Lyntris Inc. (NYSE:LYNX) Stock Has Average Target Price of $19.86

Key Points

• Lyntris has a “Moderate Buy” consensus from eight analysts, with five buy ratings, two holds, and one strong buy. The average 12-month price target is $19.86, above the stock’s reported $12.28 opening price.
• Recent analyst targets range from $18 to $21, including buy or outperform ratings from Citigroup, Raymond James, and Bank of America.
• Insiders have been selling shares: major shareholder Trive Capital Holdings sold 8.33 million shares, while company president Matthew Alty sold 238,583 shares. Insiders sold roughly 8.91 million shares worth $155.4 million over the past 90 days.

Shares of Lyntris Inc. (NYSE:LYNX - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the eight research firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $19.86.

A number of equities research analysts have recently commented on the stock. Citigroup started coverage on shares of Lyntris in a report on Monday, September 14th. They issued a "buy" rating and a $19.00 target price for the company. Raymond James Financial started coverage on Lyntris in a research note on Monday, September 14th. They set an "outperform" rating and a $18.00 price objective for the company. Bank of America assumed coverage on Lyntris in a research report on Monday, September 14th. They set a "buy" rating and a $21.00 price objective for the company. Wall Street Zen raised Lyntris to a "hold" rating in a report on Saturday, August 29th. Finally, Robert W. Baird set a $18.00 price target on Lyntris in a report on Monday, September 14th.

Insider Activity at Lyntris

In other news, major shareholder Trive Capital Holdings Llc sold 8,333,333 shares of Lyntris stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $17.50, for a total value of $145,833,327.50. Following the sale, the insider owned 11,966,544 shares of the company's stock, valued at $209,414,520. The trade was a 41.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Matthew Alty sold 238,583 shares of the business's stock in a transaction dated 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 transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 8,912,282 shares of company stock worth $155,357,039 in the last 90 days.

Lyntris Stock Down 3.8%

Shares of NYSE:LYNX opened at $12.28 on Friday. Lyntris has a 1-year low of $12.05 and a 1-year high of $16.00.

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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