Nlight Inc (NASDAQ:LASR) major shareholder Mv Management Ix Llc sold 1,192,205 shares of Nlight stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $25.44, for a total transaction of $30,329,695.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Shares of LASR stock opened at $26.72 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 4.69 and a current ratio of 5.73. Nlight Inc has a 52 week low of $22.14 and a 52 week high of $43.63.

Nlight (NASDAQ:LASR) last announced its quarterly earnings data on Wednesday, August 8th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.13 by $0.01. The company had revenue of $51.70 million during the quarter, compared to the consensus estimate of $50.25 million. The firm’s revenue for the quarter was up 49.0% compared to the same quarter last year. equities analysts anticipate that Nlight Inc will post 0.33 earnings per share for the current fiscal year.

LASR has been the topic of several research reports. DA Davidson initiated coverage on shares of Nlight in a research report on Monday, May 21st. They issued a “buy” rating and a $40.00 price objective on the stock. Zacks Investment Research lowered shares of Nlight from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. Needham & Company LLC initiated coverage on shares of Nlight in a research report on Monday, May 21st. They issued a “buy” rating and a $34.00 price objective on the stock. Raymond James initiated coverage on shares of Nlight in a research report on Monday, May 21st. They issued an “outperform” rating and a $40.00 price objective on the stock. Finally, Canaccord Genuity initiated coverage on shares of Nlight in a research report on Monday, May 21st. They issued a “buy” rating and a $35.00 price objective on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. Nlight currently has an average rating of “Buy” and an average target price of $40.00.

Institutional investors and hedge funds have recently bought and sold shares of the company. Scout Investments Inc. purchased a new position in shares of Nlight in the second quarter worth about $334,000. Balter Liquid Alternatives LLC purchased a new position in shares of Nlight in the second quarter worth about $432,000. Spark Investment Management LLC purchased a new position in shares of Nlight in the second quarter worth about $386,000. Senvest Management LLC purchased a new position in shares of Nlight in the second quarter worth about $512,000. Finally, State of Wisconsin Investment Board purchased a new position in shares of Nlight in the second quarter worth about $1,322,000. Hedge funds and other institutional investors own 46.47% of the company’s stock.

Nlight Company Profile

nLIGHT, Inc designs, develops, and manufactures semiconductor and fiber lasers used in various end applications in the industrial, microfabrication, and aerospace and defense markets. The company also produces optical fiber products. It markets and sells its products to original equipment manufacturer primarily through direct sales force in the United States, China, South Korea, Germany, and Finland, as well as through various independent sales representatives and distributors in North America, Asia, and Europe.

Featured Story: Technical Analysis

Receive News & Ratings for Nlight Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nlight and related companies with MarketBeat.com's FREE daily email newsletter.