Wall Street Zen Upgrades Lantronix (NASDAQ:LTRX) to “Buy”

Lantronix (NASDAQ:LTRX) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

LTRX has been the topic of several other reports. Needham & Company LLC restated a “buy” rating and issued a $11.00 target price on shares of Lantronix in a research note on Thursday. Canaccord Genuity Group increased their price target on Lantronix from $10.50 to $11.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. UBS Group reissued a “buy” rating on shares of Lantronix in a report on Friday, June 12th. JonesTrading assumed coverage on Lantronix in a research note on Wednesday, July 15th. They issued a “buy” rating and a $12.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lantronix in a report on Friday, July 17th. Six analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $10.40.

Lantronix Price Performance

Shares of LTRX stock opened at $5.37 on Friday. The company has a 50 day moving average of $5.71 and a 200-day moving average of $6.04. Lantronix has a 12-month low of $4.37 and a 12-month high of $8.75. The firm has a market cap of $250.83 million, a P/E ratio of -48.82 and a beta of 1.70.

Lantronix (NASDAQ:LTRX) last posted its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. Lantronix had a negative net margin of 3.46% and a negative return on equity of 4.88%. The company 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. As a group, equities analysts expect that Lantronix will post 0.09 EPS for the current year.

Institutional Trading of Lantronix

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Lantronix by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,486,791 shares of the technology company’s stock worth $6,795,000 after purchasing an additional 40,890 shares during the period. AWM Investment Company Inc. purchased a new stake in shares of Lantronix in the second quarter worth about $7,350,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Lantronix by 41.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 945,025 shares of the technology company’s stock valued at $4,952,000 after acquiring an additional 275,842 shares during the period. Renaissance Technologies LLC grew its stake in Lantronix by 8.8% during the first 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 in the last quarter. Finally, Marshall Wace LLP increased its holdings in Lantronix by 9.7% during the 4th quarter. Marshall Wace LLP now owns 678,929 shares of the technology company’s stock worth $3,979,000 after acquiring an additional 59,866 shares during the period. 39.38% of the stock is currently 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.