nLight (NASDAQ:LASR - Get Free Report) CEO Scott H. Keeney sold 9,604 shares of the firm's stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $29.14, for a total transaction of $279,860.56. Following the transaction, the chief executive officer directly owned 2,396,936 shares of the company's stock, valued at $69,846,715.04. The trade was a 0.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
nLight Price Performance
Shares of NASDAQ:LASR traded down $0.49 during midday trading on Friday, reaching $28.67. 361,316 shares of the company's stock were exchanged, compared to its average volume of 856,423. The company's 50 day simple moving average is $23.98 and its two-hundred day simple moving average is $15.99. The firm has a market capitalization of $1.43 billion, a PE ratio of -30.18 and a beta of 2.44. nLight has a 12 month low of $6.20 and a 12 month high of $30.05. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.41 and a current ratio of 5.63.
nLight (NASDAQ:LASR - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.06 EPS for the quarter, topping analysts' consensus estimates of ($0.09) by $0.15. The company had revenue of $61.74 million during the quarter, compared to the consensus estimate of $55.24 million. nLight had a negative net margin of 21.66% and a negative return on equity of 19.12%. The firm's revenue for the quarter was up 22.2% compared to the same quarter last year. During the same period last year, the firm earned ($0.10) EPS. nLight has set its Q3 2025 guidance at EPS. Equities research analysts expect that nLight will post -1.1 earnings per share for the current fiscal year.
Hedge Funds Weigh In On nLight
A number of institutional investors have recently modified their holdings of the stock. Ameritas Investment Partners Inc. raised its stake in shares of nLight by 12.9% in the second quarter. Ameritas Investment Partners Inc. now owns 4,911 shares of the company's stock worth $97,000 after acquiring an additional 561 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of nLight by 4.2% in the second quarter. The Manufacturers Life Insurance Company now owns 17,988 shares of the company's stock worth $354,000 after acquiring an additional 723 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of nLight by 147.6% in the second quarter. GAMMA Investing LLC now owns 1,550 shares of the company's stock worth $31,000 after acquiring an additional 924 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of nLight by 4.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,423 shares of the company's stock worth $277,000 after acquiring an additional 1,140 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in shares of nLight by 162.4% in the second quarter. Nisa Investment Advisors LLC now owns 2,747 shares of the company's stock worth $54,000 after acquiring an additional 1,700 shares during the last quarter. 83.88% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities analysts have recently commented on the stock. Raymond James Financial reaffirmed a "strong-buy" rating on shares of nLight in a report on Friday, August 8th. 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 report on Friday, August 8th. Craig Hallum reissued a "buy" rating and set a $24.00 price target (up from $14.00) on shares of nLight in a report on Thursday, June 26th. Cantor Fitzgerald lifted their price target on shares of nLight from $14.00 to $27.50 and gave the company an "overweight" rating in a report on Friday, August 8th. Finally, 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 report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $26.42.
Check Out Our Latest Stock Report on LASR
About nLight
(
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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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