Lantronix, Inc. (NASDAQ:LTRX) Given Consensus Rating of “Buy” by Analysts

Lantronix, Inc. (NASDAQ:LTRX) has earned an average rating of “Buy” from the five brokerages that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a buy rating. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $6.50.

LTRX has been the topic of several recent analyst reports. Canaccord Genuity Group cut their target price on shares of Lantronix from $7.50 to $5.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Needham & Company LLC cut their price target on shares of Lantronix from $7.00 to $5.50 and set a “buy” rating on the stock in a report on Monday, November 11th. Finally, StockNews.com cut shares of Lantronix from a “strong-buy” rating to a “buy” rating in a report on Monday, November 11th.

Insider Transactions at Lantronix

In other Lantronix news, Director Hoshi Printer purchased 15,000 shares of Lantronix stock in a transaction dated Tuesday, November 26th. The stock was purchased at an average price of $2.90 per share, with a total value of $43,500.00. Following the transaction, the director now directly owns 176,075 shares of the company’s stock, valued at $510,617.50. This trade represents a 9.31 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Saleel Awsare purchased 80,000 shares of Lantronix stock in a transaction dated Wednesday, November 13th. The shares were acquired at an average cost of $2.66 per share, with a total value of $212,800.00. Following the transaction, the chief executive officer now directly owns 233,184 shares in the company, valued at approximately $620,269.44. The trade was a 52.22 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Barclays PLC boosted its stake in Lantronix by 235.9% in the 3rd quarter. Barclays PLC now owns 62,321 shares of the technology company’s stock worth $257,000 after purchasing an additional 43,770 shares during the period. Renaissance Technologies LLC raised its holdings in Lantronix by 30.4% during the 2nd quarter. Renaissance Technologies LLC now owns 654,494 shares of the technology company’s stock valued at $2,323,000 after buying an additional 152,400 shares during the period. Geode Capital Management LLC raised its holdings in Lantronix by 3.2% during the 3rd quarter. Geode Capital Management LLC now owns 338,202 shares of the technology company’s stock valued at $1,394,000 after buying an additional 10,413 shares during the period. Dimensional Fund Advisors LP increased its stake in Lantronix by 18.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,022,193 shares of the technology company’s stock worth $3,629,000 after purchasing an additional 159,671 shares during the period. Finally, Walleye Capital LLC increased its stake in Lantronix by 61.9% in the third quarter. Walleye Capital LLC now owns 71,467 shares of the technology company’s stock worth $294,000 after purchasing an additional 27,325 shares during the period. 39.38% of the stock is currently owned by institutional investors.

Lantronix Trading Down 0.8 %

LTRX stock opened at $3.51 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.78 and a current ratio of 2.61. Lantronix has a one year low of $2.48 and a one year high of $6.90. The company has a market capitalization of $135.05 million, a PE ratio of -25.07 and a beta of 1.94. The company’s 50 day moving average price is $3.43 and its two-hundred day moving average price is $3.69.

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.