nLight (NASDAQ:LASR) Price Target Raised to $33.50 at Cantor Fitzgerald

Key Points

• nLight's target price was raised by Cantor Fitzgerald from $27.50 to $33.50, indicating a potential upside of 16.85% from its current price.
• The company's recent quarterly earnings exceeded expectations, reporting $0.06 earnings per share (EPS), compared to an expected loss of -$0.09.
• Institutional ownership of nLight is strong, with 83.88% of the stock held by institutional investors and hedge funds.

nLight (NASDAQ:LASR - Get Free Report) had its target price lifted by stock analysts at Cantor Fitzgerald from $27.50 to $33.50 in a research note issued on Monday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Cantor Fitzgerald's target price would indicate a potential upside of 16.85% from the stock's current price.

LASR has been the subject of a number of other research reports. Benchmark lifted their price objective on nLight from $15.00 to $25.00 and gave the stock a "speculative buy" rating in a research report on Friday, August 8th. Needham & Company LLC lifted their price objective on nLight from $18.00 to $28.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Craig Hallum reiterated a "buy" rating and set a $24.00 price objective (up previously from $14.00) on shares of nLight in a research report on Thursday, June 26th. Raymond James Financial reiterated a "strong-buy" rating on shares of nLight in a research report on Friday, August 8th. Finally, Stifel Nicolaus lifted their price objective on nLight from $12.00 to $26.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $27.42.

nLight Price Performance

nLight stock opened at $28.67 on Monday. The company has a market cap of $1.43 billion, a P/E ratio of -30.18 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 has a one year low of $6.20 and a one year high of $30.05. The business has a fifty day moving average of $23.98 and a two-hundred day moving average of $16.04.

nLight (NASDAQ:LASR - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $61.74 million during the quarter, compared to the consensus estimate of $55.24 million. nLight had a negative return on equity of 19.12% and a negative net margin of 21.66%.The business's revenue was up 22.2% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.10) EPS. nLight has set its Q3 2025 guidance at EPS. As a group, analysts predict that nLight will post -1.1 earnings per share for the current fiscal year.

Insider Transactions at nLight

In other nLight news, CFO Joseph John Corso sold 38,284 shares of the company's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $28.29, for a total value of $1,083,054.36. Following the completion of the transaction, the chief financial officer owned 273,118 shares in the company, valued at $7,726,508.22. This represents a 12.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Scott H. Keeney sold 35,732 shares of nLight 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 $1,010,858.28. Following the sale, the chief executive officer owned 2,513,734 shares in the company, valued at $71,113,534.86. This represents a 1.40% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 368,019 shares of company stock worth $9,641,577. 6.10% of the stock is currently owned by insiders.

Institutional Trading of nLight

Institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its holdings in nLight by 72.0% in the fourth quarter. Bank of America Corp DE now owns 209,644 shares of the company's stock valued at $2,199,000 after acquiring an additional 87,788 shares in the last quarter. Vanguard Group Inc. raised its holdings in nLight by 2.1% in the first quarter. Vanguard Group Inc. now owns 3,667,332 shares of the company's stock valued at $28,495,000 after acquiring an additional 74,163 shares in the last quarter. King Luther Capital Management Corp acquired a new stake in nLight in the first quarter valued at $388,000. Segall Bryant & Hamill LLC raised its holdings in 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 acquiring an additional 705,215 shares in the last quarter. Finally, Keeley Teton Advisors LLC raised its holdings in shares of nLight by 89.7% during the first quarter. Keeley Teton Advisors LLC now owns 127,356 shares of the company's stock worth $990,000 after purchasing an additional 60,221 shares during the period. 83.88% of the stock is owned by institutional investors and hedge funds.

About nLight

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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