Quantbot Technologies LP Buys 27,359 Shares of nLight $LASR

Key Points

• Quantbot Technologies LP increased its stake in nLight by 230.6% during the first quarter, owning 39,223 shares valued at $305,000.
• nLight reported a quarterly revenue of $61.74 million, surpassing expectations and reflecting a 22.2% year-over-year increase.
• Analysts have raised their price targets for nLight, with Stifel Nicolaus increasing theirs from $12.00 to $26.00, maintaining a "buy" rating.

Quantbot Technologies LP raised its position in shares of nLight (NASDAQ:LASR - Free Report) by 230.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,223 shares of the company's stock after acquiring an additional 27,359 shares during the period. Quantbot Technologies LP owned approximately 0.08% of nLight worth $305,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of LASR. GAMMA Investing LLC boosted its position in shares of nLight by 6,563.0% in the first quarter. GAMMA Investing LLC now owns 4,864 shares of the company's stock worth $38,000 after buying an additional 4,791 shares during the period. Russell Investments Group Ltd. boosted its position in shares of nLight by 322.3% in the first quarter. Russell Investments Group Ltd. now owns 15,571 shares of the company's stock worth $121,000 after buying an additional 11,884 shares during the period. Tower Research Capital LLC TRC boosted its holdings in nLight by 56.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 14,042 shares of the company's stock valued at $147,000 after purchasing an additional 5,049 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in nLight by 19.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,803 shares of the company's stock valued at $187,000 after purchasing an additional 2,888 shares during the last quarter. Finally, ProShare Advisors LLC boosted its holdings in nLight by 46.9% in the fourth quarter. ProShare Advisors LLC now owns 19,112 shares of the company's stock valued at $200,000 after purchasing an additional 6,098 shares during the last quarter. Hedge funds and other institutional investors own 83.88% of the company's stock.

nLight Price Performance

NASDAQ LASR traded down $1.03 during trading on Monday, reaching $28.80. 895,573 shares of the company traded hands, compared to its average volume of 1,065,354. 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 stock's 50 day moving average price is $22.02 and its two-hundred day moving average price is $14.72. The company has a market cap of $1.44 billion, a price-to-earnings ratio of -30.32 and a beta of 2.44. nLight has a 1-year low of $6.20 and a 1-year high of $30.00.

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

Insiders Place Their Bets

In other nLight news, CEO Scott H. Keeney sold 35,730 shares of the stock in a transaction dated 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 transaction, the chief executive officer owned 2,406,540 shares in the company, valued at approximately $71,305,780.20. This represents a 1.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Joseph John Corso sold 38,284 shares of the firm's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $28.29, for a total value of $1,083,054.36. Following the completion of the transaction, the chief financial officer owned 273,118 shares of the company's stock, valued at $7,726,508.22. The trade was a 12.29% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 404,980 shares of company stock valued at $10,027,744. 6.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LASR. Needham & Company LLC lifted their price target on nLight from $18.00 to $28.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Stifel Nicolaus raised their price objective on nLight from $12.00 to $26.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Craig Hallum reissued 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. Benchmark raised their target price on nLight from $15.00 to $25.00 and gave the stock a "speculative buy" rating in a research report on Friday, August 8th. Finally, Raymond James Financial reaffirmed a "strong-buy" rating on shares of nLight in a research report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $26.42.

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.