Hoshi Printer Buys 15,000 Shares of Lantronix, Inc. (NASDAQ:LTRX) Stock

Lantronix, Inc. (NASDAQ:LTRX - Get Free Report) Director Hoshi Printer bought 15,000 shares of the business's stock in a transaction on Tuesday, November 26th. The stock was purchased at an average price of $2.90 per share, for a total transaction of $43,500.00. Following the purchase, the director now directly owns 176,075 shares in the company, valued at approximately $510,617.50. This represents a 9.31 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Lantronix Stock Performance

NASDAQ:LTRX traded up $0.08 during mid-day trading on Friday, hitting $3.00. 251,290 shares of the stock were exchanged, compared to its average volume of 303,441. The firm's 50-day simple moving average is $3.62 and its 200 day simple moving average is $3.70. The stock has a market capitalization of $115.41 million, a price-to-earnings ratio of -20.86 and a beta of 2.14. Lantronix, Inc. has a fifty-two week low of $2.48 and a fifty-two week high of $6.95. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.78 and a current ratio of 2.61.

Lantronix (NASDAQ:LTRX - Get Free Report) last released its quarterly earnings results on Thursday, September 5th. The technology company reported $0.08 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.02. The business had revenue of $49.08 million for the quarter, compared to analyst estimates of $49.10 million. Lantronix had a negative net margin of 3.17% and a negative return on equity of 2.91%. As a group, equities analysts anticipate that Lantronix, Inc. will post -0.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LTRX. StockNews.com downgraded shares of Lantronix from a "strong-buy" rating to a "buy" rating in a report on Monday, November 11th. Needham & Company LLC cut their target price on shares of Lantronix from $7.00 to $5.50 and set a "buy" rating for the company in a research note on Monday, November 11th. Finally, Canaccord Genuity Group lowered their price target on Lantronix from $7.50 to $5.00 and set a "buy" rating on the stock in a research report on Tuesday, November 12th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Lantronix has a consensus rating of "Buy" and an average price target of $6.50.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in LTRX. Vanguard Group Inc. raised its position in Lantronix by 10.3% during the first quarter. Vanguard Group Inc. now owns 1,402,989 shares of the technology company's stock valued at $4,995,000 after purchasing an additional 131,476 shares in the last quarter. Acadian Asset Management LLC raised its position in Lantronix by 89.3% during the second quarter. Acadian Asset Management LLC now owns 196,702 shares of the technology company's stock valued at $697,000 after purchasing an additional 92,818 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Lantronix by 27.6% during the second quarter. American Century Companies Inc. now owns 26,319 shares of the technology company's stock worth $93,000 after buying an additional 5,693 shares in the last quarter. Herald Investment Management Ltd increased its holdings in shares of Lantronix by 17.6% during the second quarter. Herald Investment Management Ltd now owns 1,000,000 shares of the technology company's stock worth $3,550,000 after buying an additional 150,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Lantronix by 18.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,022,193 shares of the technology company's stock worth $3,629,000 after buying an additional 159,671 shares in the last quarter. 39.38% of the stock is currently owned by institutional investors and hedge funds.

Lantronix Company Profile

Lantronix, Inc provides solutions for video surveillance, infotainment systems, and intelligent substations infrastructure in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT System Solutions, which provide wired and wireless connections that enhance the value and utility of modern electronic systems and equipment through secure network connectivity, power for IoT end devices through Power over Ethernet, application hosting, protocol conversion, media conversion, secure access for distributed IoT deployments, and various other functions; Embedded IoT Modules, such as application processing delivering compute to meet customer needs for data transformation, computer vision, machine learning, augmented/virtual reality, audio/video aggregation and distribution, and custom applications; and Software and Engineering Services offers SaaS platform that enables customers to deploy, monitor, manage, and automate across their global deployments through a single platform login.