Lantronix, Inc. (NASDAQ:LTRX) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analysts give Lantronix a “Moderate Buy” consensus: six of seven covering firms rate the stock a buy, while one rates it a sell. The average 12-month price target is $10.40, nearly double its $5.33 opening price.
• Lantronix exceeded quarterly expectations, reporting $0.04 EPS 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.
• CEO Saleel Awsare purchased 15,000 shares worth approximately $77,700, while institutional investors and hedge funds own 39.38% of the company.

Shares of Lantronix, Inc. (NASDAQ:LTRX - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the seven ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation and six have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $10.40.

Several research firms recently weighed in on LTRX. 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. Wall Street Zen upgraded shares of Lantronix from a "hold" rating to a "buy" rating in a report on Saturday, August 29th. Needham & Company LLC reissued a "buy" rating and set a $11.00 price target on shares of Lantronix in a research report on Thursday, August 27th. UBS Group reissued a "buy" rating on shares of Lantronix in a report on Friday, June 12th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Lantronix in a research report on Friday, July 17th.

Lantronix Trading Up 5.5%

NASDAQ:LTRX opened at $5.33 on Wednesday. Lantronix has a 1-year low of $4.37 and a 1-year high of $8.75. The business's 50-day moving average price is $5.59 and its two-hundred day moving average price is $5.99. The firm has a market capitalization of $248.96 million, a price-to-earnings ratio of -48.45 and a beta of 1.66.

Lantronix (NASDAQ:LTRX - Get Free Report) last posted its earnings results on Wednesday, August 26th. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. The company had revenue of $31.15 million during the quarter, compared to analyst estimates of $30.69 million. Lantronix had a negative return on equity of 4.88% and a negative net margin of 3.46%.Lantronix has set its Q1 2027 guidance at 0.040-0.060 EPS. Sell-side analysts predict that Lantronix will post 0.1 earnings per share for the current year.

Insiders Place Their Bets

In other Lantronix news, CEO Saleel Awsare bought 15,000 shares of the firm's stock in a transaction on Wednesday, September 9th. The stock was purchased at an average cost of $5.18 per share, with a total value of $77,700.00. Following the completion of the purchase, the chief executive officer owned 453,381 shares in the company, valued at approximately $2,348,513.58. The trade was a 3.42% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 2.40% of the company's stock.

Institutional Investors Weigh In On Lantronix

A number of hedge funds have recently modified their holdings of LTRX. AWM Investment Company Inc. bought a new position in Lantronix during the 2nd quarter worth about $7,350,000. Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of Lantronix in the 4th quarter valued at about $2,315,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Lantronix by 41.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 945,025 shares of the technology company's stock valued at $4,952,000 after purchasing an additional 275,842 shares in the last quarter. 683 Capital Management LLC bought a new stake in shares of Lantronix in the fourth quarter valued at about $1,209,000. Finally, Squarepoint Ops LLC boosted its position in shares of Lantronix by 215.5% during the second quarter. Squarepoint Ops LLC now owns 254,886 shares of the technology company's stock worth $1,499,000 after buying an additional 174,086 shares during the period. Institutional investors and hedge funds own 39.38% of the company's stock.

Lantronix Company Profile

Lantronix, Inc NASDAQ: LTRX provides intelligent hardware, software and services that enable organizations to connect, manage and secure devices and equipment across the Internet of Things (IoT). Its solutions are designed for industrial, commercial and enterprise applications, including remote monitoring, automation, asset management and edge computing.

The company's offerings include IoT gateways, embedded computing and networking products, cellular and wireless connectivity solutions, industrial networking equipment, remote access and out-of-band management systems, and related software and cloud services.

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