Lyntris (NYSE:LYNX – Get Free Report) was upgraded by analysts at Robert W. Baird to a “hold” rating in a note issued to investors on Monday, Zacks reports.
A number of other brokerages have also recently issued reports on LYNX. UBS Group set a $21.00 target price on shares of Lyntris in a research report on Monday. Evercore started coverage on shares of Lyntris in a research note on Monday. They set an “outperform” rating and a $22.00 price objective on the stock. Citigroup assumed coverage on shares of Lyntris in a report on Monday. They set a “buy” rating and a $19.00 price objective for the company. Bank of America began coverage on shares of Lyntris in a research note on Monday. They issued a “buy” rating and a $21.00 target price for the company. Finally, William Blair began coverage on Lyntris in a report on Monday. They issued an “outperform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Lyntris currently has an average rating of “Buy” and a consensus price target of $19.86.
Read Our Latest Analysis on LYNX
Lyntris Stock Up 6.0%
Insider Buying and Selling
In related 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 value of $3,924,690.35. Following the completion of the transaction, the president directly owned 1,789,377 shares of the company’s stock, valued at $29,435,251.65. The trade was a 11.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Trive Capital Holdings Llc sold 8,333,333 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $17.50, for a total transaction of $145,833,327.50. Following the transaction, the insider owned 11,966,544 shares in the company, valued at approximately $209,414,520. This trade represents a 41.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 8,912,282 shares of company stock valued at $155,357,039 in the last 90 days.
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.
Read More
- Five stocks we like better than Lyntris
- 3 Defense Stocks Riding the High-Energy Laser Boom
- Analysts Are Punting Their Calls Into the Next Quarter After Adobe’s Mixed Earnings
- Institutional Money Is Pouring Into These 2 Altcoin ETFs
- The End of Big Tech Buybacks? Only One Hyperscaler Is Still Repurchasing Shares
Receive News & Ratings for Lyntris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lyntris and related companies with MarketBeat.com's FREE daily email newsletter.
