Lantronix's (LTRX) Sell (D-) Rating Reaffirmed at Weiss Ratings

Key Points

• Lantronix's stock has received a "sell (D-)" rating from Weiss Ratings, despite other analysts boosting their price targets and rating the stock as a "buy."
• The company's current average price target stands at $4.50, with a recent trading range between a twelve-month low of $1.91 and a high of $5.45.
• Recent insider activity includes major shareholder Bernhard Bruscha selling nearly 13,000 shares at an average price of $4.64, indicating notable corporate movement within the stock.

Lantronix (NASDAQ:LTRX - Get Free Report)'s stock had its "sell (d-)" rating restated by investment analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

LTRX has been the topic of a number of other research reports. Needham & Company LLC boosted their price target on Lantronix from $4.50 to $5.50 and gave the stock a "buy" rating in a research report on Tuesday, September 30th. Lake Street Capital boosted their price target on Lantronix from $4.00 to $5.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $4.50.

Lantronix Price Performance

Shares of NASDAQ LTRX opened at $5.00 on Wednesday. The business's 50 day moving average price is $4.13 and its two-hundred day moving average price is $3.05. The company has a market cap of $196.36 million, a PE ratio of -16.67 and a beta of 1.39. The company has a quick ratio of 1.68, a current ratio of 2.54 and a debt-to-equity ratio of 0.12. Lantronix has a twelve month low of $1.91 and a twelve month high of $5.45.

Insider Activity

In other news, major shareholder Bernhard Bruscha sold 12,993 shares of the business's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $4.64, for a total transaction of $60,287.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Lantronix

A number of institutional investors have recently made changes to their positions in LTRX. R Squared Ltd bought a new stake in shares of Lantronix in the second quarter valued at approximately $32,000. Atria Wealth Solutions Inc. bought a new stake in shares of Lantronix in the second quarter valued at approximately $60,000. Accel Wealth Management bought a new stake in shares of Lantronix in the third quarter valued at approximately $111,000. XTX Topco Ltd bought a new stake in shares of Lantronix in the second quarter valued at approximately $86,000. Finally, American Century Companies Inc. boosted its stake in shares of Lantronix by 23.6% in the first quarter. American Century Companies Inc. now owns 54,318 shares of the technology company's stock valued at $135,000 after buying an additional 10,381 shares during the period. 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.

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