Lantronix, Inc. (NASDAQ:LTRX) Given Consensus Recommendation of "Buy" by Analysts

Lantronix, Inc. (NASDAQ:LTRX - Get Free Report) has been given an average recommendation of "Buy" by the five research firms that are covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a buy recommendation. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $6.50.

LTRX has been the topic of a number of recent analyst reports. Canaccord Genuity Group reduced their price objective on shares of Lantronix from $7.50 to $5.00 and set a "buy" rating on the stock in a research report on Tuesday, November 12th. StockNews.com lowered Lantronix from a "strong-buy" rating to a "buy" rating in a research note on Monday, November 11th. Finally, Needham & Company LLC cut their price objective on Lantronix from $7.00 to $5.50 and set a "buy" rating on the stock in a research report on Monday, November 11th.

Lantronix Price Performance

Lantronix stock traded down $0.03 during mid-day trading on Monday, reaching $3.51. 120,504 shares of the company's stock traded hands, compared to its average volume of 363,496. Lantronix has a 12-month low of $2.48 and a 12-month high of $6.90. The company has a quick ratio of 1.78, a current ratio of 2.61 and a debt-to-equity ratio of 0.16. The stock has a 50 day moving average of $3.43 and a two-hundred day moving average of $3.69. The company has a market cap of $135.03 million, a price-to-earnings ratio of -25.07 and a beta of 1.94.

Insider Activity

In other news, Director Hoshi Printer purchased 15,000 shares of the company's stock in a transaction on Tuesday, November 26th. The shares were acquired at an average price of $2.90 per share, for a total transaction of $43,500.00. Following the purchase, the director now owns 176,075 shares in the company, valued at $510,617.50. This trade represents a 9.31 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Saleel Awsare bought 80,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 13th. The shares were purchased at an average cost of $2.66 per share, with a total value of $212,800.00. Following the acquisition, the chief executive officer now directly owns 233,184 shares of the company's stock, valued at approximately $620,269.44. This trade represents a 52.22 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.60% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. ProShare Advisors LLC acquired a new position in shares of Lantronix in the second quarter worth about $42,000. Mackenzie Financial Corp acquired a new position in Lantronix in the 2nd quarter worth about $50,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Lantronix during the third quarter worth approximately $60,000. American Century Companies Inc. grew its holdings in Lantronix by 27.6% in the second quarter. American Century Companies Inc. now owns 26,319 shares of the technology company's stock valued at $93,000 after purchasing an additional 5,693 shares during the period. Finally, Barclays PLC increased its position in shares of Lantronix by 235.9% in the third quarter. Barclays PLC now owns 62,321 shares of the technology company's stock valued at $257,000 after buying an additional 43,770 shares in the last quarter. 39.38% of the stock is owned by institutional investors and hedge funds.

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.