Lantronix (NASDAQ:LTRX) Price Target Lowered to $4.50 at Needham & Company LLC

Lantronix (NASDAQ:LTRX) had its price objective dropped by investment analysts at Needham & Company LLC from $5.50 to $4.50 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s price objective indicates a potential upside of 114.29% from the company’s current price.

A number of other equities research analysts also recently weighed in on LTRX. Canaccord Genuity Group cut their price target on Lantronix from $5.00 to $4.50 and set a “buy” rating for the company in a research note on Friday, February 7th. Lake Street Capital dropped their price target on shares of Lantronix from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Friday. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $5.50.

Lantronix Trading Down 7.5%

Shares of LTRX opened at $2.10 on Monday. Lantronix has a fifty-two week low of $1.91 and a fifty-two week high of $4.55. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.69 and a current ratio of 2.56. The stock has a fifty day moving average of $2.34 and a two-hundred day moving average of $3.06. The company has a market capitalization of $81.46 million, a PE ratio of -16.15 and a beta of 1.49.

Lantronix (NASDAQ:LTRX) last released its quarterly earnings results on Monday, May 5th. The technology company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.13). Lantronix had a negative return on equity of 2.62% and a negative net margin of 3.15%. As a group, analysts forecast that Lantronix will post -0.23 EPS for the current year.

Insider Buying and Selling at Lantronix

In other news, Director Hoshi Printer purchased 15,000 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was purchased at an average price of $2.70 per share, for a total transaction of $40,500.00. Following the completion of the purchase, the director now directly owns 191,425 shares in the company, valued at $516,847.50. The trade was a 8.50% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kevin S. Palatnik purchased 20,000 shares of the stock in a transaction on Friday, February 28th. The shares were acquired at an average cost of $2.54 per share, for a total transaction of $50,800.00. Following the transaction, the director now owns 20,000 shares of the company’s stock, valued at approximately $50,800. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 50,000 shares of company stock valued at $129,250. 1.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Lantronix

Institutional investors have recently bought and sold shares of the business. Heartland Advisors Inc. bought a new position in shares of Lantronix in the first quarter worth $3,486,000. Dimensional Fund Advisors LP grew its stake in Lantronix by 16.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,323,971 shares of the technology company’s stock worth $5,455,000 after buying an additional 186,479 shares in the last quarter. Truffle Hound Capital LLC bought a new position in Lantronix in the 4th quarter valued at about $4,120,000. Marshall Wace LLP raised its position in shares of Lantronix by 16.5% in the 4th quarter. Marshall Wace LLP now owns 483,868 shares of the technology company’s stock valued at $1,994,000 after buying an additional 68,669 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Lantronix by 3.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 284,108 shares of the technology company’s stock worth $1,171,000 after acquiring an additional 8,992 shares during the period. Institutional investors own 39.38% of the company’s stock.

Lantronix Company Profile

Lantronix, Inc provides solutions for video surveillance, infotainment systems, and intelligent substations infrastructure in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT System Solutions, which provide wired and wireless connections that enhance the value and utility of modern electronic systems and equipment through secure network connectivity, power for IoT end devices through Power over Ethernet, application hosting, protocol conversion, media conversion, secure access for distributed IoT deployments, and various other functions; Embedded IoT Modules, such as application processing delivering compute to meet customer needs for data transformation, computer vision, machine learning, augmented/virtual reality, audio/video aggregation and distribution, and custom applications; and Software and Engineering Services offers SaaS platform that enables customers to deploy, monitor, manage, and automate across their global deployments through a single platform login.