nLight (NASDAQ:LASR) Given Average Rating of “Moderate Buy” by Analysts

Shares of nLight (NASDAQ:LASRGet Free Report) have received an average rating of “Moderate Buy” from the eleven brokerages that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $87.9375.

LASR has been the subject of a number of recent analyst reports. Wall Street Zen downgraded shares of nLight from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Needham & Company LLC upped their price target on shares of nLight from $80.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, July 9th. UBS Group set a $90.00 price objective on shares of nLight in a research note on Friday, July 10th. Zacks Research downgraded shares of nLight from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Finally, Craig Hallum upped their target price on shares of nLight from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, July 9th.

Check Out Our Latest Stock Analysis on nLight

Insider Buying and Selling at nLight

In other nLight news, CAO James Nias sold 940 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $77.99, for a total transaction of $73,310.60. Following the transaction, the chief accounting officer owned 97,621 shares of the company’s stock, valued at $7,613,461.79. This trade represents a 0.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Scott H. Keeney sold 16,089 shares of the firm’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $74.60, for a total value of $1,200,239.40. Following the transaction, the chief executive officer owned 2,185,039 shares in the company, valued at $163,003,909.40. This trade represents a 0.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 116,331 shares of company stock worth $8,834,029 over the last quarter. 3.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On nLight

Several institutional investors have recently modified their holdings of the company. California State Teachers Retirement System grew its position in nLight by 7,636.1% in the 2nd quarter. California State Teachers Retirement System now owns 4,262,345 shares of the company’s stock worth $296,744,000 after purchasing an additional 4,207,248 shares during the last quarter. Nykredit A S acquired a new stake in shares of nLight in the second quarter valued at $131,000. Teza Capital Management LLC acquired a new stake in nLight in the 2nd quarter valued at about $444,000. GTS Securities LLC bought a new stake in nLight during the second quarter worth approximately $237,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of nLight by 4.5% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 80,942 shares of the company’s stock worth $5,635,000 after acquiring an additional 3,482 shares in the last quarter. Institutional investors own 83.88% of the company’s stock.

nLight Stock Down 6.9%

NASDAQ LASR opened at $44.11 on Tuesday. The business has a 50 day moving average price of $63.30 and a two-hundred day moving average price of $65.08. The stock has a market cap of $2.54 billion, a PE ratio of -176.44 and a beta of 2.31. nLight has a fifty-two week low of $27.22 and a fifty-two week high of $86.95.

nLight (NASDAQ:LASRGet Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The firm had revenue of $82.59 million for the quarter, compared to analyst estimates of $78.58 million. nLight had a negative net margin of 4.02% and a negative return on equity of 2.83%. The firm’s revenue was up 33.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.06 EPS. Sell-side analysts anticipate that nLight will post -0.19 EPS for the current fiscal year.

About nLight

(Get Free Report)

nLIGHT, Inc designs, develops, manufactures, and sells semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. The company operates in two segments, Laser Products and Advanced Development. It offers semiconductor lasers with various ranges of power levels, wavelengths, and output fiber sizes; and programmable and serviceable fiber lasers for use in industrial and aerospace and defense applications. The company also provides laser sensors, including light detection and ranging technologies for intelligence, surveillance, and reconnaissance applications; and fiber amplifiers, beam combination, and control systems for use in high-energy laser systems in directed energy applications.

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Analyst Recommendations for nLight (NASDAQ:LASR)

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