Jason Cohenour Buys 21,000 Shares of Lantronix, Inc. (NASDAQ:LTRX) Stock

Lantronix, Inc. (NASDAQ:LTRX) Director Jason Cohenour purchased 21,000 shares of the firm’s stock in a transaction on Thursday, May 2nd. The shares were purchased at an average cost of $3.63 per share, for a total transaction of $76,230.00. Following the completion of the purchase, the director now directly owns 33,909 shares in the company, valued at $123,089.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Lantronix Price Performance

Shares of Lantronix stock opened at $3.70 on Wednesday. The stock has a market capitalization of $139.05 million, a P/E ratio of -20.56 and a beta of 2.05. The company has a current ratio of 2.25, a quick ratio of 1.32 and a debt-to-equity ratio of 0.18. The business’s fifty day moving average price is $3.52 and its 200 day moving average price is $4.74. Lantronix, Inc. has a twelve month low of $3.08 and a twelve month high of $6.95.

Lantronix (NASDAQ:LTRX) last issued its earnings results on Thursday, February 8th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.06). Lantronix had a negative return on equity of 8.47% and a negative net margin of 4.48%. The firm had revenue of $37.04 million for the quarter, compared to analysts’ expectations of $37.20 million. As a group, research analysts anticipate that Lantronix, Inc. will post -0.06 earnings per share for the current year.

Institutional Investors Weigh In On Lantronix

Several large investors have recently made changes to their positions in the business. AMH Equity Ltd boosted its position in Lantronix by 16.0% during the 4th quarter. AMH Equity Ltd now owns 1,321,234 shares of the technology company’s stock worth $7,742,000 after purchasing an additional 182,552 shares during the period. Wasatch Advisors LP boosted its position in shares of Lantronix by 11.4% in the fourth quarter. Wasatch Advisors LP now owns 1,622,343 shares of the technology company’s stock worth $9,507,000 after buying an additional 165,711 shares during the period. Barclays PLC purchased a new stake in shares of Lantronix during the 3rd quarter valued at about $176,000. Hillsdale Investment Management Inc. acquired a new position in Lantronix during the 4th quarter worth approximately $148,000. Finally, Quadrature Capital Ltd purchased a new position in Lantronix in the 3rd quarter worth approximately $109,000. Institutional investors and hedge funds own 39.38% of the company’s stock.

Analysts Set New Price Targets

LTRX has been the topic of a number of analyst reports. Lake Street Capital decreased their target price on shares of Lantronix from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Tuesday, April 30th. Needham & Company LLC restated a “buy” rating and set a $7.00 price objective on shares of Lantronix in a report on Tuesday, April 30th. Roth Mkm reiterated a “buy” rating and issued a $9.00 target price on shares of Lantronix in a research note on Tuesday, April 30th. StockNews.com raised Lantronix from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 13th. Finally, Craig Hallum dropped their price objective on shares of Lantronix from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Tuesday, April 30th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $8.50.

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.