Lyntris (NYSE:LYNX – Get Free Report) was upgraded by equities research analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a report issued on Thursday, Briefing.com reports. The brokerage presently has a $18.00 price target on the stock. Robert W. Baird‘s target price suggests a potential upside of 90.68% from the company’s previous close.
Several other equities research analysts have also recently weighed in on LYNX. UBS Group set a $21.00 price target on Lyntris in a research report on Monday, September 14th. Evercore began coverage on shares of Lyntris in a research report on Monday, September 14th. They issued an “outperform” rating and a $22.00 price objective for the company. Bank of America started coverage on shares of Lyntris in a research note on Monday, September 14th. They set a “buy” rating and a $21.00 price objective for the company. Zacks Research raised shares of Lyntris to a “hold” rating in a report on Tuesday, September 15th. Finally, Wall Street Zen raised shares of Lyntris to a “hold” rating in a report on Saturday, August 29th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $19.86.
Check Out Our Latest Stock Report on Lyntris
Lyntris Stock Performance
Shares of LYNX opened at $9.44 on Thursday. The business’s 50-day moving average is $12.38. Lyntris has a 52-week low of $8.75 and a 52-week high of $16.00.
Lyntris (NYSE:LYNX – Get Free Report) last issued its earnings results on Wednesday, November 4th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.08 by $0.07. The company had revenue of $194.43 million during the quarter. The firm’s revenue for the quarter was up 90.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.02 EPS. As a group, research analysts expect that Lyntris will post 0.15 EPS for the current year.
Insider Transactions at Lyntris
In other news, President Matthew Alty sold 238,583 shares of Lyntris stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $16.45, for a total transaction of $3,924,690.35. Following the completion of the sale, the president owned 1,789,377 shares in the company, valued at approximately $29,435,251.65. This trade represents a 11.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Tim Paulin sold 55,169 shares of Lyntris 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 owned 496,525 shares of the company’s stock, valued at approximately $8,167,836.25. This trade represents a 10.00% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 8,912,282 shares of company stock worth $155,357,039.
Lyntris Company Profile
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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