Lantronix (NASDAQ:LTRX) PT Lowered to $6.00

Lantronix (NASDAQ:LTRX - Get Free Report) had its price target decreased by research analysts at Craig Hallum from $7.00 to $6.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has a "buy" rating on the technology company's stock. Craig Hallum's price objective suggests a potential upside of 59.57% from the stock's current price.

Several other analysts have also recently commented on the company. 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. Needham & Company LLC reissued a "buy" rating and set a $7.00 price objective on shares of Lantronix in a report on Tuesday. Finally, Lake Street Capital lowered their target price on shares of Lantronix from $8.00 to $7.00 and set a "buy" rating on the stock in a research report on Tuesday. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $8.50.

Lantronix Stock Performance

Shares of NASDAQ:LTRX traded up $0.30 during trading on Tuesday, reaching $3.76. The company had a trading volume of 709,029 shares, compared to its average volume of 307,220. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.08 and a quick ratio of 1.19. The stock's fifty day moving average price is $3.57 and its 200 day moving average price is $4.77. Lantronix has a fifty-two week low of $3.08 and a fifty-two week high of $6.95. The firm has a market capitalization of $140.92 million, a price-to-earnings ratio of -15.36 and a beta of 2.12.

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

Insider Buying and Selling at Lantronix

In other news, major shareholder Bernhard Bruscha sold 9,409 shares of the firm's stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $6.03, for a total transaction of $56,736.27. Following the completion of the transaction, the insider now directly owns 5,406,471 shares of the company's stock, valued at approximately $32,601,020.13. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related 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 completion of the transaction, the insider now owns 5,406,471 shares of the company's stock, valued at approximately $32,601,020.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Philip G. Brace purchased 15,000 shares of the stock in a transaction dated Tuesday, February 13th. The shares were purchased at an average price of $3.95 per share, with a total value of $59,250.00. Following the completion of the acquisition, the director now owns 27,000 shares of the company's stock, valued at $106,650. The disclosure for this purchase can be found here. Insiders own 17.30% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in LTRX. AMH Equity Ltd grew its holdings in Lantronix by 13.9% in the third 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 during the period. Jump Financial LLC acquired a new position in Lantronix in the third quarter valued at $66,000. Barclays PLC acquired a new stake in Lantronix during the third quarter worth about $176,000. Algert Global LLC purchased a new position in shares of Lantronix in the 3rd quarter worth about $50,000. Finally, Quadrature Capital Ltd purchased a new stake in Lantronix during the third quarter worth approximately $109,000. Hedge funds and other institutional investors own 39.38% 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.