Lantronix (NASDAQ:LTRX) Stock Breaks Above 200-Day Moving Average - Time to Sell?

Key Points

• Lantronix shares broke above their 200-day moving average, reaching $7.29 and last trading near $7.21, compared with a 200-day average of $6.03.
• Analyst sentiment is largely positive: six analysts rate the stock a Buy and one rates it a Sell, producing a “Moderate Buy” consensus and an average price target of $10.80.
• The company exceeded quarterly expectations with $0.04 in EPS and $31.15 million in revenue, while CEO Saleel Awsare purchased 15,000 shares; however, Lantronix remains unprofitable, with a negative net margin and return on equity.

Lantronix, Inc. (NASDAQ:LTRX - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $6.03 and traded as high as $7.29. Lantronix shares last traded at $7.21, with a volume of 1,214,539 shares changing hands.

Wall Street Analyst Weigh In

Several research firms recently commented on LTRX. UBS Group reaffirmed a "buy" rating on shares of Lantronix in a research report on Friday, June 12th. Canaccord Genuity Group boosted their target price on Lantronix from $10.50 to $11.00 and gave the stock a "buy" rating in a research report on Thursday, July 9th. Weiss Ratings restated a "sell (d-)" rating on shares of Lantronix in a research note on Friday, July 17th. Needham & Company LLC reaffirmed a "buy" rating and set a $11.00 price target on shares of Lantronix in a report on Thursday, August 27th. Finally, Wall Street Zen upgraded shares of Lantronix from a "hold" rating to a "buy" rating in a research note on Saturday, August 29th. Six analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Lantronix has a consensus rating of "Moderate Buy" and an average target price of $10.80.

Lantronix Trading Down 0.1%

The stock has a market capitalization of $338.00 million, a PE ratio of -65.55 and a beta of 1.66. The stock has a 50 day moving average price of $5.81 and a 200-day moving average price of $6.03.

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

Insider Activity at Lantronix

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

Hedge Funds Weigh In On Lantronix

A number of institutional investors and hedge funds have recently made changes to their positions in LTRX. Globeflex Capital L P purchased a new stake in Lantronix during the second quarter valued at approximately $76,000. Thompson Davis & CO. Inc. raised its position in Lantronix by 14.8% in the first quarter. Thompson Davis & CO. Inc. now owns 18,950 shares of the technology company's stock worth $99,000 after acquiring an additional 2,450 shares during the period. Bank of America Corp DE boosted its stake in shares of Lantronix by 210.7% during the 1st quarter. Bank of America Corp DE now owns 38,589 shares of the technology company's stock worth $202,000 after acquiring an additional 26,170 shares during the last quarter. Kestra Private Wealth Services LLC purchased a new position in shares of Lantronix during the 1st quarter worth $363,000. Finally, Bank of New York Mellon Corp grew its position in shares of Lantronix by 236.4% during the 1st quarter. Bank of New York Mellon Corp now owns 87,316 shares of the technology company's stock valued at $458,000 after acquiring an additional 61,358 shares during the period. Hedge funds and other institutional investors own 39.38% of the company's stock.

Lantronix Company Profile

Lantronix, Inc NASDAQ: LTRX provides intelligent hardware, software and services that enable organizations to connect, manage and secure devices and equipment across the Internet of Things (IoT). Its solutions are designed for industrial, commercial and enterprise applications, including remote monitoring, automation, asset management and edge computing.

The company's offerings include IoT gateways, embedded computing and networking products, cellular and wireless connectivity solutions, industrial networking equipment, remote access and out-of-band management systems, and related software and cloud services.

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