nLight (NASDAQ:LASR) Now Covered by Stifel Nicolaus

Analysts at Stifel Nicolaus started coverage on shares of nLight (NASDAQ:LASR) in a report issued on Tuesday, MarketBeat Ratings reports. The firm set a “buy” rating and a $60.00 price target on the stock. Stifel Nicolaus’ price objective points to a potential upside of 35.91% from the company’s previous close.

A number of other equities analysts also recently weighed in on LASR. Wall Street Zen raised shares of nLight from a “hold” rating to a “buy” rating in a report on Sunday, January 11th. Canaccord Genuity Group raised shares of nLight to a “buy” rating in a research report on Wednesday, December 17th. Cantor Fitzgerald lifted their price target on shares of nLight from $33.50 to $40.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Needham & Company LLC increased their price objective on nLight from $39.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of nLight in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, nLight currently has an average rating of “Moderate Buy” and a consensus price target of $38.43.

nLight Price Performance

LASR stock opened at $44.15 on Tuesday. The company has a market capitalization of $2.24 billion, a P/E ratio of -50.17 and a beta of 2.33. nLight has a 52-week low of $6.20 and a 52-week high of $46.64. The business has a 50-day simple moving average of $36.52 and a two-hundred day simple moving average of $30.40. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.36 and a current ratio of 5.63.

Insider Buying and Selling

In other nLight news, CAO James Nias sold 1,200 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $30.00, for a total transaction of $36,000.00. Following the transaction, the chief accounting officer owned 99,512 shares in the company, valued at approximately $2,985,360. This represents a 1.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Joseph John Corso sold 66,075 shares of nLight stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $36.32, for a total value of $2,399,844.00. Following the transaction, the chief financial officer directly owned 196,224 shares in the company, valued at approximately $7,126,855.68. The trade was a 25.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 141,262 shares of company stock valued at $5,101,910. 6.10% of the stock is owned by insiders.

Institutional Investors Weigh In On nLight

Several institutional investors have recently modified their holdings of LASR. AIGH Capital Management LLC purchased a new position in nLight in the second quarter worth $11,810,000. Coldstream Capital Management Inc. increased its holdings in shares of nLight by 48,328.6% during the second quarter. Coldstream Capital Management Inc. now owns 13,560 shares of the company’s stock valued at $267,000 after acquiring an additional 13,532 shares in the last quarter. Harvey Partners LLC boosted its stake in nLight by 1.7% in the 2nd quarter. Harvey Partners LLC now owns 2,107,348 shares of the company’s stock worth $41,473,000 after purchasing an additional 34,348 shares in the last quarter. Bosun Asset Management LLC acquired a new position in nLight during the 2nd quarter valued at approximately $599,000. Finally, Geode Capital Management LLC raised its holdings in shares of nLight by 6.0% in the second quarter. Geode Capital Management LLC now owns 1,215,479 shares of the company’s stock worth $23,925,000 after buying an additional 68,436 shares during the last quarter. 83.88% of the stock is owned by institutional investors.

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.