Lantronix's (LTRX) "Buy" Rating Reiterated at Needham & Company LLC

Key Points

• Needham reaffirmed a “Buy” rating on Lantronix with an $11 price target, implying approximately 94% upside from the stock’s $5.66 price. The analyst consensus is “Moderate Buy,” with a $10.40 average target.
• Lantronix reported quarterly EPS of $0.04, beating the $0.03 consensus estimate, while revenue of $31.15 million also exceeded expectations of $30.69 million.
• The stock has declined 3.4% and has a market capitalization of about $249 million; institutional investors collectively own 39.38% of outstanding shares.

Lantronix (NASDAQ:LTRX - Get Free Report)'s stock had its "buy" rating restated by equities research analysts at Needham & Company LLC in a note issued to investors on Thursday,Benzinga reports. They currently have a $11.00 price target on the technology company's stock. Needham & Company LLC's target price would suggest a potential upside of 94.35% from the company's current price.

A number of other equities research analysts have also weighed in on the company. UBS Group reiterated a "buy" rating on shares of Lantronix in a research report on Friday, June 12th. Wall Street Zen cut Lantronix from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Canaccord Genuity Group lifted their price objective on shares of Lantronix from $10.50 to $11.00 and gave the stock a "buy" rating in a research note on Thursday, July 9th. Weiss Ratings reissued a "sell (d-)" rating on shares of Lantronix in a research note on Friday, July 17th. Finally, JonesTrading started coverage on Lantronix in a research report on Wednesday, July 15th. They set a "buy" rating and a $12.00 price objective on the stock. Six investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Lantronix currently has an average rating of "Moderate Buy" and a consensus price target of $10.40.

Lantronix Stock Down 3.4%

LTRX stock opened at $5.66 on Thursday. The business's 50 day simple moving average is $5.74 and its 200 day simple moving average is $6.05. Lantronix has a 1-year low of $3.58 and a 1-year high of $8.75. The company has a current ratio of 2.74, a quick ratio of 1.80 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $248.93 million, a PE ratio of -33.29 and a beta of 1.70.

Lantronix (NASDAQ:LTRX - Get Free Report) last posted its quarterly earnings data on Wednesday, August 26th. The technology company reported $0.04 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.01. Lantronix had a negative return on equity of 6.79% and a negative net margin of 5.52%.The business 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. As a group, research analysts anticipate that Lantronix will post -0.11 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of LTRX. Ritholtz Wealth Management boosted its stake in shares of Lantronix by 1.5% during the 1st quarter. Ritholtz Wealth Management now owns 129,873 shares of the technology company's stock worth $681,000 after acquiring an additional 1,971 shares in the last quarter. Thompson Davis & CO. Inc. raised its position in shares of Lantronix by 14.8% in the 1st quarter. Thompson Davis & CO. Inc. now owns 18,950 shares of the technology company's stock worth $99,000 after buying an additional 2,450 shares during the period. R Squared Ltd grew its stake in Lantronix by 28.7% during the fourth quarter. R Squared Ltd now owns 18,107 shares of the technology company's stock worth $106,000 after buying an additional 4,034 shares during the period. Squarepoint Ops LLC boosted its position in shares of Lantronix by 52.7% in the third quarter. Squarepoint Ops LLC now owns 19,283 shares of the technology company's stock worth $88,000 after buying an additional 6,654 shares during the period. Finally, Engineers Gate Manager LP lifted its holdings in Lantronix by 79.1% in the 4th quarter. Engineers Gate Manager LP now owns 20,964 shares of the technology company's stock worth $123,000 after buying an additional 9,256 shares in the last quarter. 39.38% of the stock is currently owned by hedge funds and other institutional investors.

About Lantronix

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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