Lantronix (NASDAQ:LTRX) Upgraded by StockNews.com to Strong-Buy

Lantronix (NASDAQ:LTRX - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a research report issued on Saturday.

LTRX has been the topic of several other research reports. Roth Mkm reaffirmed a "buy" rating and issued a $9.00 target price on shares of Lantronix in a research report on Monday, June 17th. Needham & Company LLC reiterated a "buy" rating and set a $7.00 price objective on shares of Lantronix in a research report on Friday, September 6th. Finally, Canaccord Genuity Group started coverage on shares of Lantronix in a research report on Wednesday, September 11th. They issued a "buy" rating and a $7.50 target price for the company. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $7.30.

Lantronix Stock Performance

NASDAQ LTRX traded up $0.21 during trading on Friday, reaching $4.01. 282,823 shares of the company's stock were exchanged, compared to its average volume of 278,591. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.95 and a quick ratio of 2.03. The business has a 50 day moving average price of $3.78 and a 200-day moving average price of $3.69. The stock has a market capitalization of $150.51 million, a P/E ratio of -22.25 and a beta of 2.13. Lantronix has a fifty-two week low of $3.08 and a fifty-two week high of $6.95.

Lantronix (NASDAQ:LTRX - Get Free Report) last posted its earnings results on Thursday, September 5th. The technology company reported $0.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.02. Lantronix had a negative return on equity of 2.14% and a negative net margin of 2.82%. The business had revenue of $49.08 million for the quarter, compared to analyst estimates of $49.10 million. Sell-side analysts forecast that Lantronix will post -0.01 earnings per share for the current fiscal year.

Insider Activity at Lantronix

In other Lantronix news, major shareholder Bernhard Bruscha sold 25,000 shares of the stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $4.17, for a total transaction of $104,250.00. Following the sale, the insider now directly owns 5,218,971 shares in the company, valued at $21,763,109.07. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold a total of 89,014 shares of company stock valued at $371,386 over the last quarter. 17.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lantronix

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Essex Investment Management Co. LLC raised its holdings in shares of Lantronix by 1.6% during the 1st quarter. Essex Investment Management Co. LLC now owns 404,158 shares of the technology company's stock worth $1,439,000 after buying an additional 6,171 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Lantronix in the first quarter worth about $55,000. Vanguard Group Inc. boosted its stake in shares of Lantronix by 10.3% in the 1st quarter. Vanguard Group Inc. now owns 1,402,989 shares of the technology company's stock valued at $4,995,000 after purchasing an additional 131,476 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Lantronix in the 1st quarter valued at approximately $369,000. Finally, Heron Bay Capital Management bought a new stake in shares of Lantronix during the 1st quarter valued at approximately $226,000. 39.38% of the stock is currently owned by institutional investors.

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.