nLIGHT, Inc. (NASDAQ:LASR) Stock Position Raised by AWM Investment Company Inc.

AWM Investment Company Inc. lifted its holdings in nLIGHT, Inc. (NASDAQ:LASR - Free Report) by 9.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,018,993 shares of the company's stock after purchasing an additional 90,040 shares during the quarter. AWM Investment Company Inc. owned 2.10% of nLIGHT worth $10,689,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Picton Mahoney Asset Management grew its stake in shares of nLIGHT by 47.4% in the fourth quarter. Picton Mahoney Asset Management now owns 2,907 shares of the company's stock worth $30,000 after purchasing an additional 935 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of nLIGHT by 4.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,423 shares of the company's stock worth $277,000 after purchasing an additional 1,140 shares in the last quarter. XTX Topco Ltd lifted its holdings in shares of nLIGHT by 7.2% in the fourth quarter. XTX Topco Ltd now owns 24,522 shares of the company's stock valued at $257,000 after buying an additional 1,641 shares during the period. Swiss National Bank lifted its holdings in shares of nLIGHT by 1.9% in the fourth quarter. Swiss National Bank now owns 90,000 shares of the company's stock valued at $944,000 after buying an additional 1,700 shares during the period. Finally, Quantbot Technologies LP lifted its holdings in shares of nLIGHT by 17.6% in the fourth quarter. Quantbot Technologies LP now owns 11,864 shares of the company's stock valued at $124,000 after buying an additional 1,772 shares during the period. Institutional investors own 83.88% of the company's stock.

Wall Street Analyst Weigh In

Separately, Craig Hallum upgraded nLIGHT from a "hold" rating to a "buy" rating and set a $14.00 price target for the company in a research report on Friday, May 9th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $14.90.

nLIGHT Price Performance

NASDAQ LASR traded up $0.27 on Friday, hitting $14.49. 1,687,892 shares of the company were exchanged, compared to its average volume of 359,584. The company's 50 day moving average price is $8.92 and its 200-day moving average price is $10.02. The firm has a market capitalization of $716.37 million, a P/E ratio of -14.07 and a beta of 2.02. nLIGHT, Inc. has a twelve month low of $6.20 and a twelve month high of $14.80.

nLIGHT (NASDAQ:LASR - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.13. The firm had revenue of $51.67 million for the quarter, compared to the consensus estimate of $47.77 million. nLIGHT had a negative return on equity of 19.53% and a negative net margin of 24.16%. The business's revenue for the quarter was up 16.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.17) EPS. As a group, equities analysts expect that nLIGHT, Inc. will post -1.1 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Scott H. Keeney sold 53,511 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $8.17, for a total value of $437,184.87. Following the completion of the sale, the chief executive officer now directly owns 1,267,927 shares of the company's stock, valued at approximately $10,358,963.59. This represents a 4.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders have sold 57,184 shares of company stock worth $475,534. Company insiders own 4.70% of the company's stock.

nLIGHT 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.