Analysts Set $4.25 Target Price for Lantronix Inc (NASDAQ:LTRX)

Lantronix Inc (NASDAQ:LTRX) has been given a consensus broker rating score of 2.00 (Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a buy rating.

Brokerages have set a 12-month consensus price target of $4.25 for the company and are forecasting that the company will post $0.04 EPS for the current quarter, according to Zacks. Zacks has also assigned Lantronix an industry rank of 167 out of 255 based on the ratings given to its competitors.

Several analysts have issued reports on the company. Needham & Company LLC cut their price objective on Lantronix from $4.50 to $4.25 and set a “buy” rating on the stock in a report on Wednesday, September 11th. ValuEngine downgraded Lantronix from a “buy” rating to a “hold” rating in a report on Thursday, November 14th.

NASDAQ LTRX traded down $0.01 on Monday, reaching $3.24. The company’s stock had a trading volume of 70,563 shares, compared to its average volume of 55,574. Lantronix has a twelve month low of $2.34 and a twelve month high of $4.24. The stock has a market cap of $75.19 million, a PE ratio of 46.29 and a beta of 0.77. The firm’s 50 day moving average is $3.26 and its two-hundred day moving average is $3.41.

Lantronix (NASDAQ:LTRX) last posted its quarterly earnings data on Wednesday, November 13th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.02). The company had revenue of $12.74 million for the quarter. Lantronix had a positive return on equity of 2.58% and a negative net margin of 5.90%. As a group, sell-side analysts anticipate that Lantronix will post 0.22 EPS for the current fiscal year.

In other Lantronix news, Director Paul F. Folino sold 19,926 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $3.29, for a total transaction of $65,556.54. In the last 90 days, insiders have sold 24,926 shares of company stock worth $82,208. Corporate insiders own 40.00% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wedbush Securities Inc. increased its holdings in shares of Lantronix by 80.0% in the 3rd quarter. Wedbush Securities Inc. now owns 18,000 shares of the technology company’s stock valued at $60,000 after purchasing an additional 8,000 shares during the period. BlackRock Inc. increased its holdings in shares of Lantronix by 6.3% in the 2nd quarter. BlackRock Inc. now owns 139,656 shares of the technology company’s stock valued at $465,000 after purchasing an additional 8,238 shares during the period. LPL Financial LLC acquired a new position in shares of Lantronix in the 2nd quarter valued at about $266,000. Finally, River & Mercantile Asset Management LLP acquired a new position in shares of Lantronix in the 2nd quarter valued at about $1,599,000. Hedge funds and other institutional investors own 16.81% of the company’s stock.

Lantronix Company Profile

Lantronix, Inc provides secure data access and management solutions for Internet of Things (IoT) assets in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT gateways, which provide secure connectivity and the ability to add integrated device management and advanced data access features; and IoT building blocks that offer basic secure machine connectivity and unmanaged data access.

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