75,447 Shares in nLight $LASR Acquired by Deutsche Bank AG

Key Points

• Deutsche Bank acquired 75,447 nLight shares worth approximately $5.25 million during the second quarter, giving it a 0.13% stake. Institutional investors collectively own 83.88% of LASR.
• nLight reported quarterly EPS of $0.15, beating estimates by $0.01, while revenue rose 33.8% year over year to $82.59 million. Analysts expect a full-year loss of $0.19 per share.
• The stock carries a consensus “Moderate Buy” rating with an $87.94 price target, although shares opened at $44.11 and have declined substantially from their 52-week high of $86.95.

Deutsche Bank AG acquired a new position in shares of nLight (NASDAQ:LASR - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 75,447 shares of the company's stock, valued at approximately $5,253,000. Deutsche Bank AG owned 0.13% of nLight at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of LASR. Lisanti Capital Growth LLC increased its holdings in nLight by 23.0% in the 4th quarter. Lisanti Capital Growth LLC now owns 103,978 shares of the company's stock valued at $3,900,000 after buying an additional 19,435 shares during the period. Vanguard Group Inc. increased its stake in shares of nLight by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 4,989,758 shares of the company's stock valued at $187,166,000 after purchasing an additional 125,446 shares during the last quarter. Amundi acquired a new position in shares of nLight during the 1st quarter worth $1,023,000. Rice Hall James & Associates LLC bought a new stake in shares of nLight during the 2nd quarter worth $3,740,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in nLight in the fourth quarter valued at about $788,000. 83.88% of the stock is currently owned by institutional investors.

nLight Stock Performance

Shares of NASDAQ:LASR opened at $44.11 on Tuesday. nLight has a 52 week low of $27.22 and a 52 week high of $86.95. The firm has a market cap of $2.54 billion, a PE ratio of -176.44 and a beta of 2.31. The firm's fifty day moving average is $63.30 and its 200-day moving average is $65.08.

nLight (NASDAQ:LASR - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.14 by $0.01. The firm had revenue of $82.59 million for the quarter, compared to the consensus estimate of $78.58 million. nLight had a negative return on equity of 2.83% and a negative net margin of 4.02%.The business's quarterly revenue was up 33.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.06 EPS. Sell-side analysts forecast that nLight will post -0.19 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Stifel Nicolaus increased their target price on shares of nLight from $75.00 to $85.00 and gave the stock a "buy" rating in a report on Thursday, May 21st. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of nLight in a report on Friday, July 17th. Wall Street Zen cut shares of nLight from a "buy" rating to a "hold" rating in a research report on Saturday, July 18th. UBS Group set a $90.00 price objective on shares of nLight in a research note on Friday, July 10th. Finally, Craig Hallum raised their target price on shares of nLight from $80.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $87.94.

Insider Activity at nLight

In other news, CEO Scott H. Keeney sold 16,089 shares of the company's stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $74.60, for a total value of $1,200,239.40. Following the sale, the chief executive officer directly owned 2,185,039 shares of the company's stock, valued at approximately $163,003,909.40. This represents a 0.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO James Nias sold 940 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $77.99, for a total transaction of $73,310.60. Following the sale, the chief accounting officer owned 97,621 shares of the company's stock, valued at approximately $7,613,461.79. This trade represents a 0.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 116,331 shares of company stock worth $8,834,029 over the last ninety days. Insiders own 3.10% of the company's stock.

nLight Company Profile

nLIGHT, Inc designs, develops, manufactures, and sells semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. The company operates in two segments, Laser Products and Advanced Development. It offers semiconductor lasers with various ranges of power levels, wavelengths, and output fiber sizes; and programmable and serviceable fiber lasers for use in industrial and aerospace and defense applications. The company also provides laser sensors, including light detection and ranging technologies for intelligence, surveillance, and reconnaissance applications; and fiber amplifiers, beam combination, and control systems for use in high-energy laser systems in directed energy applications.

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