Lantronix (NASDAQ:LTRX) Upgraded to “Strong-Buy” by StockNews.com

StockNews.com upgraded shares of Lantronix (NASDAQ:LTRX) from a buy rating to a strong-buy rating in a research note released on Saturday morning.

Several other analysts also recently issued reports on the company. Roth Mkm restated a buy rating and issued a $9.00 price target on shares of Lantronix in a research note on Monday, June 17th. Needham & Company LLC reiterated a buy rating and set a $7.00 price target on shares of Lantronix in a research report on Friday, September 6th. Finally, Canaccord Genuity Group assumed coverage on Lantronix in a research note on Wednesday, September 11th. They issued a buy rating and a $7.50 price target on the stock. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Lantronix has an average rating of Buy and a consensus target price of $7.30.

Lantronix Stock Down 0.5 %

LTRX stock opened at $4.09 on Friday. Lantronix has a fifty-two week low of $3.08 and a fifty-two week high of $6.95. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.95 and a quick ratio of 2.03. The business has a 50-day moving average of $3.79 and a 200-day moving average of $3.69. The stock has a market capitalization of $153.70 million, a P/E ratio of -22.72 and a beta of 2.13.

Lantronix (NASDAQ:LTRX) last issued 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 firm had revenue of $49.08 million for the quarter, compared to analysts’ expectations of $49.10 million. Lantronix had a negative net margin of 2.82% and a negative return on equity of 2.14%. On average, sell-side analysts anticipate that Lantronix will post -0.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Bernhard Bruscha sold 8,435 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $4.00, for a total value of $33,740.00. Following the transaction, the insider now directly owns 5,373,036 shares of the company’s stock, valued at $21,492,144. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders sold 89,014 shares of company stock worth $371,386. Company insiders own 17.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of LTRX. Vanguard Group Inc. increased its stake in Lantronix by 10.3% in the first quarter. Vanguard Group Inc. now owns 1,402,989 shares of the technology company’s stock valued at $4,995,000 after purchasing an additional 131,476 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Lantronix by 18.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,022,193 shares of the technology company’s stock valued at $3,629,000 after buying an additional 159,671 shares during the period. Herald Investment Management Ltd increased its position in Lantronix by 17.6% in the 2nd quarter. Herald Investment Management Ltd now owns 1,000,000 shares of the technology company’s stock valued at $3,550,000 after buying an additional 150,000 shares in the last quarter. AWM Investment Company Inc. raised its stake in Lantronix by 29.8% during the 1st quarter. AWM Investment Company Inc. now owns 989,307 shares of the technology company’s stock worth $3,522,000 after buying an additional 227,374 shares during the period. Finally, First Eagle Investment Management LLC boosted its holdings in Lantronix by 65.0% in the second quarter. First Eagle Investment Management LLC now owns 855,234 shares of the technology company’s stock worth $3,036,000 after acquiring an additional 336,781 shares in the last quarter. Institutional investors and hedge funds own 39.38% of the company’s stock.

Lantronix Company Profile

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.