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

Lantronix, Inc. (NASDAQ:LTRX) has been assigned a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $10.40.

LTRX has been the topic of several research analyst reports. Canaccord Genuity Group increased their price target on shares of Lantronix from $10.50 to $11.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Wall Street Zen raised shares of Lantronix from a “hold” rating to a “buy” rating in a report on Saturday. UBS Group reaffirmed a “buy” rating on shares of Lantronix in a research note on Friday, June 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Lantronix in a research report on Friday, July 17th. Finally, Needham & Company LLC restated a “buy” rating and issued a $11.00 price objective on shares of Lantronix in a report on Thursday.

Lantronix Stock Down 10.9%

LTRX stock opened at $5.37 on Friday. Lantronix has a twelve month low of $4.37 and a twelve month high of $8.75. The company has a current ratio of 2.74, a quick ratio of 1.80 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $236.17 million, a P/E ratio of -48.82 and a beta of 1.70. The firm has a 50 day simple moving average of $5.71 and a 200-day simple moving average of $6.04.

Lantronix (NASDAQ:LTRX) last posted its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. Lantronix had a negative net margin of 3.46% and a negative return on equity of 5.62%. The firm had revenue of $31.15 million for the quarter, compared to analysts’ expectations of $30.69 million. Lantronix has set its Q1 2027 guidance at 0.040-0.060 EPS. On average, equities research analysts predict that Lantronix will post 0.09 earnings per share for the current fiscal year.

Institutional Trading of Lantronix

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. AWM Investment Company Inc. bought a new stake in Lantronix during the second quarter worth approximately $7,350,000. Globeflex Capital L P acquired a new position in Lantronix in the second quarter worth approximately $76,000. Bank of New York Mellon Corp bought a new position in shares of Lantronix in the second quarter valued at $937,000. Bank of America Corp DE increased its holdings in shares of Lantronix by 210.7% in the first quarter. Bank of America Corp DE now owns 38,589 shares of the technology company’s stock valued at $202,000 after buying an additional 26,170 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Lantronix by 8.8% during the 1st quarter. Renaissance Technologies LLC now owns 690,194 shares of the technology company’s stock valued at $3,617,000 after acquiring an additional 56,000 shares during the last quarter. 39.38% of the stock is owned by institutional investors and hedge funds.

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.