Lantronix (NASDAQ:LTRX) Stock Price Target Cut by Canaccord Genuity Group

Posted by Geri Gentry on Nov 11th, 2026

Lantronix (NASDAQ:LTRX – Get Free Report) had its target price decreased by Canaccord Genuity Group from $11.00 to $10.50 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Canaccord Genuity Group‘s target price points to a potential upside of 116.05% from the company’s current price.

Several other research firms have also recently issued reports on LTRX. JonesTrading initiated coverage on shares of Lantronix in a research note on Wednesday, July 15th. They set a “buy” rating and a $12.00 price target on the stock. Zacks Research lowered shares of Lantronix from a “hold” rating to a “strong sell” rating in a research report on Monday. Wall Street Zen raised shares of Lantronix from a “hold” rating to a “buy” rating in a research note on Saturday, August 29th. Lake Street Capital raised their target price on shares of Lantronix from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Friday, September 18th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $11.00 target price on shares of Lantronix in a research note on Thursday, August 27th. Six investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $10.70.

Check Out Our Latest Report on Lantronix

Lantronix Trading Up 10.7%

Shares of NASDAQ LTRX traded up $0.47 during trading on Wednesday, reaching $4.86. The company had a trading volume of 865,739 shares, compared to its average volume of 1,006,627. Lantronix has a twelve month low of $4.36 and a twelve month high of $8.75. The stock has a market capitalization of $227.84 million, a PE ratio of -60.75 and a beta of 1.36. The stock has a 50-day moving average price of $6.00 and a two-hundred day moving average price of $6.06.

Lantronix (NASDAQ:LTRX – Get Free Report) last posted its quarterly earnings data on Monday, November 9th. The technology company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. The business had revenue of $32.37 million for the quarter, compared to analyst estimates of $31.98 million. Lantronix had a negative return on equity of 3.63% and a negative net margin of 2.63%. On average, sell-side analysts predict that Lantronix will post 0.07 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Saleel Awsare purchased 15,000 shares of the firm’s stock in a transaction on Wednesday, September 9th. The shares were bought at an average price of $5.18 per share, for a total transaction of $77,700.00. Following the acquisition, the chief executive officer directly owned 453,381 shares in the company, valued at $2,348,513.58. This trade represents a 3.42% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. 2.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royce & Associates LP grew its position in Lantronix by 19.1% during the third quarter. Royce & Associates LP now owns 1,448,513 shares of the technology company’s stock valued at $10,444,000 after acquiring an additional 232,427 shares during the period. AWM Investment Company Inc. acquired a new position in shares of Lantronix in the 2nd quarter valued at about $7,350,000. First Eagle Investment Management LLC acquired a new position in shares of Lantronix in the 3rd quarter valued at about $6,889,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Lantronix by 41.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 945,025 shares of the technology company’s stock worth $4,952,000 after purchasing an additional 275,842 shares during the period. Finally, Renaissance Technologies LLC increased its position in Lantronix by 8.8% during the 1st quarter. Renaissance Technologies LLC now owns 690,194 shares of the technology company’s stock worth $3,617,000 after purchasing an additional 56,000 shares in the last quarter. Institutional investors and hedge funds own 39.38% of the company’s stock.

About Lantronix

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Lantronix, Inc. (NASDAQ: LTRX) is a provider of Internet of Things (IoT) and edge-computing solutions that help organizations connect, manage, and secure devices and equipment. The company serves customers in industrial, enterprise, transportation, healthcare, smart-city, and other applications where reliable remote connectivity and device management are required. Its portfolio includes embedded networking modules, industrial and cellular gateways, routers, out-of-band management products, and software for remotely provisioning, monitoring, and managing connected devices.