Lantronix, Inc. (NASDAQ:LTRX) Receives Average Rating of “Buy” from Brokerages

Lantronix, Inc. (NASDAQ:LTRX) has been assigned a consensus recommendation of “Buy” from the four brokerages that are presently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $9.20.

Several equities analysts have recently weighed in on LTRX shares. Roth Mkm dropped their price objective on shares of Lantronix from $12.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, February 9th. Needham & Company LLC dropped their price objective on shares of Lantronix from $8.50 to $7.00 and set a “buy” rating on the stock in a research report on Tuesday, March 12th. Finally, StockNews.com raised shares of Lantronix from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 13th.

Lantronix Stock Performance

NASDAQ LTRX opened at $3.27 on Friday. The company has a current ratio of 2.08, a quick ratio of 1.19 and a debt-to-equity ratio of 0.19. The firm’s fifty day moving average price is $3.61 and its two-hundred day moving average price is $4.77. Lantronix has a 1 year low of $3.08 and a 1 year high of $6.95. The firm has a market capitalization of $122.56 million, a P/E ratio of -13.04 and a beta of 2.12.

Lantronix (NASDAQ:LTRX) last issued its quarterly earnings data 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). The company had revenue of $37.04 million during the quarter, compared to the consensus estimate of $37.20 million. Lantronix had a negative net margin of 6.67% and a negative return on equity of 11.89%. As a group, research analysts anticipate that Lantronix will post -0.04 EPS for the current year.

Insider Activity at Lantronix

In other Lantronix news, CEO Saleel Awsare purchased 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were acquired at an average cost of $3.91 per share, for a total transaction of $78,200.00. Following the completion of the purchase, the chief executive officer now owns 20,000 shares of the company’s stock, valued at approximately $78,200. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Lantronix news, major shareholder Bernhard Bruscha sold 9,409 shares of the stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $6.03, for a total transaction of $56,736.27. Following the sale, the insider now directly owns 5,406,471 shares in the company, valued at $32,601,020.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Saleel Awsare acquired 20,000 shares of Lantronix stock in a transaction 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 purchase, the chief executive officer now directly owns 20,000 shares of the company’s stock, valued at $78,200. The disclosure for this purchase can be found here. 17.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Lantronix

A number of large investors have recently bought and sold shares of LTRX. AMH Equity Ltd grew its stake in Lantronix by 16.0% during the fourth 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 in the last quarter. Wasatch Advisors LP grew its stake in Lantronix by 11.4% during the fourth 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 in the last quarter. Barclays PLC acquired a new stake in Lantronix during the third quarter worth about $176,000. Hillsdale Investment Management Inc. acquired a new stake in Lantronix during the fourth quarter worth about $148,000. Finally, Quadrature Capital Ltd acquired a new stake in Lantronix during the third quarter worth about $109,000. 39.38% of the stock is currently owned by institutional investors and hedge funds.

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.