Lantronix (NASDAQ:LTRX) Rating Increased to Moderate Buy at Needham & Company LLC

Lantronix (NASDAQ:LTRX) was upgraded by investment analysts at Needham & Company LLC to a “moderate buy” rating in a report issued on Friday,Zacks.com reports.

Other equities research analysts also recently issued reports about the company. UBS Group restated a “buy” rating on shares of Lantronix in a report on Friday. Wall Street Zen upgraded Lantronix from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 6th. Canaccord Genuity Group started coverage on Lantronix in a report on Monday. They set a “buy” rating and a $10.50 price objective on the stock. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Lantronix in a report on Tuesday, April 21st. Five investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $9.88.

Lantronix Price Performance

LTRX stock opened at $6.71 on Friday. The company has a quick ratio of 1.80, a current ratio of 2.74 and a debt-to-equity ratio of 0.12. Lantronix has a 52-week low of $2.34 and a 52-week high of $8.75. The stock’s 50 day moving average is $6.48 and its two-hundred day moving average is $6.13. The company has a market capitalization of $295.11 million, a PE ratio of -39.47 and a beta of 1.64.

Lantronix (NASDAQ:LTRX) last posted its quarterly earnings data on Wednesday, May 6th. The technology company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $30.18 million for the quarter, compared to analysts’ expectations of $30.49 million. Lantronix has set its Q4 2026 guidance at 0.030-0.050 EPS. Analysts predict that Lantronix will post -0.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Invesco Ltd. acquired a new position in Lantronix during the 4th quarter valued at approximately $68,000. R Squared Ltd boosted its position in Lantronix by 24.3% during the 3rd quarter. R Squared Ltd now owns 14,073 shares of the technology company’s stock valued at $64,000 after purchasing an additional 2,754 shares during the period. Balyasny Asset Management L.P. acquired a new position in Lantronix during the 4th quarter valued at approximately $86,000. Jefferies Financial Group Inc. acquired a new position in Lantronix during the 4th quarter valued at approximately $95,000. Finally, Thompson Davis & CO. Inc. acquired a new position in Lantronix during the 4th quarter valued at approximately $97,000. Institutional investors and hedge funds own 39.38% of the company’s stock.

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.