James Nias Sells 556 Shares of nLight (NASDAQ:LASR) Stock

nLight (NASDAQ:LASR) CAO James Nias sold 556 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $33.78, for a total value of $18,781.68. Following the completion of the sale, the chief accounting officer owned 98,956 shares of the company’s stock, valued at approximately $3,342,733.68. The trade was a 0.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

James Nias also recently made the following trade(s):

• On Friday, November 21st, James Nias sold 1,200 shares of nLight stock. The shares were sold at an average price of $30.00, for a total value of $36,000.00.

nLight Trading Up 0.3%

Shares of NASDAQ:LASR opened at $36.44 on Friday. The stock has a 50 day moving average of $31.85 and a 200 day moving average of $25.64. The company has a market cap of $1.85 billion, a PE ratio of -41.41 and a beta of 2.34. The company has a current ratio of 5.63, a quick ratio of 4.36 and a debt-to-equity ratio of 0.09. nLight has a 12-month low of $6.20 and a 12-month high of $38.62.

Analysts Set New Price Targets

A number of analysts have recently issued reports on LASR shares. Weiss Ratings reissued a “sell (d-)” rating on shares of nLight in a research note on Wednesday, October 8th. Zacks Research raised nLight from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Cantor Fitzgerald upped their price objective on nLight from $33.50 to $40.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Stifel Nicolaus increased their target price on nLight from $26.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Finally, Needham & Company LLC lifted their target price on nLight from $32.00 to $39.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, nLight presently has a consensus rating of “Buy” and a consensus price target of $32.67.

Institutional Investors Weigh In On nLight

A number of hedge funds have recently made changes to their positions in the company. Assenagon Asset Management S.A. boosted its stake in nLight by 1.6% during the third quarter. Assenagon Asset Management S.A. now owns 22,301 shares of the company’s stock valued at $661,000 after buying an additional 357 shares during the last quarter. Ameritas Investment Partners Inc. raised its holdings in shares of nLight by 12.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,911 shares of the company’s stock worth $97,000 after acquiring an additional 561 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of nLight by 4.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,988 shares of the company’s stock valued at $354,000 after acquiring an additional 723 shares during the last quarter. GAMMA Investing LLC increased its position in nLight by 147.6% in the second quarter. GAMMA Investing LLC now owns 1,550 shares of the company’s stock worth $31,000 after purchasing an additional 924 shares during the last quarter. Finally, Larson Financial Group LLC raised its stake in nLight by 45.5% during the third quarter. Larson Financial Group LLC now owns 3,488 shares of the company’s stock valued at $103,000 after purchasing an additional 1,091 shares in the last quarter. 83.88% of the stock is currently owned by hedge funds and other institutional investors.

About nLight

nLIGHT, Inc designs, develops, manufactures, and sells semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. The company operates in two segments, Laser Products and Advanced Development. It offers semiconductor lasers with various ranges of power levels, wavelengths, and output fiber sizes; and programmable and serviceable fiber lasers for use in industrial and aerospace and defense applications.