Brokers Issue Forecasts for Lantronix, Inc.'s Q4 2024 Earnings (NASDAQ:LTRX)

Lantronix, Inc. (NASDAQ:LTRX - Free Report) - Stock analysts at Roth Capital reduced their Q4 2024 earnings per share (EPS) estimates for Lantronix in a report issued on Monday, April 29th. Roth Capital analyst S. Searle now expects that the technology company will earn $0.07 per share for the quarter, down from their previous forecast of $0.09. The consensus estimate for Lantronix's current full-year earnings is ($0.04) per share.

Lantronix (NASDAQ:LTRX - Get Free Report) last released its quarterly earnings results on Thursday, February 8th. The technology company reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.06). Lantronix had a negative return on equity of 8.50% and a negative net margin of 4.48%. The company had revenue of $37.04 million during the quarter, compared to analysts' expectations of $37.20 million.

LTRX has been the subject of a number of other reports. Needham & Company LLC reissued a "buy" rating and issued a $7.00 price objective on shares of Lantronix in a research report on Tuesday. Craig Hallum lowered their price objective on Lantronix from $7.00 to $6.00 and set a "buy" rating for the company in a report on Tuesday. StockNews.com raised Lantronix from a "buy" rating to a "strong-buy" rating in a report on Tuesday, February 13th. Roth Mkm reiterated a "buy" rating and issued a $9.00 price target on shares of Lantronix in a report on Tuesday. Finally, Lake Street Capital reduced their price objective on Lantronix from $8.00 to $7.00 and set a "buy" rating on the stock in a research note on Tuesday. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $8.50.

Lantronix Stock Down 0.3 %

Shares of LTRX stock traded down $0.01 on Thursday, hitting $3.68. The stock had a trading volume of 292,117 shares, compared to its average volume of 308,965. Lantronix has a 52-week low of $3.08 and a 52-week high of $6.95. The firm has a market capitalization of $137.93 million, a price-to-earnings ratio of -20.50 and a beta of 2.05. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.19 and a current ratio of 2.08. The stock's 50 day moving average is $3.56 and its 200-day moving average is $4.75.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of LTRX. AMH Equity Ltd boosted its position in shares of Lantronix by 13.9% during the 3rd quarter. AMH Equity Ltd now owns 1,138,682 shares of the technology company's stock valued at $5,067,000 after purchasing an additional 138,682 shares in the last quarter. Jump Financial LLC bought a new stake in Lantronix during the third quarter worth approximately $66,000. Barclays PLC acquired a new position in Lantronix in the third quarter worth approximately $176,000. Algert Global LLC bought a new position in shares of Lantronix in the third quarter valued at $50,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Lantronix during the 3rd quarter valued at $109,000. 39.38% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Lantronix

In related news, CEO Saleel Awsare acquired 20,000 shares of the business's stock in a transaction that occurred on Tuesday, February 13th. The shares were acquired at an average cost of $3.91 per share, for a total transaction of $78,200.00. Following the completion of the purchase, the chief executive officer now directly owns 20,000 shares in the company, valued at $78,200. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Saleel Awsare acquired 20,000 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were acquired at an average price of $3.91 per share, for a total transaction of $78,200.00. Following the completion of the purchase, the chief executive officer now directly owns 20,000 shares of the company's stock, valued at $78,200. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Bernhard Bruscha sold 9,409 shares of the company's stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $6.03, for a total value of $56,736.27. Following the completion of the sale, the insider now owns 5,406,471 shares of the company's stock, valued at $32,601,020.13. The disclosure for this sale can be found here. Company insiders own 17.30% of the company's stock.

About Lantronix

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.