Cantor Fitzgerald Raises Earnings Estimates for nLIGHT

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

LASR has been the subject of several other reports. Craig Hallum upgraded shares of nLIGHT from a "hold" rating to a "buy" rating and set a $14.00 price objective for the company in a report on Friday, May 9th. Needham & Company LLC dropped their price target on shares of nLIGHT from $16.00 to $14.00 and set a "buy" rating on the stock in a research note on Tuesday, January 21st. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, nLIGHT has a consensus rating of "Buy" and an average target price of $14.90.

nLIGHT Trading Down 1.1%

Shares of LASR traded down $0.15 during mid-day trading on Wednesday, reaching $12.53. The company's stock had a trading volume of 146,266 shares, compared to its average volume of 343,038. The company's fifty day moving average price is $8.45 and its two-hundred day moving average price is $9.94. nLIGHT has a 52 week low of $6.20 and a 52 week high of $14.73. The stock has a market cap of $619.22 million, a PE ratio of -12.13 and a beta of 2.02.

nLIGHT (NASDAQ:LASR - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.04) earnings per share for the quarter, beating analysts' consensus estimates of ($0.17) by $0.13. The business had revenue of $51.67 million during the quarter, compared to analyst estimates of $47.77 million. nLIGHT had a negative net margin of 24.16% and a negative return on equity of 19.53%. nLIGHT's revenue was up 16.2% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.17) EPS.

Hedge Funds Weigh In On nLIGHT

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LASR. Picton Mahoney Asset Management boosted its stake in shares of nLIGHT by 47.4% during the fourth quarter. Picton Mahoney Asset Management now owns 2,907 shares of the company's stock worth $30,000 after buying an additional 935 shares during the period. R Squared Ltd acquired a new position in shares of nLIGHT during the 4th quarter worth approximately $33,000. GAMMA Investing LLC lifted 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 valued at $38,000 after acquiring an additional 4,791 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of nLIGHT by 3,951.6% during the 4th quarter. Russell Investments Group Ltd. now owns 3,687 shares of the company's stock worth $39,000 after purchasing an additional 3,596 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in nLIGHT in the 4th quarter worth approximately $102,000. 83.88% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Scott H. Keeney sold 53,511 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $8.17, for a total transaction of $437,184.87. Following the completion of the transaction, the chief executive officer now directly owns 1,267,927 shares of the company's stock, valued at approximately $10,358,963.59. The trade was a 4.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.70% of the stock is owned by company 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.