Hoshi Printer Purchases 15,000 Shares of Lantronix, Inc. (NASDAQ:LTRX) Stock

Lantronix, Inc. (NASDAQ:LTRX) Director Hoshi Printer acquired 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average price of $2.70 per share, for a total transaction of $40,500.00. Following the purchase, the director now owns 191,425 shares of the company’s stock, valued at $516,847.50. The trade was a 8.50 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Lantronix Trading Up 2.6 %

Lantronix stock opened at $2.81 on Friday. The stock has a market cap of $109.00 million, a P/E ratio of -21.62 and a beta of 2.00. Lantronix, Inc. has a fifty-two week low of $2.48 and a fifty-two week high of $4.55. The firm’s fifty day moving average price is $3.49 and its 200-day moving average price is $3.58. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.69 and a current ratio of 2.56.

Lantronix (NASDAQ:LTRX) last released its earnings results on Thursday, February 13th. The technology company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.13). Lantronix had a negative net margin of 3.15% and a negative return on equity of 2.62%. Equities research analysts forecast that Lantronix, Inc. will post -0.23 earnings per share for the current fiscal year.

Institutional Trading of Lantronix

Several institutional investors have recently added to or reduced their stakes in the business. Amundi purchased a new stake in Lantronix in the fourth quarter worth about $42,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Lantronix during the 3rd quarter valued at approximately $60,000. Balyasny Asset Management L.P. purchased a new position in shares of Lantronix in the fourth quarter valued at $79,000. Wolverine Trading LLC purchased a new position in shares of Lantronix in the fourth quarter valued at $95,000. Finally, Algert Global LLC lifted its position in Lantronix by 49.5% in the fourth quarter. Algert Global LLC now owns 27,728 shares of the technology company’s stock worth $114,000 after buying an additional 9,180 shares during the last quarter. 39.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the company. StockNews.com downgraded Lantronix from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 11th. Needham & Company LLC reissued a “buy” rating and set a $5.50 target price on shares of Lantronix in a report on Tuesday, January 21st. Canaccord Genuity Group lowered their target price on shares of Lantronix from $5.00 to $4.50 and set a “buy” rating on the stock in a report on Friday, February 7th. Finally, Lake Street Capital lowered their target price on shares of Lantronix from $6.00 to $5.00 and set a “buy” rating on the stock in a report on Friday, February 7th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $6.00.

About Lantronix

Lantronix, Inc provides solutions for video surveillance, infotainment systems, and intelligent substations infrastructure in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT System Solutions, which provide wired and wireless connections that enhance the value and utility of modern electronic systems and equipment through secure network connectivity, power for IoT end devices through Power over Ethernet, application hosting, protocol conversion, media conversion, secure access for distributed IoT deployments, and various other functions; Embedded IoT Modules, such as application processing delivering compute to meet customer needs for data transformation, computer vision, machine learning, augmented/virtual reality, audio/video aggregation and distribution, and custom applications; and Software and Engineering Services offers SaaS platform that enables customers to deploy, monitor, manage, and automate across their global deployments through a single platform login.