Lantronix, Inc. (NASDAQ:LTRX) Stock Now Rated "Moderate Buy" by Wall Street Brokerages

Key Points

• Lantronix has a “Moderate Buy” consensus rating: Six of seven covering analysts recommend buying the stock, while one rates it a sell. The average 12-month price target is $10.80, versus a recent price of $6.85.
• The company’s latest quarterly results exceeded expectations, with EPS of $0.04 versus a $0.03 consensus estimate and revenue of $31.15 million compared with the $30.69 million forecast.
• Insider and institutional activity has been positive: CEO Saleel Awsare bought 15,000 shares, while hedge funds and other institutional investors own approximately 39.38% of Lantronix’s stock.

Lantronix, Inc. (NASDAQ:LTRX - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the seven research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $10.80.

A number of brokerages have issued reports on LTRX. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Lantronix in a report on Friday, July 17th. Needham & Company LLC reissued a "buy" rating and set a $11.00 target price on shares of Lantronix in a research report on Thursday, August 27th. Lake Street Capital boosted their target price on Lantronix from $8.00 to $10.00 and gave the stock a "buy" rating in a research note on Friday, September 18th. Canaccord Genuity Group increased their price target on shares of Lantronix from $10.50 to $11.00 and gave the company a "buy" rating in a research note on Thursday, July 9th. Finally, JonesTrading began coverage on shares of Lantronix in a report on Wednesday, July 15th. They issued a "buy" rating and a $12.00 target price for the company.

Lantronix Trading Up 0.3%

Lantronix stock opened at $6.85 on Friday. The stock has a market cap of $321.13 million, a P/E ratio of -62.27 and a beta of 1.61. The company has a fifty day simple moving average of $6.05 and a 200-day simple moving average of $6.08. Lantronix has a 12-month low of $4.37 and a 12-month high of $8.75.

Lantronix (NASDAQ:LTRX - Get Free Report) last issued its earnings results on Wednesday, August 26th. The technology company reported $0.04 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.01. Lantronix had a negative net margin of 3.46% and a negative return on equity of 4.88%. The firm 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, sell-side analysts forecast that Lantronix will post 0.10 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Saleel Awsare purchased 15,000 shares of Lantronix stock in a transaction that occurred 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 transaction, the chief executive officer directly 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lantronix

Several hedge funds have recently made changes to their positions in LTRX. WINTON GROUP Ltd grew its stake in Lantronix by 59.4% during the 2nd quarter. WINTON GROUP Ltd now owns 82,148 shares of the technology company's stock worth $483,000 after buying an additional 30,626 shares during the last quarter. Squarepoint Ops LLC grew 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 acquiring an additional 174,086 shares during the last quarter. AWM Investment Company Inc. acquired a new position in shares of Lantronix in the 2nd quarter valued at $7,350,000. Globeflex Capital L P acquired a new position in shares of Lantronix in the 2nd quarter valued at $76,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Lantronix in the 2nd quarter valued at $937,000. Hedge funds and other institutional investors own 39.38% of the company's stock.

About Lantronix

Lantronix, Inc is a provider of intelligent edge and Internet of Things (IoT) solutions. The company develops hardware, software and services that help organizations connect, manage and secure devices and equipment across distributed networks.

Its product portfolio includes embedded computing and networking modules, IoT gateways, industrial and enterprise networking equipment, device-management software, cellular and wireless connectivity solutions, and remote-access and out-of-band management products.

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