Lantronix, Inc. (NASDAQ:LTRX) Director Jason Cohenour Purchases 21,000 Shares

Lantronix, Inc. (NASDAQ:LTRX) Director Jason Cohenour purchased 21,000 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was bought at an average price of $3.63 per share, with a total value of $76,230.00. Following the acquisition, the director now directly owns 33,909 shares in the company, valued at $123,089.67. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Lantronix Stock Up 7.1 %

NASDAQ:LTRX traded up $0.26 during trading hours on Monday, hitting $3.90. 249,700 shares of the company’s stock traded hands, compared to its average volume of 307,644. The stock’s fifty day moving average price is $3.54 and its two-hundred day moving average price is $4.74. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.32 and a current ratio of 2.25. Lantronix, Inc. has a twelve month low of $3.08 and a twelve month high of $6.95. The firm has a market cap of $146.56 million, a P/E ratio of -22.11 and a beta of 2.05.

Lantronix (NASDAQ:LTRX) last released its quarterly earnings results on Thursday, February 8th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.06). The firm had revenue of $37.04 million for the quarter, compared to the consensus estimate of $37.20 million. Lantronix had a negative net margin of 4.48% and a negative return on equity of 8.47%. On average, research analysts expect that Lantronix, Inc. will post -0.06 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lantronix

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AMH Equity Ltd grew its stake in shares of Lantronix by 13.9% in the third quarter. AMH Equity Ltd now owns 1,138,682 shares of the technology company’s stock valued at $5,067,000 after buying an additional 138,682 shares in the last quarter. Jump Financial LLC bought a new stake in shares of Lantronix during the third quarter worth approximately $66,000. Barclays PLC acquired a new position in shares of Lantronix in the third quarter valued at approximately $176,000. Algert Global LLC bought a new position in shares of Lantronix during the third quarter worth approximately $50,000. Finally, Quadrature Capital Ltd bought a new position in Lantronix during the 3rd quarter worth $109,000. Institutional investors own 39.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on LTRX shares. Needham & Company LLC reissued a “buy” rating and set a $7.00 price target on shares of Lantronix in a research note on Tuesday, April 30th. Lake Street Capital dropped their price objective on shares of Lantronix from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Tuesday, April 30th. StockNews.com raised Lantronix from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 13th. Roth Mkm reissued a “buy” rating and set a $9.00 price target on shares of Lantronix in a research report on Tuesday, April 30th. Finally, Craig Hallum reduced their price objective on shares of Lantronix from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Tuesday, April 30th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $8.50.

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.