nLight (NASDAQ:LASR) Receives $26.42 Average Target Price from Brokerages

Key Points

• nLight (NASDAQ:LASR) has received a consensus rating of Buy from six brokerages, with an average 1-year target price of $26.42.
• Recent earnings results showed nLight reported $0.06 EPS, exceeding expectations, and a revenue increase of 22.2% year-over-year.
• Insider transactions included significant stock sales by both CFO and CEO, reflecting a decrease in their positions but still retaining substantial shares.

Shares of nLight (NASDAQ:LASR - Get Free Report) have been given a consensus rating of "Buy" by the six research firms that are currently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $26.4167.

LASR has been the subject of several research reports. Benchmark increased their price objective on nLight from $15.00 to $25.00 and gave the company a "speculative buy" rating in a report on Friday, August 8th. Raymond James Financial reissued a "strong-buy" rating on shares of nLight in a report on Friday, August 8th. Needham & Company LLC increased their price objective on nLight from $18.00 to $28.00 and gave the company a "buy" rating in a report on Friday, August 8th. Craig Hallum reissued a "buy" rating and set a $24.00 target price (up previously from $14.00) on shares of nLight in a report on Thursday, June 26th. Finally, Cantor Fitzgerald boosted their target price on shares of nLight from $14.00 to $27.50 and gave the company an "overweight" rating in a report on Friday, August 8th.

nLight Stock Performance

NASDAQ LASR traded down $0.66 on Tuesday, hitting $28.87. 815,941 shares of the stock traded hands, compared to its average volume of 1,072,324. The business's fifty day moving average is $23.05 and its two-hundred day moving average is $15.34. nLight has a 12 month low of $6.20 and a 12 month high of $30.00. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of -30.39 and a beta of 2.44. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.41 and a current ratio of 5.63.

nLight (NASDAQ:LASR - Get Free Report) last announced its quarterly earnings data 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. nLight had a negative return on equity of 19.12% and a negative net margin of 21.66%.The business had revenue of $61.74 million during the quarter, compared to analyst estimates of $55.24 million. During the same period in the prior year, the company earned ($0.10) earnings per share. nLight's revenue was up 22.2% compared to the same quarter last year. nLight has set its Q3 2025 guidance at EPS. As a group, equities analysts anticipate that nLight will post -1.1 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Scott H. Keeney sold 35,730 shares of the firm's stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $29.63, for a total value of $1,058,679.90. Following the completion of the transaction, the chief executive officer directly owned 2,406,540 shares in the company, valued at approximately $71,305,780.20. This trade represents a 1.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Joseph John Corso sold 38,284 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $28.29, for a total transaction of $1,083,054.36. Following the completion of the transaction, the chief financial officer owned 273,118 shares of the company's stock, valued at $7,726,508.22. This trade represents a 12.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 364,300 shares of company stock worth $9,374,016 in the last three months. Insiders own 4.70% of the company's stock.

Hedge Funds Weigh In On nLight

Large investors have recently modified their holdings of the company. Invenomic Capital Management LP purchased a new position in shares of nLight during the 1st quarter valued at $6,763,000. Segall Bryant & Hamill LLC increased its holdings 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 worth $9,383,000 after purchasing an additional 705,215 shares during the period. AIGH Capital Management LLC bought a new position in shares of nLight in the second quarter worth $11,810,000. Arrowstreet Capital Limited Partnership bought a new position in shares of nLight in the second quarter worth $6,778,000. Finally, Needham Investment Management LLC increased its holdings in shares of nLight by 13.4% in the fourth quarter. Needham Investment Management LLC now owns 2,652,115 shares of the company's stock worth $27,821,000 after purchasing an additional 314,375 shares during the period. 83.88% of the stock is currently owned by institutional investors.

nLight Company Profile

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.