Brokers Set Expectations for nLIGHT FY2025 Earnings

nLIGHT, Inc. (NASDAQ:LASR - Free Report) - Cantor Fitzgerald issued their FY2025 earnings estimates for shares of nLIGHT in a research note issued on Tuesday, January 21st. Cantor Fitzgerald analyst T. Jensen anticipates that the company will post earnings of ($1.10) per share for the year. Cantor Fitzgerald currently has a "Overweight" rating and a $15.50 target price on the stock. The consensus estimate for nLIGHT's current full-year earnings is ($1.10) per share.

A number of other analysts have also recently commented on the stock. Needham & Company LLC dropped their target price on shares of nLIGHT from $16.00 to $14.00 and set a "buy" rating on the stock in a report on Tuesday. Stifel Nicolaus dropped their target price on nLIGHT from $17.00 to $14.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th.

nLIGHT Price Performance

nLIGHT stock traded up $0.12 during trading hours on Wednesday, reaching $11.59. The stock had a trading volume of 223,707 shares, compared to its average volume of 428,988. The stock has a market cap of $561.06 million, a PE ratio of -11.25 and a beta of 2.19. The company has a fifty day simple moving average of $10.78 and a 200-day simple moving average of $11.19. nLIGHT has a 52 week low of $9.15 and a 52 week high of $14.75.

nLIGHT (NASDAQ:LASR - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported ($0.21) earnings per share for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.13). nLIGHT had a negative return on equity of 19.53% and a negative net margin of 24.16%. The firm had revenue of $56.13 million during the quarter, compared to the consensus estimate of $55.71 million. During the same quarter in the previous year, the firm earned ($0.24) EPS.

Institutional Investors Weigh In On nLIGHT

Hedge funds have recently bought and sold shares of the business. Point72 DIFC Ltd increased its holdings in shares of nLIGHT by 1,637.2% in the 3rd quarter. Point72 DIFC Ltd now owns 4,152 shares of the company's stock worth $44,000 after buying an additional 3,913 shares during the last quarter. nVerses Capital LLC increased its stake in nLIGHT by 500.0% during the third quarter. nVerses Capital LLC now owns 4,200 shares of the company's stock worth $45,000 after acquiring an additional 3,500 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in nLIGHT during the third quarter valued at approximately $50,000. Quantbot Technologies LP lifted its stake in shares of nLIGHT by 25.5% in the 3rd quarter. Quantbot Technologies LP now owns 10,092 shares of the company's stock valued at $108,000 after purchasing an additional 2,052 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in shares of nLIGHT by 969.0% in the 3rd quarter. International Assets Investment Management LLC now owns 10,690 shares of the company's stock worth $114,000 after purchasing an additional 9,690 shares during the period. Hedge funds and other institutional investors own 83.88% of the company's stock.

Insider Activity

In other nLIGHT news, CEO Scott H. Keeney sold 15,000 shares of the business's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $13.73, for a total value of $205,950.00. Following the sale, the chief executive officer now owns 1,347,781 shares in the company, valued at $18,505,033.13. The trade was a 1.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Joseph John Corso sold 2,500 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $10.92, for a total value of $27,300.00. Following the transaction, the chief financial officer now directly owns 155,129 shares of the company's stock, valued at approximately $1,694,008.68. The trade was a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 61,019 shares of company stock worth $692,565 in the last three months. Company insiders own 6.10% of the company's stock.

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.