Raymond Link Sells 8,760 Shares of nLight (NASDAQ:LASR) Stock

Key Points

• Director Raymond Link sold 8,760 shares of nLight on March 12 at an average of $64.42, a $564,319 transaction that cut his holding by 9.46% to 83,816 shares worth roughly $5.4M.
• nLight beat the quarter with EPS of $0.14 versus a $0.11 consensus and revenue of $81.19M (up 71.3% year‑over‑year), although the company still reports a negative net margin and return on equity.
• Analysts give LASR a Moderate Buy consensus with a $58.31 target; the stock traded near $62.60, close to its 52‑week high of $69.52 and carries a market cap of about $3.49B.

nLight (NASDAQ:LASR - Get Free Report) Director Raymond Link sold 8,760 shares of the firm's stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $64.42, for a total value of $564,319.20. Following the sale, the director directly owned 83,816 shares in the company, valued at approximately $5,399,426.72. This trade represents a 9.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

nLight Price Performance

LASR stock traded down $0.17 during midday trading on Friday, reaching $62.60. 1,059,219 shares of the stock were exchanged, compared to its average volume of 2,115,248. nLight has a 52 week low of $6.20 and a 52 week high of $69.52. The company has a fifty day moving average price of $51.32 and a 200 day moving average price of $39.01. The stock has a market capitalization of $3.49 billion, a PE ratio of -133.19 and a beta of 2.27.

nLight (NASDAQ:LASR - Get Free Report) last posted its earnings results on Thursday, February 26th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03. nLight had a negative return on equity of 9.28% and a negative net margin of 8.98%.The firm had revenue of $81.19 million during the quarter, compared to the consensus estimate of $76.71 million. During the same period last year, the company earned ($0.30) earnings per share. The business's quarterly revenue was up 71.3% on a year-over-year basis. As a group, analysts anticipate that nLight will post -1.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Osaic Holdings Inc. boosted its position in shares of nLight by 1,599.1% during the 2nd quarter. Osaic Holdings Inc. now owns 1,835 shares of the company's stock valued at $36,000 after purchasing an additional 1,727 shares in the last quarter. Sunbelt Securities Inc. boosted its holdings in shares of nLight by 7,142.9% during the 4th quarter. Sunbelt Securities Inc. now owns 1,014 shares of the company's stock worth $38,000 after buying an additional 1,000 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of nLight by 155.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,062 shares of the company's stock worth $40,000 after buying an additional 647 shares during the period. Financial Consulate Inc. acquired a new stake in shares of nLight during the 4th quarter worth approximately $41,000. Finally, Wexford Capital LP bought a new stake in shares of nLight in the 3rd quarter valued at $41,000. 83.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on LASR shares. Roth Mkm lifted their price target on shares of nLight from $44.00 to $55.00 and gave the stock a "buy" rating in a report on Tuesday, February 3rd. Wall Street Zen raised nLight from a "hold" rating to a "buy" rating in a report on Saturday, March 7th. Zacks Research cut nLight from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 9th. Cantor Fitzgerald lifted their price objective on nLight from $40.00 to $62.50 and gave the stock an "overweight" rating in a research note on Friday, February 27th. Finally, Robert W. Baird began coverage on nLight in a report on Wednesday, March 4th. They issued an "outperform" rating and a $95.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $58.31.

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. The company also provides laser sensors, including light detection and ranging technologies for intelligence, surveillance, and reconnaissance applications; and fiber amplifiers, beam combination, and control systems for use in high-energy laser systems in directed energy applications.

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