Lyntris (NYSE:LYNX) Rating Increased to Hold at Zacks Research

Key Points

• Zacks Research upgraded Lyntris to a “Hold” rating, while the broader analyst consensus remains “Moderate Buy,” with an average price target of $19.86.
• Recent coverage includes “Outperform” ratings from William Blair and Raymond James, with price targets of $18, while UBS set a $21 target.
• Lyntris shares opened at $13.65 and rose 1.4%; meanwhile, insiders have sold 8.9 million shares worth approximately $155.4 million over the past 90 days.

Lyntris (NYSE:LYNX - Get Free Report) was upgraded by investment analysts at Zacks Research to a "hold" rating in a report issued on Tuesday, Zacks reports.

Several other research analysts have also issued reports on the company. Wall Street Zen upgraded Lyntris to a "hold" rating in a research note on Saturday, August 29th. William Blair started coverage on shares of Lyntris in a report on Monday. They set an "outperform" rating for the company. Robert W. Baird set a $18.00 target price on Lyntris in a report on Monday. Raymond James Financial initiated coverage on Lyntris in a report on Monday. They set an "outperform" rating and a $18.00 price target for the company. Finally, UBS Group set a $21.00 price target on Lyntris in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $19.86.

Lyntris Trading Up 1.4%

Shares of NYSE:LYNX opened at $13.65 on Tuesday. Lyntris has a 1-year low of $12.21 and a 1-year high of $16.00.

Insiders Place Their Bets

In related news, CFO Tim Paulin sold 55,169 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $16.45, for a total value of $907,530.05. Following the sale, the chief financial officer directly owned 496,525 shares in the company, valued at $8,167,836.25. This trade represents a 10.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President Matthew Alty sold 238,583 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $16.45, for a total transaction of $3,924,690.35. Following the completion of the sale, the president owned 1,789,377 shares in the company, valued at approximately $29,435,251.65. This trade represents a 11.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 8,912,282 shares of company stock valued at $155,357,039 in the last ninety days.

Lyntris Company Profile

Lyntris Inc is a defense technology company delivering sense-to-act connectivity solutions for the modern, connected battlespace. Lyntris Inc is based in WASHINGTON.

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