Q4 2024 EPS Estimates for Lantronix, Inc. Decreased by Analyst (NASDAQ:LTRX)

Lantronix, Inc. (NASDAQ:LTRX) – Investment analysts at Roth Capital decreased their Q4 2024 earnings estimates for Lantronix in a research note issued to investors on Monday, April 29th. Roth Capital analyst S. Searle now forecasts that the technology company will earn $0.07 per share for the quarter, down from their previous forecast of $0.09. The consensus estimate for Lantronix’s current full-year earnings is ($0.04) per share.

Lantronix (NASDAQ:LTRX) last announced its earnings results on Thursday, February 8th. The technology company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.06). Lantronix had a negative return on equity of 8.50% and a negative net margin of 4.48%. The business had revenue of $37.04 million for the quarter, compared to analyst estimates of $37.20 million.

LTRX has been the subject of several other reports. StockNews.com raised shares of Lantronix from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 13th. Lake Street Capital cut their price target on shares of Lantronix from $8.00 to $7.00 and set a “buy” rating for the company in a report on Tuesday. Craig Hallum cut their price target on shares of Lantronix from $7.00 to $6.00 and set a “buy” rating for the company in a report on Tuesday. Roth Mkm reissued a “buy” rating and set a $9.00 price target on shares of Lantronix in a report on Tuesday. Finally, Needham & Company LLC reissued a “buy” rating and set a $7.00 price target on shares of Lantronix in a report on Tuesday. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $8.50.

Lantronix Trading Down 1.9 %

Shares of LTRX opened at $3.69 on Thursday. Lantronix has a fifty-two week low of $3.08 and a fifty-two week high of $6.95. The firm has a 50-day simple moving average of $3.56 and a 200-day simple moving average of $4.75. The company has a current ratio of 2.08, a quick ratio of 1.19 and a debt-to-equity ratio of 0.19.

Hedge Funds Weigh In On Lantronix

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Wasatch Advisors LP increased its stake in Lantronix by 11.4% during the 4th quarter. Wasatch Advisors LP now owns 1,622,343 shares of the technology company’s stock worth $9,507,000 after buying an additional 165,711 shares during the period. AMH Equity Ltd increased its stake in Lantronix by 16.0% during the 4th quarter. AMH Equity Ltd now owns 1,321,234 shares of the technology company’s stock worth $7,742,000 after buying an additional 182,552 shares during the period. First Eagle Investment Management LLC increased its stake in Lantronix by 4.8% during the 4th quarter. First Eagle Investment Management LLC now owns 533,353 shares of the technology company’s stock worth $3,125,000 after buying an additional 24,250 shares during the period. Barclays PLC purchased a new stake in Lantronix during the 3rd quarter worth $176,000. Finally, Jump Financial LLC increased its stake in Lantronix by 115.4% during the 4th quarter. Jump Financial LLC now owns 31,990 shares of the technology company’s stock worth $187,000 after buying an additional 17,138 shares during the period. Institutional investors and hedge funds own 39.38% of the company’s stock.

Insider Transactions at Lantronix

In other news, CEO Saleel Awsare bought 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were purchased at an average price of $3.91 per share, for a total transaction of $78,200.00. Following the completion of the transaction, the chief executive officer now owns 20,000 shares in the company, valued at $78,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Philip G. Brace purchased 15,000 shares of the firm’s stock in a transaction on Tuesday, February 13th. The shares were bought at an average price of $3.95 per share, for a total transaction of $59,250.00. Following the acquisition, the director now directly owns 27,000 shares in the company, valued at $106,650. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Saleel Awsare purchased 20,000 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was bought at an average price of $3.91 per share, for a total transaction of $78,200.00. Following the acquisition, the chief executive officer now owns 20,000 shares in the company, valued at $78,200. The disclosure for this purchase can be found here. Corporate insiders own 17.30% of the company’s stock.

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.