nLight (NASDAQ:LASR - Get Free Report) CEO Scott H. Keeney sold 30,939 shares of nLight stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $19.18, for a total transaction of $593,410.02. Following the sale, the chief executive officer now directly owns 1,246,538 shares of the company's stock, valued at $23,908,598.84. This trade represents a 2.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
nLight Trading Down 3.0%
Shares of nLight stock traded down $0.57 during trading on Wednesday, reaching $18.37. 866,579 shares of the company were exchanged, compared to its average volume of 411,923. The business has a 50-day moving average price of $12.22 and a 200-day moving average price of $10.74. The firm has a market capitalization of $908.21 million, a price-to-earnings ratio of -16.26 and a beta of 2.27. The company has a quick ratio of 4.63, a current ratio of 5.81 and a debt-to-equity ratio of 0.09. nLight has a twelve month low of $6.20 and a twelve month high of $19.44.
nLight (NASDAQ:LASR - Get Free Report) last posted its earnings results 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 company had revenue of $51.67 million during the quarter, compared to analyst estimates of $47.77 million. nLight had a negative return on equity of 22.23% and a negative net margin of 26.80%. The company's revenue for the quarter was up 16.2% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.17) EPS. Sell-side analysts anticipate that nLight will post -1.1 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on LASR. Needham & Company LLC boosted their price objective on shares of nLight from $14.00 to $18.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. Craig Hallum upgraded nLight from a "hold" rating to a "buy" rating and set a $14.00 target price on the stock in a report on Friday, May 9th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $15.70.
View Our Latest Stock Report on LASR
Institutional Investors Weigh In On nLight
Several large investors have recently bought and sold shares of the company. Picton Mahoney Asset Management boosted its position 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. Russell Investments Group Ltd. raised its position in nLight by 3,951.6% in the 4th quarter. Russell Investments Group Ltd. now owns 3,687 shares of the company's stock valued at $39,000 after buying an additional 3,596 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of nLight by 6,563.0% during the 1st quarter. GAMMA Investing LLC now owns 4,864 shares of the company's stock worth $38,000 after acquiring an additional 4,791 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of nLight during the 4th quarter worth approximately $102,000. Finally, Quantbot Technologies LP raised 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 purchasing an additional 1,772 shares during the last quarter. Institutional investors own 83.88% of the company's stock.
About nLight
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider nLight, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and nLight wasn't on the list.
While nLight currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for June 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
