LightPath Technologies, Inc. (NASDAQ:LPTH) Receives $10.13 Consensus Price Target from Brokerages

LightPath Technologies, Inc. (NASDAQ:LPTH) has earned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $10.1250.

A number of analysts have recently weighed in on the stock. HC Wainwright raised their price target on shares of LightPath Technologies from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, November 12th. Lake Street Capital raised their price objective on shares of LightPath Technologies from $10.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of LightPath Technologies in a research report on Wednesday, October 8th. LADENBURG THALM/SH SH raised shares of LightPath Technologies to a “strong-buy” rating in a research report on Thursday, December 18th. Finally, Wall Street Zen upgraded LightPath Technologies from a “sell” rating to a “hold” rating in a research note on Sunday, December 21st.

Insiders Place Their Bets

In other LightPath Technologies news, Director Run Strategic Opportunit North sold 770,321 shares of the business’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $11.72, for a total transaction of $9,028,162.12. Following the completion of the transaction, the director directly owned 2,728,968 shares of the company’s stock, valued at $31,983,504.96. The trade was a 22.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 24.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On LightPath Technologies

Hedge funds have recently modified their holdings of the company. Marathon Capital Management acquired a new position in LightPath Technologies in the second quarter worth approximately $54,000. J.W. Cole Advisors Inc. bought a new stake in shares of LightPath Technologies during the 2nd quarter worth $79,000. Occudo Quantitative Strategies LP acquired a new position in shares of LightPath Technologies in the 3rd quarter worth $82,000. Hudson Bay Capital Management LP acquired a new position in shares of LightPath Technologies in the 3rd quarter worth $84,000. Finally, Wexford Capital LP acquired a new stake in shares of LightPath Technologies during the third quarter worth $88,000. 56.29% of the stock is currently owned by institutional investors and hedge funds.

LightPath Technologies Price Performance

Shares of NASDAQ LPTH opened at $12.57 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.98 and a quick ratio of 1.26. LightPath Technologies has a 1-year low of $1.61 and a 1-year high of $15.04. The company has a market capitalization of $572.31 million, a price-to-earnings ratio of -32.23 and a beta of 0.98. The business has a 50-day moving average of $8.93 and a 200-day moving average of $6.76.

LightPath Technologies Company Profile

LightPath Technologies, Inc designs, manufactures and distributes precision optical components and assemblies for a variety of commercial, industrial, defense and scientific applications. The company’s portfolio includes molded glass aspheric lenses, precision glass optics, infrared lenses and assemblies, diamond-turned optics and molded polymer optics. These components are engineered to support imaging, illumination, laser delivery, detection and sensing systems across visible, ultraviolet and infrared wavelengths.

Among its core offerings, LightPath develops infrared optical solutions using materials such as germanium, zinc selenide and chalcogenide glasses for thermal imaging, night-vision devices and spectroscopy.