Lantronix (NASDAQ:LTRX) Earns "Buy" Rating from Roth Mkm

Roth Mkm restated their buy rating on shares of Lantronix (NASDAQ:LTRX - Free Report) in a research note published on Tuesday, Benzinga reports. Roth Mkm currently has a $9.00 price objective on the technology company's stock.

A number of other research analysts also recently issued reports on the stock. Needham & Company LLC cut their target price on shares of Lantronix from $8.50 to $7.00 and set a buy rating on the stock in a research report on Tuesday, March 12th. StockNews.com raised shares of Lantronix from a buy rating to a strong-buy rating in a report on Tuesday, February 13th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Buy and a consensus target price of $8.50.

Lantronix Stock Performance

LTRX traded up $0.30 during trading on Tuesday, reaching $3.76. 708,984 shares of the company's stock were exchanged, compared to its average volume of 307,220. Lantronix has a fifty-two week low of $3.08 and a fifty-two week high of $6.95. The company has a market capitalization of $140.92 million, a P/E ratio of -15.36 and a beta of 2.12. The company has a quick ratio of 1.19, a current ratio of 2.08 and a debt-to-equity ratio of 0.19. The business has a 50 day moving average price of $3.57 and a 200 day moving average price of $4.77.

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

Insiders Place Their Bets

In related news, 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 transaction of $56,736.27. Following the completion of the transaction, the insider now owns 5,406,471 shares in the company, valued at $32,601,020.13. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, major shareholder Bernhard Bruscha sold 9,409 shares of the stock in a transaction 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 sale, the insider now directly owns 5,406,471 shares of the company's stock, valued at $32,601,020.13. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Philip G. Brace bought 15,000 shares of the business's stock in a transaction on Tuesday, February 13th. The shares were acquired at an average price of $3.95 per share, for a total transaction of $59,250.00. Following the completion of the purchase, the director now owns 27,000 shares in the company, valued at approximately $106,650. The disclosure for this purchase can be found here. 17.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Citigroup Inc. purchased a new stake in Lantronix in the 3rd quarter worth approximately $35,000. Algert Global LLC bought a new stake in shares of Lantronix during the 3rd quarter valued at $50,000. Jump Financial LLC purchased a new position in shares of Lantronix during the 3rd quarter valued at $66,000. Quadrature Capital Ltd bought a new stake in Lantronix during the third quarter valued at about $109,000. Finally, Hillsdale Investment Management Inc. bought a new position in shares of Lantronix in the fourth quarter worth about $148,000. Institutional investors own 39.38% of the company's stock.

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.