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

Lantronix, Inc. (NASDAQ:LTRX - Get Free Report) has received a consensus recommendation of "Buy" from the five ratings firms that are covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy recommendation. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $6.50.

A number of analysts have weighed in on the company. Needham & Company LLC reduced their target price on Lantronix from $7.00 to $5.50 and set a "buy" rating on the stock in a research note on Monday, November 11th. Canaccord Genuity Group reduced their price target on shares of Lantronix from $7.50 to $5.00 and set a "buy" rating on the stock in a research note on Tuesday, November 12th. Finally, StockNews.com cut shares of Lantronix from a "strong-buy" rating to a "buy" rating in a research report on Monday, November 11th.

Insider Buying and Selling

In other Lantronix news, CEO Saleel Awsare acquired 80,000 shares of Lantronix stock in a transaction that occurred on Wednesday, November 13th. The stock was bought at an average price of $2.66 per share, with a total value of $212,800.00. Following the completion of the purchase, the chief executive officer now directly owns 233,184 shares of the company's stock, valued at approximately $620,269.44. This represents a 52.22 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Bernhard Bruscha sold 20,000 shares of the company's stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $4.08, for a total value of $81,600.00. Following the sale, the insider now owns 5,198,971 shares of the company's stock, valued at approximately $21,211,801.68. This represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Lantronix

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. ProShare Advisors LLC bought a new stake in shares of Lantronix in the 2nd quarter valued at about $42,000. Mackenzie Financial Corp acquired a new stake in Lantronix in the second quarter valued at approximately $50,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Lantronix in the third quarter worth $60,000. American Century Companies Inc. lifted its holdings in shares of Lantronix by 27.6% during the 2nd 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 last quarter. Finally, Barclays PLC lifted its holdings in shares of Lantronix by 235.9% during the 3rd quarter. Barclays PLC now owns 62,321 shares of the technology company's stock valued at $257,000 after purchasing an additional 43,770 shares during the last quarter. Hedge funds and other institutional investors own 39.38% of the company's stock.

Lantronix Trading Up 8.5 %

Shares of NASDAQ LTRX traded up $0.32 during midday trading on Thursday, hitting $4.10. The company's stock had a trading volume of 564,147 shares, compared to its average volume of 309,685. Lantronix has a 12-month low of $2.48 and a 12-month high of $6.95. The company has a current ratio of 2.61, a quick ratio of 1.78 and a debt-to-equity ratio of 0.16. The firm has a market cap of $157.75 million, a P/E ratio of -29.28 and a beta of 2.04. The business's 50 day moving average is $3.43 and its two-hundred day moving average is $3.65.

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.