Lantronix, Inc. (NASDAQ:LTRX – Get Free Report) has received an average rating of “Moderate Buy” from the seven analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $10.80.
LTRX has been the subject of several recent research reports. Canaccord Genuity Group boosted their price target on Lantronix from $10.50 to $11.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Lake Street Capital lifted their target price on Lantronix from $8.00 to $10.00 and gave the stock a “buy” rating in a report on Friday. UBS Group reissued a “buy” rating on shares of Lantronix in a research report on Friday, June 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Lantronix in a research note on Friday, July 17th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $11.00 price target on shares of Lantronix in a research report on Thursday, August 27th.
Read Our Latest Stock Report on Lantronix
Lantronix Stock Up 1.1%
Lantronix (NASDAQ:LTRX – Get Free Report) last issued its quarterly earnings data on Wednesday, August 26th. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. Lantronix had a negative return on equity of 4.88% and a negative net margin of 3.46%.The company had revenue of $31.15 million during the quarter, compared to analysts’ expectations of $30.69 million. Lantronix has set its Q1 2027 guidance at 0.040-0.060 EPS. Equities analysts anticipate that Lantronix will post 0.1 earnings per share for the current fiscal year.
Insider Activity
In other Lantronix news, CEO Saleel Awsare bought 15,000 shares of the stock in a transaction dated Wednesday, September 9th. The shares were bought at an average cost of $5.18 per share, with a total value of $77,700.00. Following the completion of the acquisition, the chief executive officer owned 453,381 shares of the company’s stock, valued at $2,348,513.58. This trade represents a 3.42% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 2.40% of the stock is currently owned by insiders.
Institutional Trading of Lantronix
Large investors have recently modified their holdings of the stock. AWM Investment Company Inc. acquired a new stake in Lantronix during the second quarter worth about $7,350,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Lantronix by 41.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 945,025 shares of the technology company’s stock worth $4,952,000 after buying an additional 275,842 shares during the last quarter. Renaissance Technologies LLC grew 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 acquiring an additional 56,000 shares during the last quarter. Nano Cap New Millennium Growth Fund L P bought a new stake in shares of Lantronix during the fourth quarter worth about $2,315,000. Finally, Squarepoint Ops LLC grew its holdings in Lantronix by 215.5% during the 2nd quarter. Squarepoint Ops LLC now owns 254,886 shares of the technology company’s stock worth $1,499,000 after acquiring an additional 174,086 shares during the last quarter. 39.38% of the stock is owned by institutional investors and hedge funds.
About Lantronix
Lantronix, Inc (NASDAQ: LTRX) provides intelligent hardware, software and services that enable organizations to connect, manage and secure devices and equipment across the Internet of Things (IoT). Its solutions are designed for industrial, commercial and enterprise applications, including remote monitoring, automation, asset management and edge computing.
The company’s offerings include IoT gateways, embedded computing and networking products, cellular and wireless connectivity solutions, industrial networking equipment, remote access and out-of-band management systems, and related software and cloud services.
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