Weiss Ratings Reaffirms Sell (E+) Rating for Lightwave Logic (NASDAQ:LWLG)

Key Points

• Weiss Ratings has reaffirmed its "Sell (E+)" rating for Lightwave Logic (NASDAQ:LWLG), indicating a negative outlook for the company's stock.
• In contrast, Wall Street Zen upgraded Lightwave Logic from a "sell" to "hold" rating, suggesting differing perspectives among analysts on the stock's potential.
• Lightwave Logic reported a negative net margin of 22,321.05% and a quarterly loss of ($0.05) EPS, highlighting financial challenges faced by the firm.

Lightwave Logic (NASDAQ:LWLG - Get Free Report)'s stock had its "sell (e+)" rating reiterated by analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded shares of Lightwave Logic from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Sell".

Lightwave Logic Trading Up 11.0%

LWLG opened at $5.15 on Wednesday. The stock has a market capitalization of $666.62 million, a P/E ratio of -28.61 and a beta of 2.53. Lightwave Logic has a 12 month low of $0.79 and a 12 month high of $5.40. The firm's fifty day simple moving average is $3.16 and its 200 day simple moving average is $1.89.

Lightwave Logic (NASDAQ:LWLG - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The company reported ($0.05) EPS for the quarter. The company had revenue of $0.03 million during the quarter. Lightwave Logic had a negative net margin of 22,321.05% and a negative return on equity of 66.64%.

Insider Transactions at Lightwave Logic

In other news, Director Thomas M. Connelly, Jr. sold 6,000 shares of the business's stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $4.25, for a total transaction of $25,500.00. Following the transaction, the director directly owned 45,811 shares in the company, valued at $194,696.75. The trade was a 11.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Laila Partridge sold 10,000 shares of the business's stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $4.11, for a total transaction of $41,100.00. Following the transaction, the director owned 53,802 shares in the company, valued at $221,126.22. This represents a 15.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,000 shares of company stock worth $106,300 in the last ninety days. Insiders own 4.20% of the company's stock.

Institutional Trading of Lightwave Logic

Several hedge funds and other institutional investors have recently modified their holdings of LWLG. Jane Street Group LLC boosted its holdings in shares of Lightwave Logic by 225.2% during the 2nd quarter. Jane Street Group LLC now owns 545,100 shares of the company's stock worth $676,000 after buying an additional 377,484 shares during the period. Marshall Wace LLP bought a new stake in shares of Lightwave Logic during the 2nd quarter worth about $458,000. Nuveen LLC bought a new stake in shares of Lightwave Logic during the 1st quarter worth about $315,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Lightwave Logic during the 2nd quarter worth about $340,000. Finally, Brevan Howard Capital Management LP boosted its holdings in shares of Lightwave Logic by 1,218.4% during the 2nd quarter. Brevan Howard Capital Management LP now owns 194,501 shares of the company's stock worth $241,000 after buying an additional 179,748 shares during the period. Institutional investors own 27.04% of the company's stock.

About Lightwave Logic

Lightwave Logic, Inc focuses on the development of photonic devices and electro-optical polymer materials systems for fiber-optic data communications, telecommunications, and optical computing markets in the United States. The company is involved in the designing and synthesizing of organic chromophores for use in its electro-optic polymer systems and photonic device designs.

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