Guggenheim Upgrades Lyntris (NYSE:LYNX) to “Strong-Buy”

Lyntris (NYSE:LYNX) was upgraded by stock analysts at Guggenheim to a “strong-buy” rating in a note issued to investors on Monday, Zacks reports.

Several other research analysts have also commented on LYNX. Bank of America started coverage on shares of Lyntris in a report on Monday. They issued a “buy” rating and a $21.00 price target on the stock. Wall Street Zen upgraded shares of Lyntris to a “hold” rating in a research note on Saturday, August 29th. Robert W. Baird set a $18.00 price objective on shares of Lyntris in a research report on Monday. Raymond James Financial began coverage on shares of Lyntris in a research note on Monday. They issued an “outperform” rating and a $18.00 target price on the stock. Finally, Evercore began coverage on shares of Lyntris in a report on Monday. They set an “outperform” rating and a $22.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Lyntris presently has an average rating of “Buy” and a consensus target price of $19.86.

Lyntris Price Performance

Lyntris stock opened at $13.43 on Monday. Lyntris has a 12 month low of $12.21 and a 12 month high of $16.00.

Insider Buying and Selling at Lyntris

In other Lyntris news, President Matthew Alty sold 238,583 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $16.45, for a total value of $3,924,690.35. Following the completion of the transaction, the president directly owned 1,789,377 shares of the company’s stock, valued at $29,435,251.65. This represents a 11.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Brian Raduenz sold 98,445 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $16.45, for a total transaction of $1,619,420.25. Following the completion of the transaction, the director directly owned 177,203 shares of the company’s stock, valued at approximately $2,914,989.35. The trade was a 35.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 8,912,282 shares of company stock worth $155,357,039.

Key Headlines Impacting Lyntris

Here are the key news stories impacting Lyntris this week:

• Positive Sentiment: Evercore ISI initiated coverage of Lyntris with an “outperform” rating, adding to the bullish analyst view of the company. Evercore ISI Group initiates coverage of Lyntris at outperform
• Positive Sentiment: Bank of America began coverage with a “buy” rating and a $21 price target, implying substantial upside from the current trading level. Lyntris rated as buy in new coverage at Bank of America Securities
• Positive Sentiment: Citigroup also initiated coverage with a “buy” rating and a $19 price target, representing approximately 41.5% potential upside. The additional institutional coverage may improve investor awareness of LYNX.
• Positive Sentiment: Evercore upgraded Lyntris to “strong-buy,” reinforcing the company’s favorable analyst momentum.
• Neutral Sentiment: Robert W. Baird upgraded Lyntris to “hold.” Although this is not a bullish rating, the upgrade suggests a less negative view than its prior assessment and does not offset the broader positive analyst consensus.

About Lyntris

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