Lantronix, Inc. (NASDAQ:LTRX) Receives $6.00 Consensus Target Price from Brokerages

Shares of Lantronix, Inc. (NASDAQ:LTRX - Get Free Report) have been given an average recommendation of "Buy" by the five research firms that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a buy rating. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $6.00.

A number of research analysts recently issued reports on the stock. Canaccord Genuity Group dropped their target price on shares of Lantronix from $5.00 to $4.50 and set a "buy" rating on the stock in a research report on Friday, February 7th. Lake Street Capital dropped their price objective on shares of Lantronix from $6.00 to $5.00 and set a "buy" rating on the stock in a report on Friday, February 7th. StockNews.com downgraded Lantronix from a "strong-buy" rating to a "buy" rating in a research note on Monday, November 11th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $5.50 price target on shares of Lantronix in a report on Tuesday, January 21st.

Insider Buying and Selling

In related news, Director Hoshi Printer bought 15,000 shares of the business's stock in a transaction that occurred on Tuesday, November 26th. The shares were bought at an average price of $2.90 per share, with a total value of $43,500.00. Following the completion of the transaction, the director now directly owns 176,075 shares in the company, valued at approximately $510,617.50. This represents a 9.31 % 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. 1.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Lantronix

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wolverine Trading LLC bought a new position in shares of Lantronix during the 4th quarter worth approximately $95,000. Jefferies Financial Group Inc. increased its position in shares of Lantronix by 153.8% during the fourth quarter. Jefferies Financial Group Inc. now owns 82,500 shares of the technology company's stock valued at $340,000 after acquiring an additional 50,000 shares during the last quarter. Balyasny Asset Management L.P. bought a new stake in Lantronix during the fourth quarter worth $79,000. Ameriprise Financial Inc. boosted its position in Lantronix by 5.7% in the fourth quarter. Ameriprise Financial Inc. now owns 275,985 shares of the technology company's stock worth $1,137,000 after purchasing an additional 14,802 shares during the last quarter. Finally, Algert Global LLC grew its stake in Lantronix by 49.5% in the 4th quarter. Algert Global LLC now owns 27,728 shares of the technology company's stock valued at $114,000 after purchasing an additional 9,180 shares during the period. 39.38% of the stock is owned by hedge funds and other institutional investors.

Lantronix Trading Down 3.0 %

Shares of LTRX stock traded down $0.09 during mid-day trading on Friday, hitting $2.96. The company's stock had a trading volume of 420,367 shares, compared to its average volume of 309,048. The company has a market cap of $113.87 million, a PE ratio of -22.77 and a beta of 1.94. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.78 and a current ratio of 2.61. The company's fifty day simple moving average is $3.72 and its 200-day simple moving average is $3.66. Lantronix has a 52 week low of $2.48 and a 52 week high of $4.55.

Lantronix (NASDAQ:LTRX - Get Free Report) last issued its earnings results on Thursday, February 13th. The technology company reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.13). Lantronix had a negative return on equity of 2.60% and a negative net margin of 3.15%. As a group, equities research analysts expect that Lantronix will post -0.07 earnings per share 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.