Lyntris (NYSE:LYNX) Upgraded by Guggenheim to Strong-Buy Rating

Key Points

• Guggenheim upgraded Lyntris to “strong buy,” joining a broadly positive analyst outlook. The stock has an average “buy” rating and a consensus price target of $19.86.
• Several firms initiated or updated coverage, including Bank of America with a “buy” rating and a $21 price target, while UBS set a $21 target and Robert W. Baird set an $18 target.
• Lyntris shares opened at $13.43, near the lower end of their 52-week range, while insiders sold approximately 8.9 million shares worth $155.4 million over the past 90 days.

Lyntris (NYSE:LYNX - Get Free Report) was upgraded by analysts at Guggenheim to a "strong-buy" rating in a research report issued to clients and investors on Monday, Zacks reports.

Other research analysts also recently issued research reports about the stock. William Blair started coverage on shares of Lyntris in a research note on Monday. They issued an "outperform" rating for the company. Robert W. Baird set a $18.00 price target on shares of Lyntris in a research note on Monday. UBS Group set a $21.00 price target on shares of Lyntris in a report on Monday. Bank of America began coverage on shares of Lyntris in a research report on Monday. They issued a "buy" rating and a $21.00 price objective for the company. Finally, Wall Street Zen raised shares of Lyntris to a "hold" rating in a research note on Saturday, August 29th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, Lyntris presently has an average rating of "Buy" and a consensus target price of $19.86.

Lyntris Trading Down 0.2%

Shares of NYSE:LYNX opened at $13.43 on Monday. Lyntris has a 52-week low of $12.21 and a 52-week high of $16.00.

Insider Activity at Lyntris

In related news, Director Brian Raduenz sold 98,445 shares of the firm's 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 $1,619,420.25. Following the sale, the director directly owned 177,203 shares of the company's stock, valued at approximately $2,914,989.35. This trade represents a 35.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Trive Capital Holdings Llc sold 8,333,333 shares of the business's stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $17.50, for a total transaction of $145,833,327.50. Following the completion of the sale, the insider owned 11,966,544 shares of the company's stock, valued at approximately $209,414,520. The trade was a 41.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 8,912,282 shares of company stock worth $155,357,039.

Lyntris News Summary

Here are the key news stories impacting Lyntris this week:

• Positive Sentiment: Evercore ISI initiated coverage of Lyntris with an “outperform” rating, adding to the bullish analyst view of the company. Evercore ISI Group initiates coverage of Lyntris at outperform
• Positive Sentiment: Bank of America began coverage with a “buy” rating and a $21 price target, implying substantial upside from the current trading level. Lyntris rated as buy in new coverage at Bank of America Securities
• Positive Sentiment: Citigroup also initiated coverage with a “buy” rating and a $19 price target, representing approximately 41.5% potential upside. The additional institutional coverage may improve investor awareness of LYNX.
• Positive Sentiment: Evercore upgraded Lyntris to “strong-buy,” reinforcing the company’s favorable analyst momentum.
• Neutral Sentiment: Robert W. Baird upgraded Lyntris to “hold.” Although this is not a bullish rating, the upgrade suggests a less negative view than its prior assessment and does not offset the broader positive analyst consensus.

About Lyntris

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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