Lantronix, Inc. (NASDAQ:LTRX) Receives $7.30 Consensus Target Price from Analysts

Shares of Lantronix, Inc. (NASDAQ:LTRX - Get Free Report) have been given an average recommendation of "Buy" by the five brokerages that are currently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a buy rating. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $7.30.

Several research firms recently weighed in on LTRX. StockNews.com raised Lantronix from a "buy" rating to a "strong-buy" rating in a research note on Saturday, October 12th. Needham & Company LLC reiterated a "buy" rating and set a $7.00 target price on shares of Lantronix in a report on Friday, September 6th. Finally, Canaccord Genuity Group began coverage on Lantronix in a report on Wednesday, September 11th. They set a "buy" rating and a $7.50 target price on the stock.

Insider Buying and Selling at Lantronix

In other news, major shareholder Bernhard Bruscha sold 8,435 shares of the firm's stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $4.00, for a total transaction of $33,740.00. Following the sale, the insider now owns 5,373,036 shares in the company, valued at $21,492,144. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders have sold 85,065 shares of company stock worth $356,232. 1.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Lantronix

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Lantronix by 10.3% during the first quarter. Vanguard Group Inc. now owns 1,402,989 shares of the technology company's stock worth $4,995,000 after purchasing an additional 131,476 shares during the last quarter. Dimensional Fund Advisors LP boosted 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 purchasing an additional 159,671 shares during the last quarter. Herald Investment Management Ltd boosted 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 purchasing an additional 150,000 shares during the last quarter. AWM Investment Company Inc. boosted its holdings in shares of Lantronix by 29.8% during the first quarter. AWM Investment Company Inc. now owns 989,307 shares of the technology company's stock worth $3,522,000 after purchasing an additional 227,374 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its holdings in shares of Lantronix by 65.0% during the second quarter. First Eagle Investment Management LLC now owns 855,234 shares of the technology company's stock worth $3,036,000 after purchasing an additional 336,781 shares during the last quarter. Institutional investors and hedge funds own 39.38% of the company's stock.

Lantronix Stock Performance

Shares of LTRX stock traded up $0.06 during trading hours on Wednesday, reaching $3.82. 237,259 shares of the company's stock were exchanged, compared to its average volume of 271,475. The company has a market cap of $145.54 million, a P/E ratio of -31.33 and a beta of 2.14. The company's 50 day moving average is $3.94 and its two-hundred day moving average is $3.78. Lantronix has a 1 year low of $3.08 and a 1 year high of $6.95. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.95 and a quick ratio of 2.03.

Lantronix (NASDAQ:LTRX - Get Free Report) last issued its earnings results on Thursday, September 5th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.02. The business had revenue of $49.08 million during the quarter, compared to the consensus estimate of $49.10 million. Lantronix had a negative return on equity of 2.14% and a negative net margin of 2.82%. Equities research analysts anticipate that Lantronix will post -0.01 EPS for the current fiscal year.

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.