Lantronix (NASDAQ:LTRX) Rating Lowered to Buy at StockNews.com

Lantronix (NASDAQ:LTRX) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Monday.

A number of other equities research analysts have also recently issued reports on LTRX. Needham & Company LLC reduced their target price on shares of Lantronix from $7.00 to $5.50 and set a “buy” rating for the company in a research report on Monday. Canaccord Genuity Group started coverage on shares of Lantronix in a research report on Wednesday, September 11th. They issued a “buy” rating and a $7.50 target price for the company. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $7.00.

Lantronix Stock Performance

LTRX stock traded down $0.22 during midday trading on Monday, reaching $2.60. 2,062,132 shares of the company were exchanged, compared to its average volume of 288,879. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.95 and a quick ratio of 2.03. The business has a 50-day moving average price of $3.91 and a two-hundred day moving average price of $3.78. Lantronix has a one year low of $2.48 and a one year high of $6.95. The firm has a market capitalization of $99.06 million, a price-to-earnings ratio of -18.57 and a beta of 2.14.

Lantronix (NASDAQ:LTRX) last announced its earnings results on Thursday, September 5th. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. The company had revenue of $49.08 million during the quarter, compared to analysts’ expectations of $49.10 million. Lantronix had a negative net margin of 3.17% and a negative return on equity of 2.91%. Equities research analysts forecast that Lantronix will post -0.01 EPS for the current year.

Insider Activity at Lantronix

In related news, major shareholder Bernhard Bruscha sold 20,000 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $4.08, for a total value of $81,600.00. Following the completion of the transaction, the insider now owns 5,198,971 shares of the company’s stock, valued at $21,211,801.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 85,065 shares of company stock valued at $356,232 over the last quarter. 1.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. ProShare Advisors LLC acquired a new position in Lantronix during the second quarter worth about $42,000. Mackenzie Financial Corp bought a new stake in Lantronix in the second quarter valued at approximately $50,000. SG Americas Securities LLC bought a new stake in Lantronix in the first quarter valued at approximately $55,000. American Century Companies Inc. boosted its holdings in shares of Lantronix by 27.6% during the 2nd quarter. American Century Companies Inc. now owns 26,319 shares of the technology company’s stock worth $93,000 after buying an additional 5,693 shares in the last quarter. Finally, Heron Bay Capital Management acquired a new stake in shares of Lantronix during the 1st quarter worth approximately $226,000. Institutional investors and hedge funds own 39.38% of the company’s stock.

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.