LightPath Technologies (NASDAQ:LPTH) Given Buy Rating at HC Wainwright

HC Wainwright restated their buy rating on shares of LightPath Technologies (NASDAQ:LPTH - Free Report) in a research note released on Monday morning,Benzinga reports. They currently have a $5.00 price objective on the technology company's stock. HC Wainwright also issued estimates for LightPath Technologies' FY2025 earnings at ($0.22) EPS and FY2026 earnings at ($0.14) EPS.

Separately, Craig Hallum initiated coverage on LightPath Technologies in a research note on Monday, April 28th. They issued a "buy" rating and a $5.50 price target on the stock. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $4.88.

LightPath Technologies Trading Down 0.4%

Shares of LPTH traded down $0.01 on Monday, hitting $2.37. 40,391 shares of the stock traded hands, compared to its average volume of 164,050. LightPath Technologies has a 1 year low of $1.04 and a 1 year high of $4.42. The stock's 50 day moving average is $2.16 and its two-hundred day moving average is $2.41. The firm has a market capitalization of $101.67 million, a P/E ratio of -9.87 and a beta of 0.84. The company has a quick ratio of 0.90, a current ratio of 1.53 and a debt-to-equity ratio of 0.03.

LightPath Technologies (NASDAQ:LPTH - Get Free Report) last issued its quarterly 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). LightPath Technologies had a negative return on equity of 31.13% and a negative net margin of 28.57%. The business had revenue of $9.17 million for the quarter, compared to analysts' expectations of $8.78 million. During the same period in the prior year, the company earned ($0.07) EPS. As a group, sell-side analysts predict that LightPath Technologies will post -0.18 earnings per share for the current year.

Hedge Funds Weigh In On LightPath Technologies

A number of large investors have recently bought and sold shares of LPTH. Wealth Effects LLC purchased a new position in LightPath Technologies during the fourth quarter worth approximately $164,000. Crewe Advisors LLC purchased a new position in LightPath Technologies during the fourth quarter worth approximately $28,000. Legato Capital Management LLC purchased a new position in shares of LightPath Technologies in the 4th quarter valued at $83,000. J.W. Cole Advisors Inc. purchased a new position in shares of LightPath Technologies in the 4th quarter valued at $87,000. Finally, Essex Investment Management Co. LLC purchased a new position in shares of LightPath Technologies in the 4th quarter valued at $338,000. Hedge funds and other institutional investors own 56.29% of the company's stock.

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.