Lantronix (NASDAQ:LTRX) Given New $5.00 Price Target at Lake Street Capital

Lantronix (NASDAQ:LTRX - Free Report) had its target price decreased by Lake Street Capital from $6.00 to $5.00 in a report published on Friday,Benzinga reports. Lake Street Capital currently has a buy rating on the technology company's stock.

LTRX has been the subject of a number of other reports. Needham & Company LLC reiterated a "buy" rating and set a $5.50 price target on shares of Lantronix in a research report on Tuesday, January 21st. Canaccord Genuity Group dropped their price target on Lantronix from $5.00 to $4.50 and set a "buy" rating for the company in a research report on Friday. Finally, StockNews.com downgraded Lantronix from a "strong-buy" rating to a "buy" rating in a research report on Monday, November 11th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Lantronix currently has an average rating of "Buy" and an average price target of $6.00.

Lantronix Trading Down 3.5 %

LTRX stock traded down $0.11 during midday trading on Friday, hitting $3.01. 643,911 shares of the company's stock were exchanged, compared to its average volume of 450,241. The business has a 50-day simple moving average of $3.74 and a two-hundred day simple moving average of $3.68. The company has a current ratio of 2.61, a quick ratio of 1.78 and a debt-to-equity ratio of 0.16. Lantronix has a 1-year low of $2.48 and a 1-year high of $4.55. The stock has a market capitalization of $115.79 million, a PE ratio of -23.15 and a beta of 1.94.

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 (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.13). Lantronix had a negative return on equity of 2.60% and a negative net margin of 3.15%. On average, sell-side analysts predict that Lantronix will post -0.07 EPS for the current fiscal year.

Insider Buying and Selling at Lantronix

In related news, Director Hoshi Printer purchased 15,000 shares of Lantronix stock in a transaction dated Tuesday, November 26th. The shares were acquired 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 owns 176,075 shares of the company's stock, valued at approximately $510,617.50. This trade represents a 9.31 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Saleel Awsare bought 80,000 shares of the firm's stock in a transaction dated Wednesday, November 13th. The stock was purchased at an average price of $2.66 per share, with a total value of $212,800.00. Following the transaction, the chief executive officer now owns 233,184 shares in the company, valued at approximately $620,269.44. This represents a 52.22 % increase in their position. The disclosure for this purchase can be found here. 1.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Lantronix

Several hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its stake in Lantronix by 18.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,022,193 shares of the technology company's stock valued at $3,629,000 after buying an additional 159,671 shares in the last quarter. Truffle Hound Capital LLC bought a new position in shares of Lantronix during the 4th quarter valued at about $4,120,000. Geode Capital Management LLC grew its stake in shares of Lantronix by 3.2% in the 3rd quarter. Geode Capital Management LLC now owns 338,202 shares of the technology company's stock worth $1,394,000 after purchasing an additional 10,413 shares during the last quarter. Walleye Capital LLC raised its holdings in shares of Lantronix by 61.9% in the 3rd quarter. Walleye Capital LLC now owns 71,467 shares of the technology company's stock worth $294,000 after purchasing an additional 27,325 shares in the last quarter. Finally, Barclays PLC lifted its stake in Lantronix by 235.9% during the third 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. Institutional investors 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.