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

Lantronix, Inc. (NASDAQ:LTRX - Get Free Report) Director Hoshi Printer acquired 15,000 shares of the company's stock in a transaction dated Wednesday, March 5th. The stock was purchased at an average cost of $2.70 per share, for a total transaction of $40,500.00. Following the purchase, the director now directly owns 191,425 shares in the company, valued at approximately $516,847.50. This represents a 8.50 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available through this link.

Lantronix Price Performance

Shares of NASDAQ LTRX traded up $0.07 during mid-day trading on Friday, reaching $2.81. The company had a trading volume of 302,322 shares, compared to its average volume of 443,473. Lantronix, Inc. has a 1-year low of $2.48 and a 1-year high of $4.55. The company has a current ratio of 2.56, a quick ratio of 1.69 and a debt-to-equity ratio of 0.15. The stock has a market cap of $109.00 million, a PE ratio of -21.62 and a beta of 2.00. The company has a 50-day moving average price of $3.47 and a two-hundred day moving average price of $3.58.

Lantronix (NASDAQ:LTRX - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.13). Lantronix had a negative net margin of 3.15% and a negative return on equity of 2.62%. On average, equities analysts anticipate that Lantronix, Inc. will post -0.23 earnings per share for the current year.

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Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LTRX. Walleye Capital LLC raised its position in Lantronix by 61.9% during the third quarter. Walleye Capital LLC now owns 71,467 shares of the technology company's stock valued at $294,000 after buying an additional 27,325 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in Lantronix during the third quarter valued at $60,000. Barclays PLC increased its position in Lantronix by 235.9% in the 3rd quarter. Barclays PLC now owns 62,321 shares of the technology company's stock worth $257,000 after purchasing an additional 43,770 shares during the last quarter. Geode Capital Management LLC increased its position in Lantronix by 3.2% in the 3rd quarter. Geode Capital Management LLC now owns 338,202 shares of the technology company's stock worth $1,394,000 after purchasing an additional 10,413 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Lantronix by 84.4% in the 4th quarter. Bank of New York Mellon Corp now owns 41,502 shares of the technology company's stock worth $171,000 after purchasing an additional 18,996 shares during the last quarter. 39.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LTRX. Lake Street Capital dropped their price objective on Lantronix from $6.00 to $5.00 and set a "buy" rating on the stock in a research note on Friday, February 7th. Needham & Company LLC restated a "buy" rating and issued a $5.50 target price on shares of Lantronix in a report on Tuesday, January 21st. StockNews.com cut Lantronix from a "strong-buy" rating to a "buy" rating in a report on Monday, November 11th. Finally, Canaccord Genuity Group decreased their target price on Lantronix from $5.00 to $4.50 and set a "buy" rating on the stock in a report on Friday, February 7th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $6.00.

About Lantronix

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.