Brokerages Set Lantronix, Inc. (NASDAQ:LTRX) Price Target at $9.20

Lantronix, Inc. (NASDAQ:LTRX - Get Free Report) has been assigned a consensus recommendation of "Buy" from the four analysts that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $9.20.

A number of equities research analysts recently weighed in on the stock. Needham & Company LLC cut their price objective on shares of Lantronix from $8.50 to $7.00 and set a "buy" rating on the stock in a research note on Tuesday, March 12th. StockNews.com upgraded shares of Lantronix from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, February 13th. Finally, Roth Mkm cut their price objective on shares of Lantronix from $12.00 to $9.00 and set a "buy" rating on the stock in a research note on Friday, February 9th.

Insiders Place Their Bets

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

Institutional Trading of Lantronix

Institutional investors and hedge funds have recently bought and sold shares of the stock. Barclays PLC acquired a new stake in Lantronix during the 3rd quarter worth about $176,000. Citigroup Inc. acquired a new stake in Lantronix during the 3rd quarter worth about $35,000. Jump Financial LLC acquired a new stake in Lantronix during the 3rd quarter worth about $66,000. Quadrature Capital Ltd purchased a new position in Lantronix during the 3rd quarter valued at about $109,000. Finally, Algert Global LLC purchased a new position in Lantronix during the 3rd quarter valued at about $50,000. Institutional investors and hedge funds own 39.38% of the company's stock.

Lantronix Stock Performance

Shares of LTRX traded down $0.07 during midday trading on Friday, hitting $3.08. 149,461 shares of the stock traded hands, compared to its average volume of 285,603. Lantronix has a 1-year low of $3.08 and a 1-year high of $6.95. The firm has a market capitalization of $115.44 million, a PE ratio of -12.32 and a beta of 2.12. 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 business's 50 day moving average price is $3.68 and its two-hundred day moving average price is $4.80.

Lantronix (NASDAQ:LTRX - Get Free Report) last announced its quarterly earnings results on Thursday, February 8th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.06). Lantronix had a negative net margin of 6.67% and a negative return on equity of 11.89%. The firm had revenue of $37.04 million for the quarter, compared to analyst estimates of $37.20 million. Equities research analysts predict that Lantronix will post -0.04 EPS for the current fiscal year.

Lantronix Company Profile

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.