LightPath Technologies' (LPTH) Buy Rating Reiterated at HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of LightPath Technologies (NASDAQ:LPTH - Free Report) in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a $5.00 price target on the technology company's stock. HC Wainwright also issued estimates for LightPath Technologies' FY2025 earnings at ($0.19) EPS and FY2026 earnings at ($0.08) EPS.

Several other analysts have also weighed in on LPTH. Lake Street Capital raised their price objective on LightPath Technologies from $3.00 to $4.00 and gave the company a "buy" rating in a research note on Friday, December 27th. LADENBURG THALM/SH SH raised their price objective on LightPath Technologies from $3.00 to $5.00 and gave the company a "buy" rating in a research note on Thursday, January 2nd. Finally, StockNews.com lowered LightPath Technologies from a "hold" rating to a "sell" rating in a research note on Saturday, January 4th.

LightPath Technologies Price Performance

Shares of LPTH traded down $0.09 during trading hours on Tuesday, hitting $2.44. 234,280 shares of the company were exchanged, compared to its average volume of 349,836. The company has a market cap of $97.99 million, a price-to-earnings ratio of -10.17 and a beta of 1.01. LightPath Technologies has a fifty-two week low of $1.04 and a fifty-two week high of $4.42. The company has a quick ratio of 0.90, a current ratio of 1.53 and a debt-to-equity ratio of 0.03. The firm's fifty day moving average is $3.15 and its 200 day moving average is $2.07.

Remove Ads

LightPath Technologies (NASDAQ:LPTH - Get Free Report) last released its earnings results on Thursday, February 13th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.03). The company had revenue of $7.43 million for the quarter, compared to analyst estimates of $8.28 million. LightPath Technologies had a negative return on equity of 31.13% and a negative net margin of 28.57%. On average, equities analysts anticipate that LightPath Technologies will post -0.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On LightPath Technologies

Large investors have recently bought and sold shares of the company. Legato Capital Management LLC bought a new position in shares of LightPath Technologies during the fourth quarter worth about $83,000. J.W. Cole Advisors Inc. bought a new stake in LightPath Technologies in the fourth quarter worth approximately $87,000. Murphy Pohlad Asset Management LLC grew its stake in LightPath Technologies by 22.3% in the third quarter. Murphy Pohlad Asset Management LLC now owns 69,100 shares of the technology company's stock valued at $95,000 after acquiring an additional 12,600 shares during the period. Crewe Advisors LLC acquired a new stake in LightPath Technologies in the fourth quarter valued at approximately $28,000. Finally, Wealth Effects LLC acquired a new stake in LightPath Technologies in the fourth quarter valued at approximately $164,000. 56.29% of the stock is currently owned by institutional investors.

About LightPath Technologies

LightPath Technologies, Inc designs, develops, manufactures, and distributes optical components and assemblies. The company offers precision molded glass aspheric optics, molded and diamond-turned infrared aspheric lenses, and other optical components used to produce products that manipulate light; and infrared products, including catalog and custom infrared optics.