LightPath Technologies, Inc. (NASDAQ:LPTH) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Analysts give a "Moderate Buy" consensus — seven firms cover LightPath (1 sell, 1 hold, 4 buy, 1 strong buy) with an average 12‑month price target of $12.10 and recent price-target upgrades to $14–$15 from multiple brokers.
• Shares traded at $9.49 (50‑day MA $11.40, 200‑day MA $9.42) with a 52‑week range of $1.61–$15.24 and a market cap of about $547.7M; the company has strong liquidity (quick ratio 3.42) and minimal debt (debt/equity 0.01) but a negative PE (-18.25).
• Significant insider selling amid strong institutional interest — a director sold 770,321 shares on Jan 5 and insiders sold ~2.9M shares (~$35.2M) in the last quarter, while institutions now own ~56.3% of the stock with several funds (AWM, Vanguard, Goldman, Portolan, Tudor) adding or increasing positions.

Shares of LightPath Technologies, Inc. (NASDAQ:LPTH - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $12.10.

A number of research analysts have issued reports on LPTH shares. Lake Street Capital boosted their price objective on shares of LightPath Technologies from $10.00 to $14.00 and gave the company a "buy" rating in a research report on Tuesday, January 6th. Canaccord Genuity Group initiated coverage on shares of LightPath Technologies in a research report on Thursday, January 29th. They issued a "buy" rating and a $15.00 target price for the company. Wall Street Zen raised shares of LightPath Technologies from a "sell" rating to a "hold" rating in a research note on Saturday, February 14th. LADENBURG THALM/SH SH upgraded shares of LightPath Technologies to a "strong-buy" rating in a research report on Thursday, December 18th. Finally, HC Wainwright increased their price target on shares of LightPath Technologies from $10.00 to $15.00 and gave the stock a "buy" rating in a research note on Thursday, February 12th.

LightPath Technologies Price Performance

Shares of LightPath Technologies stock opened at $9.49 on Friday. The business has a 50 day moving average of $11.40 and a 200 day moving average of $9.42. LightPath Technologies has a 52 week low of $1.61 and a 52 week high of $15.24. The company has a market cap of $547.67 million, a PE ratio of -18.25 and a beta of 0.98. The company has a quick ratio of 3.42, a current ratio of 3.97 and a debt-to-equity ratio of 0.01.

Insider Buying and Selling at LightPath Technologies

In other news, Director Run Strategic Opportunit North sold 770,321 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $11.72, for a total value of $9,028,162.12. Following the completion of the transaction, the director owned 2,728,968 shares of the company's stock, valued at approximately $31,983,504.96. This represents a 22.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders sold 2,901,568 shares of company stock worth $35,150,961. 24.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On LightPath Technologies

Several hedge funds have recently made changes to their positions in LPTH. AWM Investment Company Inc. grew its stake in LightPath Technologies by 40.9% in the fourth quarter. AWM Investment Company Inc. now owns 2,040,110 shares of the technology company's stock worth $22,033,000 after purchasing an additional 592,500 shares during the period. Vanguard Group Inc. lifted its position in LightPath Technologies by 3.8% during the third quarter. Vanguard Group Inc. now owns 1,967,566 shares of the technology company's stock valued at $15,603,000 after buying an additional 72,208 shares during the period. Portolan Capital Management LLC bought a new stake in shares of LightPath Technologies during the 3rd quarter valued at $12,939,000. Goldman Sachs Group Inc. boosted its holdings in shares of LightPath Technologies by 14.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,449,642 shares of the technology company's stock valued at $15,656,000 after buying an additional 181,538 shares in the last quarter. Finally, Tudor Investment Corp ET AL purchased a new stake in shares of LightPath Technologies in the 3rd quarter worth about $8,445,000. 56.29% of the stock is currently owned by institutional investors.

LightPath Technologies Company Profile

LightPath Technologies, Inc designs, manufactures and distributes precision optical components and assemblies for a variety of commercial, industrial, defense and scientific applications. The company's portfolio includes molded glass aspheric lenses, precision glass optics, infrared lenses and assemblies, diamond-turned optics and molded polymer optics. These components are engineered to support imaging, illumination, laser delivery, detection and sensing systems across visible, ultraviolet and infrared wavelengths.

Among its core offerings, LightPath develops infrared optical solutions using materials such as germanium, zinc selenide and chalcogenide glasses for thermal imaging, night-vision devices and spectroscopy.

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