Citigroup Begins Coverage on Lyntris (NYSE:LYNX)

Investment analysts at Citigroup began coverage on shares of Lyntris (NYSE:LYNX) in a research report issued to clients and investors on Monday, MarketBeat reports. The brokerage set a “buy” rating and a $19.00 price target on the stock. Citigroup’s target price points to a potential upside of 49.72% from the stock’s previous close.

Several other equities research analysts also recently weighed in on LYNX. Bank of America began coverage on Lyntris in a report on Monday. They issued a “buy” rating and a $21.00 price target on the stock. Raymond James Financial began coverage on Lyntris in a research report on Monday. They issued an “outperform” rating and a $18.00 price objective on the stock. William Blair assumed coverage on Lyntris in a research report on Monday. They set an “outperform” rating for the company. UBS Group set a $21.00 target price on shares of Lyntris in a research note on Monday. Finally, Evercore assumed coverage on shares of Lyntris in a report on Monday. They issued an “outperform” rating and a $22.00 price target on the stock. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $20.17.

Lyntris Stock Performance

Shares of NYSE:LYNX opened at $12.69 on Monday. Lyntris has a 12 month low of $12.21 and a 12 month high of $16.00.

Insider Activity at Lyntris

In other news, CEO Brian Morrison sold 186,752 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $16.45, for a total transaction of $3,072,070.40. Following the transaction, the chief executive officer owned 1,286,983 shares of the company’s stock, valued at approximately $21,170,870.35. This represents a 12.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brian Raduenz sold 98,445 shares of the firm’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $16.45, for a total value of $1,619,420.25. Following the transaction, the director owned 177,203 shares in the company, valued at approximately $2,914,989.35. This represents a 35.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 8,912,282 shares of company stock worth $155,357,039 over the last three months.

Lyntris Company Profile

Lyntris Inc is a defense technology company delivering sense-to-act connectivity solutions for the modern, connected battlespace. Lyntris Inc is based in WASHINGTON.