Lantronix, Inc. (NASDAQ:LTRX) Stock Has Average Target Price of $10.80 According to Analysts

Shares of Lantronix, Inc. (NASDAQ:LTRX – Get Free Report) have been given an average rating of “Moderate Buy” by the seven research firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $10.80.

Several equities research analysts have recently weighed in on LTRX shares. Wall Street Zen raised shares of Lantronix from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. Needham & Company LLC reissued a “buy” rating and set a $11.00 price target on shares of Lantronix in a report on Thursday, August 27th. Weiss Ratings restated a “sell (d-)” rating on shares of Lantronix in a research report on Thursday, October 15th. JonesTrading initiated coverage on shares of Lantronix in a research report on Wednesday, July 15th. They issued a “buy” rating and a $12.00 price target on the stock. Finally, Canaccord Genuity Group upped their price objective on shares of Lantronix from $10.50 to $11.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th.

Read Our Latest Stock Analysis on LTRX

Insider Activity

In other Lantronix news, CEO Saleel Awsare bought 15,000 shares of Lantronix stock in a transaction dated Wednesday, September 9th. The shares were acquired at an average cost of $5.18 per share, with a total value of $77,700.00. Following the acquisition, the chief executive officer directly owned 453,381 shares of the company’s stock, valued at $2,348,513.58. The trade was a 3.42% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On Lantronix

Large investors have recently bought and sold shares of the business. AWM Investment Company Inc. acquired a new stake in Lantronix during the 2nd quarter valued at $7,350,000. Arrowstreet Capital Limited Partnership raised its position in Lantronix by 41.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 945,025 shares of the technology company’s stock valued at $4,952,000 after purchasing an additional 275,842 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Lantronix by 8.8% in the first 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. Squarepoint Ops LLC boosted its stake in Lantronix by 215.5% in the second quarter. Squarepoint Ops LLC now owns 254,886 shares of the technology company’s stock worth $1,499,000 after purchasing an additional 174,086 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in Lantronix by 138.0% in the first quarter. Sei Investments Co. now owns 261,292 shares of the technology company’s stock worth $1,369,000 after purchasing an additional 151,485 shares in the last quarter. 39.38% of the stock is currently owned by institutional investors.

Lantronix Price Performance

Shares of NASDAQ:LTRX opened at $5.65 on Thursday. The business’s fifty day moving average price is $6.04 and its two-hundred day moving average price is $6.09. Lantronix has a fifty-two week low of $4.40 and a fifty-two week high of $8.75. The stock has a market capitalization of $264.87 million, a price-to-earnings ratio of -51.36 and a beta of 1.36.

Lantronix (NASDAQ:LTRX – Get Free Report) last released its quarterly earnings data on Wednesday, August 26th. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. The firm had revenue of $31.15 million during the quarter, compared to analyst estimates of $30.69 million. Lantronix had a negative return on equity of 4.88% and a negative net margin of 3.46%. Lantronix has set its Q1 2027 guidance at 0.040-0.060 EPS. Research analysts expect that Lantronix will post 0.10 EPS for the current fiscal year.

About Lantronix

(Get Free Report)

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.

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Analyst Recommendations for Lantronix (NASDAQ:LTRX)

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