Lantronix (NASDAQ:LTRX) Shares Cross Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Lantronix shares moved above their 200-day moving average, reaching $7.22 before closing at $6.83, compared with a 200-day average of $6.08.
• Analyst sentiment remains broadly positive: six analysts rate the stock a Buy, one rates it a Sell, and the consensus is “Moderate Buy” with a $10.80 price target.
• The company exceeded quarterly expectations with $0.04 in EPS versus $0.03 expected and $31.15 million in revenue versus $30.69 million forecast, while institutional investors own 39.38% of its shares.

Shares of Lantronix, Inc. (NASDAQ:LTRX - Get Free Report) crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $6.08 and traded as high as $7.22. Lantronix shares last traded at $6.83, with a volume of 741,723 shares.

Analysts Set New Price Targets

LTRX has been the subject of a number of recent analyst reports. Needham & Company LLC restated a "buy" rating and issued a $11.00 target price on shares of Lantronix in a report on Thursday, August 27th. Canaccord Genuity Group increased their price target on shares of Lantronix from $10.50 to $11.00 and gave the stock a "buy" rating in a research note on Thursday, July 9th. UBS Group reiterated a "buy" rating on shares of Lantronix in a report on Friday, June 12th. JonesTrading began coverage on shares of Lantronix in a research note on Wednesday, July 15th. They set a "buy" rating and a $12.00 price objective for the company. Finally, Wall Street Zen upgraded Lantronix from a "hold" rating to a "buy" rating in a report on Saturday, August 29th. Six analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $10.80.

Lantronix Trading Down 5.3%

The firm has a market capitalization of $320.19 million, a price-to-earnings ratio of -62.09 and a beta of 1.61. The firm has a 50 day moving average price of $6.02 and a two-hundred day moving average price of $6.08.

Lantronix (NASDAQ:LTRX - Get Free Report) last posted its earnings results on Wednesday, August 26th. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.01. The firm had revenue of $31.15 million during the quarter, compared to the consensus estimate of $30.69 million. Lantronix had a negative net margin of 3.46% and a negative return on equity of 4.88%. Lantronix has set its Q1 2027 guidance at 0.040-0.060 EPS. As a group, research analysts forecast that Lantronix, Inc. will post 0.1 earnings per share for the current year.

Insider Activity

In other Lantronix news, CEO Saleel Awsare acquired 15,000 shares of the company's stock in a transaction dated Wednesday, September 9th. The stock was bought at an average price of $5.18 per share, with a total value of $77,700.00. Following the completion of the transaction, the chief executive officer directly owned 453,381 shares of the company's stock, valued at approximately $2,348,513.58. The trade was a 3.42% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Lantronix

Several hedge funds and other institutional investors have recently made changes to their positions in LTRX. AWM Investment Company Inc. acquired a new stake in Lantronix in the 2nd quarter valued at $7,350,000. Sei Investments Co. lifted its stake in shares of Lantronix by 138.0% during the first quarter. Sei Investments Co. now owns 261,292 shares of the technology company's stock worth $1,369,000 after purchasing an additional 151,485 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Lantronix during the second quarter worth about $937,000. Squarepoint Ops LLC boosted its position in shares of Lantronix by 215.5% in the second quarter. Squarepoint Ops LLC now owns 254,886 shares of the technology company's stock worth $1,499,000 after buying an additional 174,086 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Lantronix by 41.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 945,025 shares of the technology company's stock worth $4,952,000 after buying an additional 275,842 shares during the period. Institutional investors and hedge funds own 39.38% of the company's stock.

Lantronix Company Profile

Lantronix, Inc is a provider of intelligent edge and Internet of Things (IoT) solutions. The company develops hardware, software and services that help organizations connect, manage and secure devices and equipment across distributed networks.

Its product portfolio includes embedded computing and networking modules, IoT gateways, industrial and enterprise networking equipment, device-management software, cellular and wireless connectivity solutions, and remote-access and out-of-band management products.

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