Invenomic Capital Management LP Buys New Stake in nLight $LASR

Key Points

• Invenomic Capital Management LP has acquired a new stake of 870,390 shares in nLight (NASDAQ:LASR), valued at approximately $6.76 million, representing 1.76% ownership by the end of the reporting period.
• Research analysts have boosted their price targets for nLight, with Needham & Company raising their target from $18.00 to $28.00, reflecting a growing confidence in the stock.
• nLight reported $0.06 EPS for the last quarter, exceeding analyst expectations, with quarterly revenue rising by 22.2% year-over-year to $61.74 million.

Invenomic Capital Management LP purchased a new position in nLight (NASDAQ:LASR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 870,390 shares of the company's stock, valued at approximately $6,763,000. Invenomic Capital Management LP owned about 1.76% of nLight as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of LASR. GAMMA Investing LLC lifted its position in shares of nLight by 6,563.0% in the 1st quarter. GAMMA Investing LLC now owns 4,864 shares of the company's stock worth $38,000 after purchasing an additional 4,791 shares during the period. State of Wyoming lifted its position in shares of nLight by 110.6% in the 1st quarter. State of Wyoming now owns 14,762 shares of the company's stock worth $115,000 after purchasing an additional 7,754 shares during the period. Russell Investments Group Ltd. lifted its position in shares of nLight by 322.3% in the 1st quarter. Russell Investments Group Ltd. now owns 15,571 shares of the company's stock worth $121,000 after purchasing an additional 11,884 shares during the period. Price T Rowe Associates Inc. MD lifted its position in nLight by 19.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,803 shares of the company's stock valued at $187,000 after acquiring an additional 2,888 shares during the period. Finally, ProShare Advisors LLC lifted its position in nLight by 46.9% during the 4th quarter. ProShare Advisors LLC now owns 19,112 shares of the company's stock valued at $200,000 after acquiring an additional 6,098 shares during the period. 83.88% of the stock is owned by hedge funds and other institutional investors.

nLight Stock Performance

Shares of LASR stock traded down $0.66 during trading hours on Friday, reaching $28.87. The company had a trading volume of 815,941 shares, compared to its average volume of 976,549. The business has a fifty day moving average price of $23.05 and a 200-day moving average price of $15.37. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.41 and a current ratio of 5.63. The firm has a market cap of $1.44 billion, a PE ratio of -30.39 and a beta of 2.44. nLight has a one year low of $6.20 and a one year high of $30.00.

nLight (NASDAQ:LASR - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.06 EPS for the quarter, beating analysts' consensus estimates of ($0.09) by $0.15. nLight had a negative net margin of 21.66% and a negative return on equity of 19.12%. The business had revenue of $61.74 million during the quarter, compared to analysts' expectations of $55.24 million. During the same period in the prior year, the company earned ($0.10) earnings per share. The firm's revenue was up 22.2% on a year-over-year basis. nLight has set its Q3 2025 guidance at EPS. Sell-side analysts predict that nLight will post -1.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on LASR shares. Benchmark lifted their price target on shares of nLight from $15.00 to $25.00 and gave the company a "speculative buy" rating in a research report on Friday, August 8th. Stifel Nicolaus lifted their price target on shares of nLight from $12.00 to $26.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Cantor Fitzgerald raised their price objective on shares of nLight from $14.00 to $27.50 and gave the company an "overweight" rating in a research note on Friday, August 8th. Craig Hallum restated a "buy" rating and set a $24.00 price objective (up from $14.00) on shares of nLight in a research note on Thursday, June 26th. Finally, Needham & Company LLC raised their price objective on shares of nLight from $18.00 to $28.00 and gave the company a "buy" rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $26.42.

Insider Buying and Selling

In other nLight news, CFO Joseph John Corso sold 38,284 shares of the company's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $28.29, for a total transaction of $1,083,054.36. Following the completion of the sale, the chief financial officer directly owned 273,118 shares of the company's stock, valued at approximately $7,726,508.22. This represents a 12.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Scott H. Keeney sold 35,730 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $29.63, for a total transaction of $1,058,679.90. Following the completion of the sale, the chief executive officer directly owned 2,406,540 shares of the company's stock, valued at approximately $71,305,780.20. This trade represents a 1.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 364,300 shares of company stock valued at $9,374,016. 6.10% of the stock is owned by corporate insiders.

About nLight

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.