Lyntris Inc. (NYSE:LYNX – Get Free Report) has been assigned an average rating of “Moderate Buy” from the eight research firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $19.86.
Several equities research analysts recently issued reports on the company. Evercore began coverage on Lyntris in a report on Monday, September 14th. They issued an “outperform” rating and a $22.00 price objective on the stock. Bank of America assumed coverage on Lyntris in a research note on Monday, September 14th. They set a “buy” rating and a $21.00 price objective for the company. William Blair initiated coverage on Lyntris in a research report on Monday, September 14th. They issued an “outperform” rating on the stock. UBS Group set a $21.00 price target on Lyntris in a research note on Monday, September 14th. Finally, Citigroup initiated coverage on Lyntris in a research note on Monday, September 14th. They issued a “buy” rating and a $19.00 price target on the stock.
View Our Latest Stock Analysis on LYNX
Lyntris Price Performance
LYNX opened at $11.56 on Tuesday. Lyntris has a twelve month low of $10.27 and a twelve month high of $16.00. The stock’s 50-day moving average is $12.54.
Insider Activity
In related news, CFO Tim Paulin sold 55,169 shares of the business’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 $907,530.05. Following the sale, the chief financial officer directly owned 496,525 shares in the company, valued at approximately $8,167,836.25. The trade was a 10.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Trive Capital Holdings Llc sold 8,333,333 shares of Lyntris stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $17.50, for a total value of $145,833,327.50. Following the completion of the sale, the insider directly owned 11,966,544 shares of the company’s stock, valued at $209,414,520. The trade was a 41.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 8,912,282 shares of company stock valued at $155,357,039 in the last 90 days.
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.
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