LightPath Technologies (NASDAQ:LPTH) Price Target Raised to $14.00

LightPath Technologies (NASDAQ:LPTH) had its price objective upped by Lake Street Capital from $10.00 to $14.00 in a research note released on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

LPTH has been the subject of a number of other research reports. LADENBURG THALM/SH SH upgraded LightPath Technologies to a “strong-buy” rating in a research report on Thursday, December 18th. HC Wainwright lifted their price objective on LightPath Technologies from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, November 12th. Wall Street Zen upgraded shares of LightPath Technologies from a “sell” rating to a “hold” rating in a research report on Sunday, December 21st. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of LightPath Technologies in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, LightPath Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.13.

LightPath Technologies Stock Performance

LPTH stock opened at $12.63 on Tuesday. The company has a 50 day moving average price of $8.39 and a 200 day moving average price of $6.37. LightPath Technologies has a fifty-two week low of $1.61 and a fifty-two week high of $12.73. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.98 and a quick ratio of 1.26. The stock has a market capitalization of $575.04 million, a PE ratio of -32.38 and a beta of 0.98.

Insider Transactions at LightPath Technologies

In other news, Director Run Strategic Opportunit North sold 770,321 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $11.72, for a total transaction of $9,028,162.12. Following the completion of the transaction, the director directly owned 2,728,968 shares in the company, valued at approximately $31,983,504.96. The trade was a 22.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 24.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of LPTH. Lake Street Private Wealth LLC bought a new stake in LightPath Technologies in the fourth quarter valued at approximately $108,000. JPMorgan Chase & Co. acquired a new position in shares of LightPath Technologies in the 3rd quarter valued at $183,000. Tudor Investment Corp ET AL bought a new stake in shares of LightPath Technologies in the 3rd quarter valued at $8,445,000. FNY Investment Advisers LLC bought a new stake in shares of LightPath Technologies in the 3rd quarter valued at $396,000. Finally, Hudson Bay Capital Management LP acquired a new stake in LightPath Technologies during the 3rd quarter worth $84,000. Institutional investors own 56.29% of the company’s stock.

LightPath Technologies Company Profile

LightPath Technologies, Inc designs, manufactures and distributes precision optical components and assemblies for a variety of commercial, industrial, defense and scientific applications. The company’s portfolio includes molded glass aspheric lenses, precision glass optics, infrared lenses and assemblies, diamond-turned optics and molded polymer optics. These components are engineered to support imaging, illumination, laser delivery, detection and sensing systems across visible, ultraviolet and infrared wavelengths.

Among its core offerings, LightPath develops infrared optical solutions using materials such as germanium, zinc selenide and chalcogenide glasses for thermal imaging, night-vision devices and spectroscopy.