Lantronix’s (LTRX) “Buy” Rating Reiterated at Roth Mkm

Lantronix (NASDAQ:LTRX)‘s stock had its “buy” rating restated by investment analysts at Roth Mkm in a report issued on Tuesday, Benzinga reports. They presently have a $9.00 target price on the technology company’s stock. Roth Mkm’s target price would suggest a potential upside of 160.12% from the stock’s previous close.

A number of other equities analysts also recently commented on the company. Needham & Company LLC decreased their target price on Lantronix from $8.50 to $7.00 and set a “buy” rating for the company in a report on Tuesday, March 12th. StockNews.com raised shares of Lantronix from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 13th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $9.20.

Lantronix Trading Up 5.8 %

Shares of LTRX opened at $3.46 on Tuesday. The firm has a fifty day simple moving average of $3.57 and a two-hundred day simple moving average of $4.77. Lantronix has a twelve month low of $3.08 and a twelve month high of $6.95. The stock has a market capitalization of $129.68 million, a P/E ratio of -13.84 and a beta of 2.12. The company has a quick ratio of 1.19, a current ratio of 2.08 and a debt-to-equity ratio of 0.19.

Lantronix (NASDAQ:LTRX) last posted its earnings results on Thursday, February 8th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.06). Lantronix had a negative return on equity of 11.89% and a negative net margin of 6.67%. The business had revenue of $37.04 million during the quarter, compared to the consensus estimate of $37.20 million. On average, research analysts anticipate that Lantronix will post -0.04 EPS for the current year.

Insider Activity

In other news, major shareholder Bernhard Bruscha sold 9,409 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $6.03, for a total transaction of $56,736.27. Following the transaction, the insider now directly owns 5,406,471 shares of the company’s stock, valued at approximately $32,601,020.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, major shareholder Bernhard Bruscha sold 9,409 shares of the stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $6.03, for a total value of $56,736.27. Following the transaction, the insider now owns 5,406,471 shares in the company, valued at approximately $32,601,020.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Philip G. Brace bought 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were acquired at an average price of $3.95 per share, with a total value of $59,250.00. Following the completion of the transaction, the director now directly owns 27,000 shares of the company’s stock, valued at approximately $106,650. The disclosure for this purchase can be found here. 17.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lantronix

A number of institutional investors have recently bought and sold shares of LTRX. Citigroup Inc. bought a new stake in Lantronix during the third quarter valued at about $35,000. Algert Global LLC purchased a new position in shares of Lantronix during the 3rd quarter valued at about $50,000. Jump Financial LLC bought a new position in shares of Lantronix during the 3rd quarter valued at approximately $66,000. Quadrature Capital Ltd purchased a new stake in Lantronix in the 3rd quarter worth approximately $109,000. Finally, Hillsdale Investment Management Inc. bought a new stake in Lantronix during the 4th quarter worth approximately $148,000. 39.38% of the stock is 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.