Lantronix, Inc. (NASDAQ:LTRX) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Lantronix, Inc. (NASDAQ:LTRX) have been given a consensus rating of “Buy” by the five ratings firms that are presently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a buy recommendation. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $7.30.

A number of equities analysts have commented on LTRX shares. StockNews.com upgraded shares of Lantronix from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 12th. Canaccord Genuity Group assumed coverage on shares of Lantronix in a research report on Wednesday, September 11th. They set a “buy” rating and a $7.50 price target on the stock. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $7.00 price objective on shares of Lantronix in a research report on Friday, September 6th.

Lantronix Stock Performance

Shares of Lantronix stock opened at $4.07 on Friday. The business’s 50 day moving average price is $3.82 and its 200 day moving average price is $3.71. The company has a market cap of $152.95 million, a price-to-earnings ratio of -22.61 and a beta of 2.13. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.03 and a current ratio of 2.95. Lantronix has a one year low of $3.08 and a one year high of $6.95.

Lantronix (NASDAQ:LTRX) last posted its quarterly earnings results on Thursday, September 5th. The technology company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.06 by $0.02. The business had revenue of $49.08 million for the quarter, compared to analyst estimates of $49.10 million. Lantronix had a negative return on equity of 2.14% and a negative net margin of 2.82%. On average, research analysts predict that Lantronix will post -0.01 EPS for the current year.

Insider Transactions at Lantronix

In related news, major shareholder Bernhard Bruscha sold 8,435 shares of Lantronix stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $4.00, for a total value of $33,740.00. Following the completion of the sale, the insider now owns 5,373,036 shares in the company, valued at approximately $21,492,144. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders have sold 109,014 shares of company stock worth $452,986. 17.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Lantronix

A number of institutional investors have recently modified their holdings of the company. Mackenzie Financial Corp acquired a new position in Lantronix during the 2nd quarter worth about $50,000. Marshall Wace LLP lifted its position in shares of Lantronix by 260.2% during the second quarter. Marshall Wace LLP now owns 160,270 shares of the technology company’s stock worth $569,000 after purchasing an additional 115,772 shares in the last quarter. ProShare Advisors LLC purchased a new position in shares of Lantronix in the second quarter valued at approximately $42,000. XTX Topco Ltd grew its holdings in shares of Lantronix by 217.7% in the second quarter. XTX Topco Ltd now owns 149,855 shares of the technology company’s stock valued at $532,000 after purchasing an additional 102,688 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its stake in Lantronix by 65.0% during the 2nd quarter. First Eagle Investment Management LLC now owns 855,234 shares of the technology company’s stock worth $3,036,000 after buying an additional 336,781 shares during the period. 39.38% of the stock is owned by institutional investors and hedge funds.

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.