Lantronix (NASDAQ:LTRX) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Lantronix (NASDAQ:LTRX - Free Report) from a buy rating to a hold rating in a research report released on Monday.

Several other equities research analysts have also issued reports on LTRX. Needham & Company LLC decreased their target price on Lantronix from $5.50 to $4.50 and set a "buy" rating for the company in a research report on Monday. Lake Street Capital reduced their price target on shares of Lantronix from $5.00 to $4.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Finally, Canaccord Genuity Group decreased their price objective on shares of Lantronix from $4.50 to $3.00 and set a "buy" rating for the company in a report on Monday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $5.13.

Lantronix Stock Performance

Shares of Lantronix stock traded up $0.07 during mid-day trading on Monday, hitting $2.34. 202,412 shares of the stock were exchanged, compared to its average volume of 319,088. Lantronix has a 12 month low of $1.91 and a 12 month high of $4.55. The company has a 50-day simple moving average of $2.30 and a 200 day simple moving average of $3.02. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.69 and a current ratio of 2.56. The company has a market capitalization of $90.77 million, a P/E ratio of -18.00 and a beta of 1.49.

Lantronix (NASDAQ:LTRX - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.13). Lantronix had a negative net margin of 3.15% and a negative return on equity of 2.62%. Sell-side analysts anticipate that Lantronix will post -0.23 earnings per share for the current fiscal year.

Insider Buying and Selling at Lantronix

In other Lantronix news, Director Kevin S. Palatnik acquired 20,000 shares of the company's stock in a transaction on Friday, February 28th. The shares were acquired at an average cost of $2.54 per share, with a total value of $50,800.00. Following the completion of the acquisition, the director now directly owns 20,000 shares in the company, valued at $50,800. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Saleel Awsare bought 15,000 shares of the business's stock in a transaction on Friday, February 28th. The shares were acquired at an average price of $2.53 per share, with a total value of $37,950.00. Following the transaction, the chief executive officer now directly owns 253,380 shares of the company's stock, valued at approximately $641,051.40. This trade represents a 6.29% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 80,011 shares of company stock worth $195,373 over the last ninety days. 1.60% of the stock is currently owned by company insiders.

Institutional Trading of Lantronix

Several hedge funds and other institutional investors have recently modified their holdings of the business. Amundi bought a new position in Lantronix in the 4th quarter worth approximately $42,000. Balyasny Asset Management L.P. purchased a new stake in shares of Lantronix during the fourth quarter worth $79,000. Wolverine Trading LLC bought a new position in shares of Lantronix in the fourth quarter worth $95,000. Algert Global LLC boosted its holdings in shares of Lantronix by 49.5% in the fourth quarter. Algert Global LLC now owns 27,728 shares of the technology company's stock worth $114,000 after acquiring an additional 9,180 shares during the period. Finally, Manatuck Hill Partners LLC purchased a new position in shares of Lantronix in the fourth quarter valued at $166,000. Institutional investors own 39.38% of the company's stock.

Lantronix Company Profile

Lantronix, Inc provides solutions for video surveillance, infotainment systems, and intelligent substations infrastructure in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT System Solutions, which provide wired and wireless connections that enhance the value and utility of modern electronic systems and equipment through secure network connectivity, power for IoT end devices through Power over Ethernet, application hosting, protocol conversion, media conversion, secure access for distributed IoT deployments, and various other functions; Embedded IoT Modules, such as application processing delivering compute to meet customer needs for data transformation, computer vision, machine learning, augmented/virtual reality, audio/video aggregation and distribution, and custom applications; and Software and Engineering Services offers SaaS platform that enables customers to deploy, monitor, manage, and automate across their global deployments through a single platform login.