Lyntris (NYSE:LYNX – Get Free Report) was upgraded by analysts at Zacks Research to a “hold” rating in a research note issued to investors on Tuesday, Zacks reports.
A number of other brokerages have also recently issued reports on LYNX. Bank of America assumed coverage on Lyntris in a report on Monday. They issued a “buy” rating and a $21.00 target price for the company. Citigroup initiated coverage on Lyntris in a report on Monday. They set a “buy” rating and a $19.00 price target on the stock. Guggenheim began coverage on Lyntris in a research note on Monday. They issued a “buy” rating and a $20.00 price objective for the company. UBS Group set a $21.00 price objective on shares of Lyntris in a report on Monday. Finally, Raymond James Financial started coverage on shares of Lyntris in a research report on Monday. They set an “outperform” rating and a $18.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $19.86.
View Our Latest Report on Lyntris
Lyntris Stock Up 1.4%
Insiders Place Their Bets
In other news, President Matthew Alty sold 238,583 shares of the company’s stock in a transaction that occurred on 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. This represents a 11.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Brian Raduenz sold 98,445 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $16.45, for a total value of $1,619,420.25. Following the sale, the director directly owned 177,203 shares of the company’s stock, valued at $2,914,989.35. The trade was a 35.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 8,912,282 shares of company stock worth $155,357,039 in the last ninety 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.
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