nLight (NASDAQ:LASR - Get Free Report) CEO Scott H. Keeney sold 62,507 shares of the stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $30.99, for a total transaction of $1,937,091.93. Following the transaction, the chief executive officer owned 2,319,038 shares in the company, valued at approximately $71,866,987.62. This represents a 2.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.
nLight Stock Down 1.5%
LASR traded down $0.48 during trading on Tuesday, hitting $31.07. The stock had a trading volume of 498,464 shares, compared to its average volume of 649,515. The company has a market capitalization of $1.55 billion, a PE ratio of -32.61 and a beta of 2.44. nLight has a twelve month low of $6.20 and a twelve month high of $32.24. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.41 and a current ratio of 5.63. The stock has a 50 day simple moving average of $25.39 and a two-hundred day simple moving average of $16.95.
nLight (NASDAQ:LASR - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.15. The company had revenue of $61.74 million during the quarter, compared to the consensus estimate of $55.24 million. nLight had a negative net margin of 21.66% and a negative return on equity of 19.12%. nLight's revenue was up 22.2% compared to the same quarter last year. During the same period last year, the firm earned ($0.10) earnings per share. nLight has set its Q3 2025 guidance at EPS. On average, research analysts predict that nLight will post -1.1 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the stock. Craig Hallum reaffirmed a "buy" rating and issued a $24.00 price objective (up previously from $14.00) on shares of nLight in a report on Thursday, June 26th. Stifel Nicolaus boosted their price target on shares of nLight from $12.00 to $26.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Benchmark boosted their price target on shares of nLight from $15.00 to $25.00 and gave the stock a "speculative buy" rating in a research report on Friday, August 8th. Cantor Fitzgerald lifted their target price on shares of nLight from $27.50 to $33.50 and gave the stock an "overweight" rating in a research note on Monday, September 15th. Finally, Wall Street Zen raised shares of nLight from a "hold" rating to a "buy" rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to data from MarketBeat.com, nLight currently has a consensus rating of "Buy" and a consensus target price of $27.42.
Read Our Latest Analysis on nLight
Institutional Trading of nLight
A number of large investors have recently bought and sold shares of LASR. Invenomic Capital Management LP acquired a new stake in nLight during the 1st quarter worth $6,763,000. Segall Bryant & Hamill LLC lifted its stake in shares of nLight by 140.4% in the first quarter. Segall Bryant & Hamill LLC now owns 1,207,580 shares of the company's stock valued at $9,383,000 after purchasing an additional 705,215 shares during the period. AIGH Capital Management LLC acquired a new stake in shares of nLight in the second quarter valued at about $11,810,000. Arrowstreet Capital Limited Partnership acquired a new position in nLight during the second quarter worth about $6,778,000. Finally, AWM Investment Company Inc. raised its position in nLight by 29.5% during the first quarter. AWM Investment Company Inc. now owns 1,319,917 shares of the company's stock worth $10,256,000 after acquiring an additional 300,924 shares during the last quarter. Institutional investors and hedge funds own 83.88% of the company's stock.
About nLight
(
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nLIGHT, Inc designs, develops, manufactures, and sells semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. The company operates in two segments, Laser Products and Advanced Development. It offers semiconductor lasers with various ranges of power levels, wavelengths, and output fiber sizes; and programmable and serviceable fiber lasers for use in industrial and aerospace and defense applications.
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