nLight (NASDAQ:LASR) Given Consensus Rating of "Buy" by Brokerages

Key Points

• nLight (NASDAQ:LASR) has received a consensus rating of "Buy" from six brokerages, with an average price target of $27.42.
• Insider sales have occurred recently, with CFO Joseph John Corso selling 38,284 shares and CEO Scott H. Keeney selling 62,507 shares, indicating a minor decrease in their ownership stakes.
• The company's quarterly earnings exceeded expectations, reporting $0.06 earnings per share (EPS) compared to a consensus estimate of ($0.09), along with a 22.2% increase in revenue year-over-year.

Shares of nLight (NASDAQ:LASR - Get Free Report) have been given an average recommendation of "Buy" by the six ratings firms that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $27.4167.

Several brokerages recently issued reports on LASR. Cantor Fitzgerald lifted their price objective on nLight from $27.50 to $33.50 and gave the stock an "overweight" rating in a research report on Monday, September 15th. Benchmark boosted their price target on nLight from $15.00 to $25.00 and gave the company a "speculative buy" rating in a report on Friday, August 8th. Wall Street Zen raised nLight from a "hold" rating to a "buy" rating in a research note on Saturday, September 20th. Craig Hallum reissued a "buy" rating and set a $24.00 price target (up previously from $14.00) on shares of nLight in a research note on Thursday, June 26th. Finally, Stifel Nicolaus increased their price target on nLight from $12.00 to $26.00 and gave the stock a "buy" rating in a research note on Friday, August 8th.

Insiders Place Their Bets

In other nLight news, CFO Joseph John Corso sold 38,284 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $28.29, for a total transaction of $1,083,054.36. Following the transaction, the chief financial officer owned 273,118 shares of the company's stock, valued at $7,726,508.22. This represents a 12.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Scott H. Keeney sold 62,507 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $30.99, for a total value of $1,937,091.93. Following the transaction, the chief executive officer directly owned 2,319,038 shares in the company, valued at approximately $71,866,987.62. This represents a 2.62% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 374,980 shares of company stock worth $10,650,501. Corporate insiders own 4.70% of the company's stock.

Institutional Trading of nLight

Institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC grew its stake in shares of nLight by 147.6% during the 2nd quarter. GAMMA Investing LLC now owns 1,550 shares of the company's stock valued at $31,000 after buying an additional 924 shares during the period. Osaic Holdings Inc. boosted its position in nLight by 1,599.1% during the 2nd quarter. Osaic Holdings Inc. now owns 1,835 shares of the company's stock worth $36,000 after purchasing an additional 1,727 shares during the period. Nisa Investment Advisors LLC boosted its position in nLight by 162.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,747 shares of the company's stock worth $54,000 after purchasing an additional 1,700 shares during the period. Militia Capital Partners LP purchased a new stake in nLight during the 2nd quarter worth $71,000. Finally, Tower Research Capital LLC TRC boosted its position in nLight by 213.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,764 shares of the company's stock worth $94,000 after purchasing an additional 3,246 shares during the period. 83.88% of the stock is owned by hedge funds and other institutional investors.

nLight Trading Up 3.9%

Shares of nLight stock opened at $29.13 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.63 and a quick ratio of 4.41. nLight has a 1 year low of $6.20 and a 1 year high of $32.24. The company has a market capitalization of $1.45 billion, a P/E ratio of -30.66 and a beta of 2.44. The business has a 50 day moving average price of $26.18 and a 200 day moving average price of $17.39.

nLight (NASDAQ:LASR - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.06 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $61.74 million during the quarter, compared to the consensus estimate of $55.24 million. During the same period in the previous year, the firm posted ($0.10) EPS. The company's quarterly revenue was up 22.2% compared to the same quarter last year. nLight has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that nLight will post -1.1 EPS for the current fiscal year.

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.

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