LightPath Technologies, Inc. (NASDAQ:LPTH) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• LightPath Technologies has received an average analyst rating of "Moderate Buy", with one hold rating and four buy ratings among the five ratings firms covering the company.
• The average one-year target price for LightPath Technologies is $4.8750, while recent target prices from analysts vary from $5.00 to $5.50.
• Despite recent earnings results showing a loss that missed expectations, LightPath Technologies reported revenue of $9.17 million, exceeding analyst forecasts.

LightPath Technologies, Inc. (NASDAQ:LPTH - Get Free Report) has earned an average rating of "Moderate Buy" from the five ratings firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $4.8750.

A number of equities research analysts recently weighed in on the stock. HC Wainwright reaffirmed a "buy" rating and issued a $5.00 target price on shares of LightPath Technologies in a research note on Monday, May 19th. Craig Hallum initiated coverage on shares of LightPath Technologies in a research note on Monday, April 28th. They issued a "buy" rating and a $5.50 target price on the stock. Wall Street Zen raised shares of LightPath Technologies from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th. Finally, Zacks Research raised shares of LightPath Technologies to a "hold" rating in a research note on Tuesday.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Ironwood Investment Counsel LLC grew its holdings in shares of LightPath Technologies by 14.8% in the first 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 last quarter. Wealth Effects LLC grew its holdings in shares of LightPath Technologies by 5.8% in the second quarter. Wealth Effects LLC now owns 136,000 shares of the technology company's stock worth $419,000 after purchasing an additional 7,500 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of LightPath Technologies in the fourth quarter worth approximately $32,000. Northern Trust Corp grew its holdings in shares of LightPath Technologies by 25.7% in the fourth quarter. Northern Trust Corp now owns 63,983 shares of the technology company's stock worth $226,000 after purchasing an additional 13,087 shares during the last quarter. Finally, Millennium Management LLC bought a new position in shares of LightPath Technologies in the fourth quarter worth approximately $53,000. 56.29% of the stock is owned by hedge funds and other institutional investors.

LightPath Technologies Trading Down 2.4%

Shares of LPTH opened at $3.64 on Friday. The firm's 50 day simple moving average is $3.17 and its 200 day simple moving average is $2.66. The company has a market capitalization of $161.80 million, a P/E ratio of -14.00 and a beta of 0.82. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.30 and a quick ratio of 1.26. LightPath Technologies has a 1-year low of $1.04 and a 1-year high of $4.42.

LightPath Technologies (NASDAQ:LPTH - Get Free Report) last announced its earnings results on Thursday, May 15th. The technology company reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.05). The company had revenue of $9.17 million during the quarter, compared to analysts' expectations of $8.78 million. LightPath Technologies had a negative net margin of 30.18% and a negative return on equity of 41.68%. During the same period in the prior year, the business earned ($0.07) earnings per share. Sell-side analysts forecast that LightPath Technologies will post -0.18 earnings per share for the current fiscal year.

About LightPath Technologies

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.

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