Canaccord Genuity Group Upgrades Lantronix (NASDAQ:LTRX) to “Strong-Buy”

Posted by Geri Gentry on Jun 9th, 2026

Lantronix (NASDAQ:LTRX – Get Free Report) was upgraded by equities research analysts at Canaccord Genuity Group to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

LTRX has been the topic of several other research reports. Wall Street Zen upgraded shares of Lantronix from a “buy” rating to a “strong-buy” rating in a report on Saturday. Weiss Ratings restated a “sell (d-)” rating on shares of Lantronix in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lantronix currently has an average rating of “Moderate Buy” and a consensus target price of $9.25.

View Our Latest Research Report on Lantronix

Lantronix Stock Up 2.4%

Shares of LTRX opened at $6.72 on Monday. The company has a quick ratio of 1.80, a current ratio of 2.74 and a debt-to-equity ratio of 0.12. The firm has a market cap of $295.55 million, a PE ratio of -39.53 and a beta of 1.64. The company’s fifty day moving average is $6.37 and its two-hundred day moving average is $6.09. Lantronix has a fifty-two week low of $2.28 and a fifty-two week high of $8.75.

Lantronix (NASDAQ:LTRX – Get Free Report) last posted its earnings results on Wednesday, May 6th. The technology company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). The business had revenue of $30.18 million for the quarter, compared to analyst estimates of $30.49 million. Lantronix had a negative net margin of 5.52% and a negative return on equity of 6.79%. Lantronix has set its Q4 2026 guidance at 0.030-0.050 EPS. Analysts forecast that Lantronix will post -0.11 earnings per share for the current year.

Insider Transactions at Lantronix

In related news, insider Mathi Gurusamy sold 14,467 shares of Lantronix stock in a transaction on Friday, March 13th. The shares were sold at an average price of $6.21, for a total transaction of $89,840.07. Following the sale, the insider owned 55,569 shares of the company’s stock, valued at $345,083.49. The trade was a 20.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lantronix

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Invesco Ltd. purchased a new stake in Lantronix during the 4th quarter worth $68,000. R Squared Ltd increased its stake in Lantronix by 24.3% during the 3rd quarter. R Squared Ltd now owns 14,073 shares of the technology company’s stock worth $64,000 after buying an additional 2,754 shares during the period. Balyasny Asset Management L.P. bought a new stake in shares of Lantronix in the 4th quarter worth about $86,000. Jefferies Financial Group Inc. bought a new stake in shares of Lantronix in the 4th quarter worth about $95,000. Finally, Thompson Davis & CO. Inc. bought a new stake in shares of Lantronix in the 4th quarter worth about $97,000. Hedge funds and other institutional investors own 39.38% of the company’s stock.

Lantronix Company Profile

(Get Free Report)

Lantronix, Inc is a provider of secure data access and management solutions designed to simplify the deployment, monitoring and control of devices and equipment across a wide range of industries. Headquartered in Irvine, California, the company develops hardware and software products that enable connectivity for smart devices, industrial machinery, IT infrastructure and other systems in the Internet of Things (IoT) ecosystem.

Founded in 1989, Lantronix was among the early innovators in serial-to-Ethernet device networking and has since expanded its portfolio to include secure console servers, device servers, gateways and embedded modules.