Lantronix, Inc. (NASDAQ:LTRX) Receives $6.00 Average PT from Brokerages

Shares of Lantronix, Inc. (NASDAQ:LTRX - Get Free Report) have received an average recommendation of "Buy" from the five research firms that are currently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $6.00.

A number of brokerages have recently issued reports on LTRX. Lake Street Capital lowered their price objective on Lantronix from $6.00 to $5.00 and set a "buy" rating for the company in a research report on Friday, February 7th. Canaccord Genuity Group lowered their price objective on Lantronix from $5.00 to $4.50 and set a "buy" rating for the company in a research report on Friday, February 7th. Finally, Needham & Company LLC restated a "buy" rating and set a $5.50 price objective on shares of Lantronix in a research report on Tuesday, January 21st.

Lantronix Price Performance

NASDAQ:LTRX traded down $0.09 during trading hours on Tuesday, hitting $2.60. The company's stock had a trading volume of 190,381 shares, compared to its average volume of 426,739. The stock has a fifty day simple moving average of $3.38 and a 200-day simple moving average of $3.56. The company has a market capitalization of $100.85 million, a P/E ratio of -20.00 and a beta of 2.00. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.56 and a quick ratio of 1.69. Lantronix has a twelve month low of $2.48 and a twelve month high of $4.55.

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Lantronix (NASDAQ:LTRX - Get Free Report) last released its quarterly earnings data 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, analysts anticipate that Lantronix will post -0.23 EPS for the current fiscal year.

Insider Activity

In related news, CEO Saleel Awsare bought 15,000 shares of the business's stock in a transaction that occurred on Friday, February 28th. The shares were bought at an average price of $2.53 per share, with a total value of $37,950.00. Following the completion of the transaction, the chief executive officer now directly owns 253,380 shares in the company, valued at approximately $641,051.40. This represents a 6.29 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kevin S. Palatnik bought 20,000 shares of the business's stock in a transaction that occurred on Friday, February 28th. The shares were bought at an average cost of $2.54 per share, for a total transaction of $50,800.00. Following the transaction, the director now owns 20,000 shares of the company's stock, valued at $50,800. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 50,000 shares of company stock worth $129,250 over the last quarter. 1.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Amundi purchased a new position in shares of Lantronix during the fourth quarter valued at approximately $42,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Lantronix during the third quarter valued at approximately $60,000. Balyasny Asset Management L.P. purchased a new position in shares of Lantronix during the fourth quarter valued at approximately $79,000. Wolverine Trading LLC purchased a new position in shares of Lantronix during the fourth quarter valued at approximately $95,000. Finally, Algert Global LLC boosted its position in shares of Lantronix by 49.5% during the fourth quarter. Algert Global LLC now owns 27,728 shares of the technology company's stock valued at $114,000 after buying an additional 9,180 shares during the last quarter. Hedge funds and other institutional investors own 39.38% of the company's stock.

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.