Research analysts at StockNews.com initiated coverage on shares of LightPath Technologies (NASDAQ:LPTH – Get Free Report) in a report released on Monday. The firm set a “hold” rating on the technology company’s stock.
Separately, Lake Street Capital started coverage on LightPath Technologies in a report on Thursday, January 18th. They set a “buy” rating and a $3.00 target price on the stock.
Read Our Latest Research Report on LightPath Technologies
LightPath Technologies Stock Up 0.7 %
LightPath Technologies (NASDAQ:LPTH – Get Free Report) last announced its quarterly earnings data on Thursday, February 8th. The technology company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). The firm had revenue of $7.32 million during the quarter, compared to analyst estimates of $8.72 million. LightPath Technologies had a negative net margin of 15.48% and a negative return on equity of 14.22%. Equities analysts expect that LightPath Technologies will post -0.14 earnings per share for the current year.
Institutional Trading of LightPath Technologies
Several institutional investors have recently bought and sold shares of the business. Murphy Pohlad Asset Management LLC grew its holdings in LightPath Technologies by 240.7% in the fourth quarter. Murphy Pohlad Asset Management LLC now owns 46,000 shares of the technology company’s stock valued at $58,000 after purchasing an additional 32,500 shares during the period. Commonwealth Equity Services LLC acquired a new stake in LightPath Technologies in the third quarter valued at approximately $50,000. B. Riley Wealth Advisors Inc. grew its holdings in LightPath Technologies by 73.7% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 111,824 shares of the technology company’s stock valued at $141,000 after purchasing an additional 47,429 shares during the period. Worth Venture Partners LLC grew its holdings in LightPath Technologies by 9.9% in the third quarter. Worth Venture Partners LLC now owns 929,611 shares of the technology company’s stock valued at $1,348,000 after purchasing an additional 83,649 shares during the period. Finally, AMH Equity Ltd grew its holdings in LightPath Technologies by 3.7% in the third quarter. AMH Equity Ltd now owns 2,508,201 shares of the technology company’s stock valued at $3,637,000 after purchasing an additional 88,501 shares during the period. 56.29% of the stock is owned by institutional investors and hedge funds.
LightPath Technologies Company Profile
LightPath Technologies, Inc designs, develops, manufactures, and distributes optical components and assemblies. The company offers precision molded glass aspheric optics, molded and diamond-turned infrared aspheric lenses, and other optical components used to produce products that manipulate light; and infrared products, including catalog and custom infrared optics.
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