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

Lantronix, Inc. (NASDAQ:LTRX) has been assigned an average recommendation of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $9.8750.

A number of brokerages recently weighed in on LTRX. Canaccord Genuity Group began coverage on Lantronix in a research report on Monday. They set a “buy” rating and a $10.50 price objective on the stock. Wall Street Zen raised Lantronix from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lantronix in a research report on Tuesday, April 21st. UBS Group reaffirmed a “buy” rating on shares of Lantronix in a research report on Friday. Finally, Needham & Company LLC began coverage on Lantronix in a research note on Friday. They issued a “buy” rating and a $11.00 price target for the company.

Lantronix Price Performance

LTRX opened at $6.71 on Monday. Lantronix has a 12-month low of $2.34 and a 12-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 business’s fifty day simple moving average is $6.48 and its 200-day simple moving average is $6.13. The company has a market capitalization of $295.11 million, a price-to-earnings ratio of -39.47 and a beta of 1.64.

Lantronix (NASDAQ:LTRX) last posted its quarterly earnings results on Wednesday, May 6th. The technology company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). Lantronix had a negative return on equity of 6.79% and a negative net margin of 5.52%.The firm had revenue of $30.18 million for the quarter, compared to the consensus estimate of $30.49 million. Lantronix has set its Q4 2026 guidance at 0.030-0.050 EPS. On average, equities research analysts anticipate that Lantronix will post -0.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lantronix

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its stake 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 worth $202,000 after purchasing an additional 26,170 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Lantronix by 8.8% in the first quarter. Renaissance Technologies LLC now owns 690,194 shares of the technology company’s stock worth $3,617,000 after purchasing an additional 56,000 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake 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 worth $4,952,000 after purchasing an additional 275,842 shares during the last quarter. Sei Investments Co. raised its stake in shares of Lantronix by 138.0% in the first quarter. Sei Investments Co. now owns 261,292 shares of the technology company’s stock worth $1,369,000 after purchasing an additional 151,485 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Lantronix by 236.4% during the first quarter. Bank of New York Mellon Corp now owns 87,316 shares of the technology company’s stock worth $458,000 after acquiring an additional 61,358 shares during the period. 39.38% of the stock is currently owned by hedge funds and other 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.