Deutsche Bank AG Makes New Investment in nLight $LASR

Deutsche Bank AG acquired a new stake in nLight (NASDAQ:LASR) in the 2nd quarter, Holdings Channel reports. The firm acquired 75,447 shares of the company’s stock, valued at approximately $5,253,000.

Other institutional investors also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. bought a new position in nLight during the first quarter worth $52,000. Sunbelt Securities Inc. increased its stake in nLight by 7,142.9% in the fourth quarter. Sunbelt Securities Inc. now owns 1,014 shares of the company’s stock valued at $38,000 after purchasing an additional 1,000 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in nLight by 155.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,062 shares of the company’s stock valued at $40,000 after purchasing an additional 647 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of nLight by 7,871.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,116 shares of the company’s stock valued at $42,000 after purchasing an additional 1,102 shares during the period. Finally, SBI Securities Co. Ltd. raised its holdings in shares of nLight by 22.3% during the fourth quarter. SBI Securities Co. Ltd. now owns 1,225 shares of the company’s stock valued at $46,000 after purchasing an additional 223 shares during the period. Institutional investors and hedge funds own 83.88% of the company’s stock.

nLight Price Performance

LASR opened at $44.11 on Tuesday. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of -176.44 and a beta of 2.31. The firm’s fifty day moving average price is $63.30 and its two-hundred day moving average price is $65.08. nLight has a 1 year low of $27.22 and a 1 year high of $86.95.

nLight (NASDAQ:LASR) last posted its earnings results on Thursday, August 6th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.01. nLight had a negative net margin of 4.02% and a negative return on equity of 2.83%. The firm had revenue of $82.59 million during the quarter, compared to analyst estimates of $78.58 million. During the same quarter in the prior year, the business posted $0.06 EPS. The business’s revenue was up 33.8% compared to the same quarter last year. As a group, equities analysts anticipate that nLight will post -0.19 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on LASR. Raymond James Financial restated a “strong-buy” rating and issued a $100.00 target price on shares of nLight in a research note on Friday, May 8th. Wall Street Zen lowered nLight from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. UBS Group set a $90.00 price objective on nLight in a research note on Friday, July 10th. Zacks Research downgraded nLight from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Finally, Craig Hallum increased their target price on nLight from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $87.94.

Insider Buying and Selling at nLight

In other nLight news, CFO Joseph John Corso sold 3,817 shares of the stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $72.90, for a total value of $278,259.30. Following the completion of the sale, the chief financial officer owned 169,915 shares in the company, valued at approximately $12,386,803.50. This trade represents a 2.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Scott H. Keeney sold 16,089 shares of nLight stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $74.60, for a total transaction of $1,200,239.40. Following the transaction, the chief executive officer directly owned 2,185,039 shares in the company, valued at approximately $163,003,909.40. This represents a 0.73% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 116,331 shares of company stock worth $8,834,029. Insiders own 3.10% of the company’s stock.

nLight Company Profile

nLIGHT, Inc designs, develops, manufactures, and sells semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. The company operates in two segments, Laser Products and Advanced Development. It offers semiconductor lasers with various ranges of power levels, wavelengths, and output fiber sizes; and programmable and serviceable fiber lasers for use in industrial and aerospace and defense applications. The company also provides laser sensors, including light detection and ranging technologies for intelligence, surveillance, and reconnaissance applications; and fiber amplifiers, beam combination, and control systems for use in high-energy laser systems in directed energy applications.