Needham & Company LLC Boosts Lantronix (NASDAQ:LTRX) Price Target to $7.50

Lantronix (NASDAQ:LTRX) had its target price raised by equities researchers at Needham & Company LLC from $5.50 to $7.50 in a research note issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s price objective would indicate a potential upside of 49.11% from the company’s previous close.

LTRX has been the subject of several other research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lantronix in a research note on Wednesday, October 8th. Lake Street Capital raised their target price on Lantronix from $4.00 to $5.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Lantronix has a consensus rating of “Moderate Buy” and an average price target of $5.50.

Lantronix Stock Down 1.0%

Shares of NASDAQ LTRX traded down $0.05 during trading hours on Thursday, hitting $5.03. The stock had a trading volume of 313,579 shares, compared to its average volume of 358,320. The company has a market capitalization of $197.53 million, a P/E ratio of -16.77 and a beta of 1.38. The firm’s 50-day moving average price is $4.84 and its two-hundred day moving average price is $3.47. Lantronix has a 52 week low of $1.91 and a 52 week high of $5.74. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.68 and a current ratio of 2.54.

Lantronix (NASDAQ:LTRX) last issued its quarterly earnings data on Wednesday, November 5th. The technology company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.01. The firm had revenue of $29.79 million for the quarter, compared to analyst estimates of $29.55 million. Lantronix had a negative net margin of 9.25% and a negative return on equity of 12.89%. Lantronix has set its Q2 2026 guidance at 0.020-0.04 EPS. Analysts anticipate that Lantronix will post -0.23 EPS for the current fiscal year.

Insider Activity at Lantronix

In related news, major shareholder Bernhard Bruscha sold 12,993 shares of the business’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $4.64, for a total transaction of $60,287.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.40% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. R Squared Ltd bought a new stake in shares of Lantronix in the second quarter valued at approximately $32,000. Bailard Inc. acquired a new position in Lantronix during the 3rd quarter valued at $49,000. Atria Wealth Solutions Inc. bought a new stake in Lantronix in the 2nd quarter valued at $60,000. XTX Topco Ltd bought a new stake in Lantronix in the 2nd quarter valued at $86,000. Finally, Accel Wealth Management acquired a new stake in Lantronix in the 3rd quarter worth $111,000. 39.38% of the stock is currently owned by institutional investors and hedge funds.

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.