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

Shares of Lantronix, Inc. (NASDAQ:LTRX - Get Free Report) have received an average recommendation of "Buy" from the five brokerages that are currently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy rating. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $6.00.

LTRX has been the topic of several analyst reports. Needham & Company LLC reiterated a "buy" rating and set a $5.50 price target on shares of Lantronix in a research note on Tuesday, January 21st. Lake Street Capital cut their target price on shares of Lantronix from $6.00 to $5.00 and set a "buy" rating for the company in a research note on Friday, February 7th. Finally, Canaccord Genuity Group reduced their target price on Lantronix from $5.00 to $4.50 and set a "buy" rating on the stock in a report on Friday, February 7th.

Lantronix Trading Down 1.0 %

Shares of NASDAQ LTRX traded down $0.02 during trading hours on Friday, hitting $1.99. The company's stock had a trading volume of 212,411 shares, compared to its average volume of 324,451. The business has a 50-day simple moving average of $2.91 and a 200-day simple moving average of $3.39. The stock has a market cap of $77.19 million, a price-to-earnings ratio of -15.31 and a beta of 1.82. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.69 and a current ratio of 2.56. Lantronix has a 12 month low of $1.92 and a 12 month high of $4.55.

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Lantronix (NASDAQ:LTRX - Get Free Report) last released its earnings results on Thursday, February 13th. The technology company reported ($0.06) earnings per share (EPS) 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 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Kevin S. Palatnik purchased 20,000 shares of the firm's stock in a transaction dated Friday, February 28th. The stock was purchased at an average price of $2.54 per share, with a total value of $50,800.00. Following the completion of the purchase, the director now owns 20,000 shares of the company's stock, valued at approximately $50,800. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Hoshi Printer acquired 15,000 shares of Lantronix stock in a transaction on Wednesday, March 5th. The shares were purchased at an average price of $2.70 per share, for a total transaction of $40,500.00. Following the completion of the acquisition, the director now directly owns 191,425 shares in the company, valued at $516,847.50. This trade represents a 8.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 50,000 shares of company stock valued at $129,250. 1.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its holdings in Lantronix by 16.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,323,971 shares of the technology company's stock worth $5,455,000 after purchasing an additional 186,479 shares in the last quarter. Truffle Hound Capital LLC purchased a new position in shares of Lantronix in the 4th quarter worth approximately $4,120,000. Marshall Wace LLP grew its position in shares of Lantronix by 16.5% in the 4th quarter. Marshall Wace LLP now owns 483,868 shares of the technology company's stock worth $1,994,000 after buying an additional 68,669 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Lantronix by 3.2% during the 3rd quarter. Geode Capital Management LLC now owns 338,202 shares of the technology company's stock worth $1,394,000 after acquiring an additional 10,413 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in Lantronix by 3.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 284,108 shares of the technology company's stock valued at $1,171,000 after acquiring an additional 8,992 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.