Analysts Set LightPath Technologies, Inc. (NASDAQ:LPTH) Target Price at $5.38

Key Points

• LightPath Technologies, Inc. (NASDAQ:LPTH) has received a consensus recommendation of "Moderate Buy" from analysts, with one hold rating and four buy ratings among the five firms covering the stock.
• The average one-year price target for LightPath Technologies is $5.3750, reflecting optimistic expectations for the company's stock performance.
• Recent trading activity shows substantial institutional interest, with over 56.29% of the stock owned by hedge funds and institutional investors, indicating confidence in the company's long-term prospects.

LightPath Technologies, Inc. (NASDAQ:LPTH - Get Free Report) has been given an average rating of "Moderate Buy" by the five research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $5.3750.

A number of brokerages recently weighed in on LPTH. Zacks Research upgraded shares of LightPath Technologies to a "hold" rating in a report on Tuesday, August 12th. Wall Street Zen upgraded shares of LightPath Technologies from a "sell" rating to a "hold" rating in a report on Saturday, June 14th. Finally, HC Wainwright boosted their price objective on shares of LightPath Technologies from $6.00 to $7.00 and gave the stock a "buy" rating in a report on Thursday, September 4th.

Institutional Investors Weigh In On LightPath Technologies

A number of large investors have recently added to or reduced their stakes in the stock. Ironwood Investment Counsel LLC grew its position in LightPath Technologies by 14.8% in the 1st quarter. Ironwood Investment Counsel LLC now owns 32,150 shares of the technology company's stock worth $65,000 after purchasing an additional 4,150 shares during the period. Wealth Effects LLC grew its position in shares of LightPath Technologies by 5.8% during the 2nd quarter. Wealth Effects LLC now owns 136,000 shares of the technology company's stock valued at $419,000 after acquiring an additional 7,500 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of LightPath Technologies during the 4th quarter valued at $32,000. Northern Trust Corp lifted its stake in shares of LightPath Technologies by 25.7% during the 4th quarter. Northern Trust Corp now owns 63,983 shares of the technology company's stock valued at $226,000 after buying an additional 13,087 shares in the last quarter. Finally, Millennium Management LLC purchased a new position in shares of LightPath Technologies during the 4th quarter valued at $53,000. Institutional investors own 56.29% of the company's stock.

LightPath Technologies Stock Up 3.6%

Shares of LPTH stock traded up $0.19 during trading hours on Tuesday, hitting $5.49. 759,887 shares of the company's stock traded hands, compared to its average volume of 1,367,270. The stock's fifty day simple moving average is $3.94 and its two-hundred day simple moving average is $2.94. LightPath Technologies has a 12-month low of $1.11 and a 12-month high of $6.44. The stock has a market cap of $244.03 million, a price-to-earnings ratio of -21.12 and a beta of 1.09. The company has a quick ratio of 1.26, a current ratio of 2.30 and a debt-to-equity ratio of 0.33.

LightPath Technologies Company Profile

LightPath Technologies, Inc designs, develops, manufactures, and distributes optical components and assemblies. The company offers precision molded glass aspheric optics, molded and diamond-turned infrared aspheric lenses, and other optical components used to produce products that manipulate light; and infrared products, including catalog and custom infrared optics.