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

Lantronix (NASDAQ:LTRX) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday.

Several other research analysts have also commented on the stock. Needham & Company LLC reissued a “buy” rating and issued a $7.00 price objective on shares of Lantronix in a research note on Tuesday, April 30th. Roth Mkm restated a “buy” rating and issued a $9.00 price target on shares of Lantronix in a research note on Tuesday, April 30th. Lake Street Capital cut their price objective on Lantronix from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Tuesday, April 30th. Finally, Craig Hallum decreased their target price on Lantronix from $7.00 to $6.00 and set a “buy” rating for the company in a report on Tuesday, April 30th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $8.50.

Lantronix Stock Down 0.5 %

Lantronix stock opened at $3.75 on Friday. The company has a market capitalization of $140.93 million, a PE ratio of -20.83 and a beta of 2.05. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.32 and a current ratio of 2.25. Lantronix has a fifty-two week low of $3.08 and a fifty-two week high of $6.95. The firm has a 50 day moving average price of $3.51 and a 200 day moving average price of $4.69.

Lantronix (NASDAQ:LTRX) last released its quarterly earnings results on Monday, April 29th. The technology company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). The business had revenue of $41.18 million during the quarter, compared to analyst estimates of $40.80 million. Lantronix had a negative return on equity of 8.47% and a negative net margin of 4.48%. Research analysts expect that Lantronix will post -0.06 earnings per share for the current year.

Insider Buying and Selling

In other Lantronix news, Director Jason Cohenour purchased 21,000 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were bought at an average cost of $3.63 per share, for a total transaction of $76,230.00. Following the completion of the purchase, the director now directly owns 33,909 shares in the company, valued at $123,089.67. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Jason Cohenour purchased 21,000 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were bought at an average cost of $3.63 per share, for a total transaction of $76,230.00. Following the completion of the purchase, the director now directly owns 33,909 shares of the company’s stock, valued at approximately $123,089.67. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Saleel Awsare acquired 10,000 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were bought at an average cost of $3.66 per share, for a total transaction of $36,600.00. Following the acquisition, the chief executive officer now owns 30,000 shares of the company’s stock, valued at approximately $109,800. The disclosure for this purchase can be found here. Insiders own 17.30% of the company’s stock.

Hedge Funds Weigh In On Lantronix

Large investors have recently bought and sold shares of the stock. AWM Investment Company Inc. lifted its holdings in shares of Lantronix by 29.8% in the 1st quarter. AWM Investment Company Inc. now owns 989,307 shares of the technology company’s stock valued at $3,522,000 after purchasing an additional 227,374 shares during the last quarter. AMH Equity Ltd lifted its stake in Lantronix by 16.0% in the fourth quarter. AMH Equity Ltd now owns 1,321,234 shares of the technology company’s stock valued at $7,742,000 after buying an additional 182,552 shares during the last quarter. Wasatch Advisors LP boosted its holdings in shares of Lantronix by 11.4% in the fourth quarter. Wasatch Advisors LP now owns 1,622,343 shares of the technology company’s stock valued at $9,507,000 after acquiring an additional 165,711 shares during the period. Vanguard Group Inc. grew its position in shares of Lantronix by 10.3% during the first quarter. Vanguard Group Inc. now owns 1,402,989 shares of the technology company’s stock worth $4,995,000 after acquiring an additional 131,476 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of Lantronix in the 1st quarter valued at $369,000. 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.