Lantronix, Inc. (NASDAQ:LTRX) Receives $6.50 Average Price Target from Brokerages

Shares of Lantronix, Inc. (NASDAQ:LTRX - Get Free Report) have received a consensus rating of "Buy" from the five brokerages that are currently 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 covered the stock in the last year is $6.50.

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

Lantronix Stock Performance

Shares of Lantronix stock traded up $0.08 during trading on Friday, hitting $3.00. The stock had a trading volume of 251,461 shares, compared to its average volume of 611,624. Lantronix has a 12 month low of $2.48 and a 12 month high of $6.95. The firm's fifty day simple moving average is $3.60 and its 200-day simple moving average is $3.70. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.61 and a quick ratio of 1.78.

Lantronix (NASDAQ:LTRX - Get Free Report) last released its earnings results on Thursday, September 5th. The technology company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.02. Lantronix had a negative return on equity of 2.91% and a negative net margin of 3.17%. The business had revenue of $49.08 million during the quarter, compared to the consensus estimate of $49.10 million. As a group, equities analysts anticipate that Lantronix will post -0.07 earnings per share for the current year.

Insider Buying and Selling at Lantronix

In other Lantronix news, major shareholder Bernhard Bruscha sold 8,435 shares of the firm's stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $4.00, for a total value of $33,740.00. Following the completion of the transaction, the insider now owns 5,373,036 shares of the company's stock, valued at approximately $21,492,144. This trade represents a 0.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Saleel Awsare acquired 80,000 shares of the company's stock in a transaction dated Wednesday, November 13th. The shares were bought at an average cost of $2.66 per share, for a total transaction of $212,800.00. Following the completion of the acquisition, the chief executive officer now directly owns 233,184 shares of the company's stock, valued at approximately $620,269.44. The trade was a 52.22 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 85,065 shares of company stock worth $356,232 over the last three months. Corporate insiders own 1.60% of the company's stock.

Institutional Investors Weigh In On Lantronix

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its position in Lantronix by 10.3% during the 1st quarter. Vanguard Group Inc. now owns 1,402,989 shares of the technology company's stock worth $4,995,000 after buying an additional 131,476 shares during the last quarter. Acadian Asset Management LLC raised its holdings in shares of Lantronix by 89.3% during the second quarter. Acadian Asset Management LLC now owns 196,702 shares of the technology company's stock worth $697,000 after purchasing an additional 92,818 shares during the last quarter. American Century Companies Inc. lifted its position in Lantronix by 27.6% during 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. Herald Investment Management Ltd boosted its holdings in Lantronix by 17.6% in the second quarter. Herald Investment Management Ltd now owns 1,000,000 shares of the technology company's stock valued at $3,550,000 after purchasing an additional 150,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Lantronix by 18.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,022,193 shares of the technology company's stock worth $3,629,000 after purchasing an additional 159,671 shares during the period. Institutional investors and hedge funds own 39.38% of the company's stock.

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.