nLIGHT (LASR) to Release Earnings on Thursday

nLIGHT (NASDAQ:LASR) is anticipated to post its quarterly earnings results after the market closes on Thursday, February 27th. Analysts expect nLIGHT to post earnings of ($0.21) per share and revenue of $46.62 million for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

nLIGHT Stock Down 1.3 %

Shares of LASR opened at $9.76 on Wednesday. nLIGHT has a 12-month low of $9.15 and a 12-month high of $14.73. The business’s fifty day moving average is $10.73 and its 200 day moving average is $11.04. The stock has a market cap of $472.67 million, a P/E ratio of -9.48 and a beta of 2.18.

Insiders Place Their Bets

In other nLIGHT news, CEO Scott H. Keeney sold 12,013 shares of nLIGHT stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $9.96, for a total value of $119,649.48. Following the transaction, the chief executive officer now directly owns 1,340,146 shares of the company’s stock, valued at $13,347,854.16. The trade was a 0.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Joseph John Corso sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $10.92, for a total value of $27,300.00. Following the transaction, the chief financial officer now directly owns 155,129 shares in the company, valued at $1,694,008.68. This trade represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,019 shares of company stock worth $331,365 in the last quarter. 6.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on LASR shares. Stifel Nicolaus cut their target price on nLIGHT from $17.00 to $14.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Needham & Company LLC cut their target price on nLIGHT from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st.

About nLIGHT

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.