Lantronix, Inc. (NASDAQ:LTRX) Given Average Rating of “Moderate Buy” by Brokerages

Lantronix, Inc. (NASDAQ:LTRX) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $10.00.

A number of brokerages have recently issued reports on LTRX. Needham & Company LLC assumed coverage on shares of Lantronix in a research note on Friday, June 12th. They issued a “buy” rating and a $11.00 target price on the stock. Wall Street Zen lowered Lantronix from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 14th. Canaccord Genuity Group upped their price target on Lantronix from $10.50 to $11.00 and gave the company a “buy” rating in a research report on Thursday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lantronix in a report on Tuesday, April 21st. Finally, UBS Group reiterated a “buy” rating on shares of Lantronix in a research note on Friday, June 12th.

Institutional Investors Weigh In On Lantronix

Institutional investors have recently modified their holdings of the business. Jane Street Group LLC lifted its holdings in shares of Lantronix by 19.7% in the 1st quarter. Jane Street Group LLC now owns 71,293 shares of the technology company’s stock worth $178,000 after purchasing an additional 11,728 shares during the last quarter. XTX Topco Ltd acquired a new stake in Lantronix in the second quarter worth $86,000. Marshall Wace LLP increased its position in Lantronix by 10.6% in the second quarter. Marshall Wace LLP now owns 446,164 shares of the technology company’s stock worth $1,280,000 after buying an additional 42,838 shares during the period. Manatuck Hill Partners LLC bought a new stake in Lantronix in the second quarter valued at $302,000. Finally, Vanguard Group Inc. lifted its stake in Lantronix by 2.8% in the third quarter. Vanguard Group Inc. now owns 1,486,791 shares of the technology company’s stock valued at $6,795,000 after buying an additional 40,890 shares during the last quarter. Institutional investors own 39.38% of the company’s stock.

Lantronix Trading Up 7.1%

Shares of LTRX opened at $5.70 on Friday. Lantronix has a one year low of $2.86 and a one year high of $8.75. The stock has a 50-day moving average price of $6.45 and a 200 day moving average price of $6.19. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.80 and a current ratio of 2.74. The company has a market capitalization of $250.69 million, a P/E ratio of -33.53 and a beta of 1.69.

Lantronix (NASDAQ:LTRX) last posted its quarterly earnings data 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). The business had revenue of $30.18 million for the quarter, compared to analysts’ expectations of $30.49 million. Lantronix had a negative return on equity of 6.79% and a negative net margin of 5.52%.Lantronix has set its Q4 2026 guidance at 0.030-0.050 EPS. Sell-side analysts forecast that Lantronix will post -0.11 EPS for the current fiscal year.

Lantronix Company Profile

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.