FY2025 EPS Estimates for nLIGHT Boosted by Cantor Fitzgerald

nLIGHT, Inc. (NASDAQ:LASR - Free Report) - Investment analysts at Cantor Fitzgerald boosted their FY2025 EPS estimates for nLIGHT in a report issued on Monday, May 12th. Cantor Fitzgerald analyst T. Jensen now expects that the company will earn ($0.81) per share for the year, up from their prior forecast of ($1.12). The consensus estimate for nLIGHT's current full-year earnings is ($1.10) per share.

Other analysts also recently issued reports about the company. Needham & Company LLC dropped their price objective on nLIGHT from $16.00 to $14.00 and set a "buy" rating for the company in a research report on Tuesday, January 21st. Stifel Nicolaus dropped their target price on shares of nLIGHT from $17.00 to $14.00 and set a "buy" rating for the company in a report on Wednesday, January 15th. Finally, Craig Hallum upgraded shares of nLIGHT from a "hold" rating to a "buy" rating and set a $14.00 price target on the stock in a research note on Friday, May 9th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, nLIGHT currently has an average rating of "Buy" and a consensus target price of $14.90.

nLIGHT Stock Performance

Shares of LASR stock opened at $13.26 on Wednesday. nLIGHT has a fifty-two week low of $6.20 and a fifty-two week high of $14.73. The stock's fifty day moving average price is $8.22 and its two-hundred day moving average price is $9.96. The company has a market cap of $655.56 million, a PE ratio of -12.87 and a beta of 2.02.

nLIGHT (NASDAQ:LASR - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported ($0.04) earnings per share for the quarter, topping analysts' consensus estimates of ($0.17) by $0.13. The company had revenue of $51.67 million during the quarter, compared to the consensus estimate of $47.77 million. nLIGHT had a negative net margin of 24.16% and a negative return on equity of 19.53%. The firm's quarterly revenue was up 16.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.17) EPS.

Hedge Funds Weigh In On nLIGHT

Several large investors have recently bought and sold shares of the company. Algert Global LLC grew its holdings in shares of nLIGHT by 3.4% during the first quarter. Algert Global LLC now owns 221,430 shares of the company's stock worth $1,721,000 after purchasing an additional 7,180 shares during the last quarter. American Century Companies Inc. boosted its position in nLIGHT by 11.1% during the 1st quarter. American Century Companies Inc. now owns 100,238 shares of the company's stock worth $779,000 after buying an additional 10,032 shares during the period. Russell Investments Group Ltd. boosted its position in nLIGHT by 322.3% during the 1st 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. Nuveen LLC bought a new stake in nLIGHT during the 1st quarter worth approximately $888,000. Finally, King Luther Capital Management Corp acquired a new position in nLIGHT in the 1st quarter valued at approximately $388,000. 83.88% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Scott H. Keeney sold 53,511 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $8.17, for a total transaction of $437,184.87. Following the sale, the chief executive officer now owns 1,267,927 shares in the company, valued at $10,358,963.59. The trade was a 4.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.70% of the stock is owned by corporate insiders.

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.

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