Lantronix, Inc. (NASDAQ:LTRX) Stock Has Average Target Price of $10.80

Lantronix, Inc. (NASDAQ:LTRX) has been given a consensus rating of “Moderate Buy” by the seven research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $10.80.

Several brokerages recently commented on LTRX. Weiss Ratings restated a “sell (d-)” rating on shares of Lantronix in a report on Friday, July 17th. Wall Street Zen upgraded shares of Lantronix from a “hold” rating to a “buy” rating in a research note on Saturday, August 29th. JonesTrading began coverage on shares of Lantronix in a research note on Wednesday, July 15th. They issued a “buy” rating and a $12.00 price target on the stock. Needham & Company LLC reissued a “buy” rating and set a $11.00 price target on shares of Lantronix in a research report on Thursday, August 27th. Finally, Lake Street Capital increased their price objective on shares of Lantronix from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Friday, September 18th.

Lantronix Trading Down 1.0%

Shares of LTRX opened at $5.85 on Friday. The stock has a market cap of $274.24 million, a PE ratio of -53.18 and a beta of 1.61. Lantronix has a 1 year low of $4.37 and a 1 year high of $8.75. The stock has a 50 day simple moving average of $6.08 and a 200-day simple moving average of $6.10.

Lantronix (NASDAQ:LTRX) last announced its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01. The business had revenue of $31.15 million for the quarter, compared to analyst estimates of $30.69 million. Lantronix had a negative return on equity of 4.88% and a negative net margin of 3.46%. Lantronix has set its Q1 2027 guidance at 0.040-0.060 EPS. On average, sell-side analysts forecast that Lantronix will post 0.10 EPS for the current fiscal year.

Insider Activity

In related news, CEO Saleel Awsare bought 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 9th. The shares were acquired at an average price of $5.18 per share, for a total transaction of $77,700.00. Following the completion of the acquisition, the chief executive officer owned 453,381 shares of the company’s stock, valued at approximately $2,348,513.58. The trade was a 3.42% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Globeflex Capital L P acquired a new position in shares of Lantronix during the second quarter worth $76,000. Thompson Davis & CO. Inc. increased its holdings in Lantronix by 14.8% in the first quarter. Thompson Davis & CO. Inc. now owns 18,950 shares of the technology company’s stock valued at $99,000 after purchasing an additional 2,450 shares during the period. Bank of America Corp DE boosted its holdings in Lantronix by 210.7% in the first quarter. Bank of America Corp DE now owns 38,589 shares of the technology company’s stock valued at $202,000 after acquiring an additional 26,170 shares during the last quarter. Kestra Private Wealth Services LLC acquired a new stake in shares of Lantronix during the first quarter worth $363,000. Finally, WINTON GROUP Ltd boosted its stake in Lantronix by 59.4% during the second quarter. WINTON GROUP Ltd now owns 82,148 shares of the technology company’s stock worth $483,000 after acquiring an additional 30,626 shares in the last quarter. 39.38% of the stock is currently owned by institutional investors.

About Lantronix

Lantronix, Inc is a provider of intelligent edge and Internet of Things (IoT) solutions. The company develops hardware, software and services that help organizations connect, manage and secure devices and equipment across distributed networks.

Its product portfolio includes embedded computing and networking modules, IoT gateways, industrial and enterprise networking equipment, device-management software, cellular and wireless connectivity solutions, and remote-access and out-of-band management products.