Roth Mkm Reaffirms “Buy” Rating for Lantronix (NASDAQ:LTRX)

Roth Mkm reaffirmed their buy rating on shares of Lantronix (NASDAQ:LTRX) in a research report report published on Tuesday, Benzinga reports. Roth Mkm currently has a $9.00 target price on the technology company’s stock.

A number of other equities research analysts also recently weighed in on the company. StockNews.com upgraded Lantronix from a buy rating to a strong-buy rating in a research report on Tuesday, February 13th. Needham & Company LLC decreased their price objective on shares of Lantronix from $8.50 to $7.00 and set a buy rating for the company in a research note on Tuesday, March 12th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Buy and an average price target of $8.50.

Lantronix Stock Down 1.1 %

Shares of Lantronix stock opened at $3.64 on Tuesday. The company has a current ratio of 2.08, a quick ratio of 1.19 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $136.42 million, a price-to-earnings ratio of -20.22 and a beta of 2.05. Lantronix has a twelve month low of $3.08 and a twelve month high of $6.95. The business’s 50 day simple moving average is $3.54 and its 200-day simple moving average is $4.74.

Lantronix (NASDAQ:LTRX) last released its quarterly earnings results on Thursday, February 8th. The technology company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.06). Lantronix had a negative net margin of 4.48% and a negative return on equity of 8.50%. The business had revenue of $37.04 million for the quarter, compared to the consensus estimate of $37.20 million. Equities research analysts forecast that Lantronix will post -0.04 earnings per share for the current year.

Insider Buying and Selling at Lantronix

In other Lantronix news, Director Philip G. Brace acquired 15,000 shares of Lantronix stock in a transaction dated Tuesday, February 13th. The stock was bought at an average cost of $3.95 per share, with a total value of $59,250.00. Following the completion of the transaction, the director now owns 27,000 shares of the company’s stock, valued at $106,650. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Philip G. Brace bought 15,000 shares of Lantronix stock in a transaction that occurred on Tuesday, February 13th. The stock was acquired at an average price of $3.95 per share, for a total transaction of $59,250.00. Following the completion of the purchase, the director now owns 27,000 shares in the company, valued at $106,650. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Saleel Awsare purchased 20,000 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were purchased at an average price of $3.91 per share, for a total transaction of $78,200.00. Following the completion of the purchase, the chief executive officer now directly owns 20,000 shares of the company’s stock, valued at $78,200. The disclosure for this purchase can be found here. Insiders own 17.30% of the company’s stock.

Institutional Investors Weigh In On Lantronix

Institutional investors have recently bought and sold shares of the business. AMH Equity Ltd boosted its position in shares of Lantronix by 13.9% during the 3rd quarter. AMH Equity Ltd now owns 1,138,682 shares of the technology company’s stock valued at $5,067,000 after acquiring an additional 138,682 shares in the last quarter. Jump Financial LLC acquired a new position in shares of Lantronix in the 3rd quarter worth approximately $66,000. Barclays PLC bought a new position in shares of Lantronix during the 3rd quarter worth approximately $176,000. Algert Global LLC acquired a new stake in Lantronix in the 3rd quarter valued at $50,000. Finally, Quadrature Capital Ltd bought a new stake in Lantronix in the third quarter valued at $109,000. Institutional investors and hedge funds own 39.38% of the company’s stock.

About Lantronix

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.