Lantronix (NASDAQ:LTRX) Upgraded to “Strong-Buy” at Canaccord Genuity Group

Canaccord Genuity Group upgraded shares of Lantronix (NASDAQ:LTRX) to a strong-buy rating in a report published on Monday,Zacks.com reports.

LTRX has been the subject of several other research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Lantronix in a research report on Tuesday, April 21st. Wall Street Zen raised Lantronix from a “buy” rating to a “strong-buy” rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $9.25.

Lantronix Trading Up 2.4%

LTRX opened at $6.72 on Monday. The business has a 50 day simple moving average of $6.37 and a two-hundred day simple moving average of $6.09. The firm has a market capitalization of $295.55 million, a price-to-earnings ratio of -39.53 and a beta of 1.64. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.74 and a quick ratio of 1.80. Lantronix has a one year low of $2.28 and a one year high of $8.75.

Lantronix (NASDAQ:LTRX) last announced its earnings results on Wednesday, May 6th. The technology company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01). Lantronix had a negative return on equity of 6.79% and a negative net margin of 5.52%.The firm had revenue of $30.18 million during the quarter, compared to the consensus estimate of $30.49 million. Lantronix has set its Q4 2026 guidance at 0.030-0.050 EPS. Analysts predict that Lantronix will post -0.11 EPS for the current year.

Insider Activity

In other news, insider Mathi Gurusamy sold 14,467 shares of the stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $6.21, for a total value of $89,840.07. Following the completion of the transaction, the insider owned 55,569 shares of the company’s stock, valued at approximately $345,083.49. This represents a 20.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.40% of the company’s stock.

Institutional Investors Weigh In On Lantronix

Several hedge funds have recently added to or reduced their stakes in the stock. Ritholtz Wealth Management boosted its holdings in Lantronix by 1.5% in the first quarter. Ritholtz Wealth Management now owns 129,873 shares of the technology company’s stock worth $681,000 after acquiring an additional 1,971 shares in the last quarter. Thompson Davis & CO. Inc. boosted its holdings in Lantronix by 14.8% in the first quarter. Thompson Davis & CO. Inc. now owns 18,950 shares of the technology company’s stock worth $99,000 after acquiring an additional 2,450 shares in the last quarter. R Squared Ltd boosted its holdings in Lantronix by 24.3% in the third quarter. R Squared Ltd now owns 14,073 shares of the technology company’s stock worth $64,000 after acquiring an additional 2,754 shares in the last quarter. Squarepoint Ops LLC boosted its holdings in Lantronix by 52.7% in the third quarter. Squarepoint Ops LLC now owns 19,283 shares of the technology company’s stock worth $88,000 after acquiring an additional 6,654 shares in the last quarter. Finally, Engineers Gate Manager LP boosted its holdings in Lantronix by 79.1% in the fourth quarter. Engineers Gate Manager LP now owns 20,964 shares of the technology company’s stock worth $123,000 after acquiring an additional 9,256 shares in the last quarter. 39.38% of the stock is owned by institutional investors.

About Lantronix

Lantronix, Inc is a provider of secure data access and management solutions designed to simplify the deployment, monitoring and control of devices and equipment across a wide range of industries. Headquartered in Irvine, California, the company develops hardware and software products that enable connectivity for smart devices, industrial machinery, IT infrastructure and other systems in the Internet of Things (IoT) ecosystem.

Founded in 1989, Lantronix was among the early innovators in serial-to-Ethernet device networking and has since expanded its portfolio to include secure console servers, device servers, gateways and embedded modules.