mkm Cuts Lantronix (NASDAQ:LTRX) Price Target to $9.00

Lantronix (NASDAQ:LTRXFree Report) had its price target trimmed by Roth Mkm from $12.00 to $9.00 in a research report report published on Friday, Benzinga reports. The firm currently has a buy rating on the technology company’s stock.

Other equities research analysts also recently issued reports about the stock. StockNews.com downgraded shares of Lantronix from a strong-buy rating to a buy rating in a research note on Monday, February 5th. TheStreet raised shares of Lantronix from a d+ rating to a c- rating in a research note on Friday, December 8th. Finally, Needham & Company LLC lowered their target price on shares of Lantronix from $8.50 to $7.00 and set a buy rating for the company in a research note on Friday. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, Lantronix currently has a consensus rating of Buy and a consensus price target of $9.20.

View Our Latest Analysis on LTRX

Lantronix Trading Down 32.5 %

LTRX opened at $3.92 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.03 and a quick ratio of 1.09. The company has a market cap of $146.06 million, a price-to-earnings ratio of -15.68 and a beta of 2.25. The firm has a 50 day simple moving average of $6.04 and a 200 day simple moving average of $5.05. Lantronix has a fifty-two week low of $3.52 and a fifty-two week high of $6.95.

Insider Transactions at Lantronix

In other news, major shareholder Bernhard Bruscha sold 9,409 shares of the stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $6.03, for a total transaction of $56,736.27. Following the completion of the sale, the insider now owns 5,406,471 shares of the company’s stock, valued at $32,601,020.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 17.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in LTRX. UBS Group AG lifted its stake in Lantronix by 95.1% in the first quarter. UBS Group AG now owns 3,901 shares of the technology company’s stock valued at $26,000 after acquiring an additional 1,901 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Lantronix by 3.7% in the first quarter. Bank of New York Mellon Corp now owns 66,857 shares of the technology company’s stock valued at $447,000 after acquiring an additional 2,416 shares during the last quarter. Royal Bank of Canada lifted its stake in Lantronix by 2,730.4% in the first quarter. Royal Bank of Canada now owns 4,755 shares of the technology company’s stock valued at $32,000 after acquiring an additional 4,587 shares during the last quarter. Stifel Financial Corp lifted its stake in Lantronix by 7.4% in the third quarter. Stifel Financial Corp now owns 78,438 shares of the technology company’s stock valued at $349,000 after acquiring an additional 5,400 shares during the last quarter. Finally, Qube Research & Technologies Ltd acquired a new stake in Lantronix in the third quarter valued at $28,000. Institutional investors and hedge funds own 37.21% of the company’s stock.

Lantronix Company Profile

(Get Free Report)

Lantronix, Inc provides solutions for video surveillance, infotainment systems, and intelligent substations infrastructure in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT System Solutions, which provide wired and wireless connections that enhance the value and utility of modern electronic systems and equipment through secure network connectivity, power for IoT end devices through Power over Ethernet, application hosting, protocol conversion, media conversion, secure access for distributed IoT deployments, and various other functions; Embedded IoT Modules, such as application processing delivering compute to meet customer needs for data transformation, computer vision, machine learning, augmented/virtual reality, audio/video aggregation and distribution, and custom applications; and Software and Engineering Services offers SaaS platform that enables customers to deploy, monitor, manage, and automate across their global deployments through a single platform login.

See Also

Receive News & Ratings for Lantronix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lantronix and related companies with MarketBeat.com's FREE daily email newsletter.