Lantronix, Inc. (NASDAQ:LTRX) Given Consensus Recommendation of “Buy” by Brokerages

Lantronix, Inc. (NASDAQ:LTRX) has earned a consensus rating of “Buy” from the five ratings firms that are currently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy recommendation. The average 1-year price target among analysts that have issued a report on the stock in the last year is $6.00.

Several equities research analysts have weighed in on the company. Canaccord Genuity Group cut their price target on Lantronix from $5.00 to $4.50 and set a “buy” rating on the stock in a report on Friday, February 7th. Lake Street Capital cut their price target on Lantronix from $6.00 to $5.00 and set a “buy” rating on the stock in a report on Friday, February 7th. Needham & Company LLC restated a “buy” rating and set a $5.50 price target on shares of Lantronix in a report on Tuesday, January 21st. Finally, StockNews.com downgraded Lantronix from a “strong-buy” rating to a “buy” rating in a report on Monday, November 11th.

Lantronix Price Performance

LTRX stock opened at $2.63 on Tuesday. The company has a current ratio of 2.56, a quick ratio of 1.69 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $102.02 million, a PE ratio of -20.23 and a beta of 2.00. Lantronix has a 12-month low of $2.48 and a 12-month high of $4.55. The business’s fifty day moving average price is $3.47 and its 200 day moving average price is $3.58.

Lantronix (NASDAQ:LTRX) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.13). Lantronix had a negative net margin of 3.15% and a negative return on equity of 2.62%. On average, sell-side analysts anticipate that Lantronix will post -0.23 EPS for the current year.

Insider Activity

In other news, Director Hoshi Printer bought 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average cost of $2.70 per share, with a total value of $40,500.00. Following the transaction, the director now directly owns 191,425 shares in the company, valued at $516,847.50. This trade represents a 8.50 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Kevin S. Palatnik bought 20,000 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was purchased at an average cost of $2.54 per share, with a total value of $50,800.00. Following the completion of the transaction, the director now owns 20,000 shares in the company, valued at approximately $50,800. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 50,000 shares of company stock worth $129,250. 1.60% of the stock is currently owned by insiders.

Institutional Trading of Lantronix

Large investors have recently made changes to their positions in the company. Barclays PLC boosted its position in shares of Lantronix by 235.9% in the 3rd quarter. Barclays PLC now owns 62,321 shares of the technology company’s stock valued at $257,000 after purchasing an additional 43,770 shares during the period. Geode Capital Management LLC boosted its position in shares of Lantronix by 3.2% in the 3rd quarter. Geode Capital Management LLC now owns 338,202 shares of the technology company’s stock valued at $1,394,000 after purchasing an additional 10,413 shares during the period. Walleye Capital LLC boosted its position in shares of Lantronix by 61.9% in the 3rd quarter. Walleye Capital LLC now owns 71,467 shares of the technology company’s stock valued at $294,000 after purchasing an additional 27,325 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Lantronix in the 3rd quarter valued at about $60,000. Finally, Marshall Wace LLP boosted its position in shares of Lantronix by 16.5% in the 4th quarter. Marshall Wace LLP now owns 483,868 shares of the technology company’s stock valued at $1,994,000 after purchasing an additional 68,669 shares during the period. 39.38% of the stock is owned by institutional investors and hedge funds.

Lantronix Company Profile

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.