HC Wainwright Reaffirms Buy Rating for LightPath Technologies (NASDAQ:LPTH)

HC Wainwright restated their buy rating on shares of LightPath Technologies (NASDAQ:LPTH) in a report released on Tuesday,Benzinga reports. They currently have a $5.00 price objective 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.

LPTH has been the topic of a number of other research reports. LADENBURG THALM/SH SH increased their price objective on shares of LightPath Technologies from $3.00 to $5.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. StockNews.com downgraded shares of LightPath Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, January 4th. Finally, Lake Street Capital increased their price target on shares of LightPath Technologies from $3.00 to $4.00 and gave the company a “buy” rating in a research report on Friday, December 27th.

LightPath Technologies Price Performance

NASDAQ:LPTH opened at $2.53 on Tuesday. The stock has a market cap of $101.60 million, a P/E ratio of -10.54 and a beta of 1.01. LightPath Technologies has a one year low of $1.04 and a one year high of $4.42. The company has a fifty day moving average price of $3.15 and a 200 day moving average price of $2.06. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.53 and a quick ratio of 0.90.

LightPath Technologies (NASDAQ:LPTH) last announced its quarterly 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 business had revenue of $7.43 million during the quarter, compared to the consensus estimate of $8.28 million. LightPath Technologies had a negative net margin of 28.57% and a negative return on equity of 31.13%. Analysts anticipate that LightPath Technologies will post -0.15 earnings per share for the current year.

Hedge Funds Weigh In On LightPath Technologies

Several hedge funds have recently made changes to their positions in the business. Murphy Pohlad Asset Management LLC grew its stake in shares of 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 buying an additional 12,600 shares in the last quarter. Wealth Effects LLC acquired a new stake in shares of LightPath Technologies during the fourth quarter worth $164,000. Crewe Advisors LLC acquired a new stake in shares of LightPath Technologies during the fourth quarter worth $28,000. Legato Capital Management LLC acquired a new stake in shares of LightPath Technologies during the fourth quarter worth $83,000. Finally, J.W. Cole Advisors Inc. acquired a new position in LightPath Technologies in the fourth quarter valued at about $87,000. 56.29% of the stock is 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.