Lantronix (NASDAQ:LTRX) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Lantronix from “hold” to “buy,” while broader analyst coverage remains favorable: six analysts rate the stock Buy and one rates it Sell, resulting in a “Moderate Buy” consensus and a $10.40 average price target.
• Lantronix exceeded quarterly expectations, reporting $0.04 earnings per share versus the $0.03 estimate and revenue of $31.15 million versus $30.69 million expected. The company guided for fiscal Q1 2027 EPS of $0.04–$0.06.
• Shares opened at $5.37, below their 50-day and 200-day moving averages, with a market capitalization of approximately $236 million. Institutional investors and hedge funds own 39.38% of the company.

Lantronix (NASDAQ:LTRX - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Saturday.

LTRX has been the topic of several other research reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Lantronix in a research report on Friday, July 17th. UBS Group reiterated a "buy" rating on shares of Lantronix in a research note on Friday, June 12th. Canaccord Genuity Group raised their price target on shares of Lantronix from $10.50 to $11.00 and gave the company a "buy" rating in a report on Thursday, July 9th. JonesTrading started coverage on shares of Lantronix in a research note on Wednesday, July 15th. They issued a "buy" rating and a $12.00 price objective for the company. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $11.00 price objective on shares of Lantronix in a report on Thursday. Six equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Lantronix presently has a consensus rating of "Moderate Buy" and a consensus price target of $10.40.

Lantronix Stock Performance

Shares of NASDAQ LTRX opened at $5.37 on Friday. The business's 50-day moving average price is $5.71 and its two-hundred day moving average price is $6.04. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.74 and a quick ratio of 1.80. Lantronix has a one year low of $4.37 and a one year high of $8.75. The company has a market capitalization of $236.17 million, a P/E ratio of -48.82 and a beta of 1.70.

Lantronix (NASDAQ:LTRX - Get Free Report) last posted its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.01. Lantronix had a negative return on equity of 5.62% and a negative net margin of 3.46%.The company had revenue of $31.15 million during the quarter, compared to the consensus estimate of $30.69 million. Lantronix has set its Q1 2027 guidance at 0.040-0.060 EPS. Analysts anticipate that Lantronix will post 0.09 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lantronix

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Invesco Ltd. bought a new position in Lantronix in the 4th quarter worth $68,000. Globeflex Capital L P bought a new stake in Lantronix during the 2nd quarter valued at approximately $76,000. Bridgeway Capital Management LLC acquired a new stake in Lantronix in the 3rd quarter valued at approximately $85,000. Balyasny Asset Management L.P. acquired a new stake in Lantronix in the 4th quarter valued at approximately $86,000. Finally, XTX Topco Ltd bought a new position in Lantronix in the 2nd quarter worth approximately $86,000. Institutional investors and hedge funds own 39.38% of the company's stock.

Lantronix Company Profile

Lantronix, Inc is a provider of secure data access and management solutions designed to simplify the deployment, monitoring and control of devices and equipment across a wide range of industries. Headquartered in Irvine, California, the company develops hardware and software products that enable connectivity for smart devices, industrial machinery, IT infrastructure and other systems in the Internet of Things (IoT) ecosystem.

Founded in 1989, Lantronix was among the early innovators in serial-to-Ethernet device networking and has since expanded its portfolio to include secure console servers, device servers, gateways and embedded modules.

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