Brokerages Set Lantronix, Inc. (NASDAQ:LTRX) Target Price at $10.40

Shares of Lantronix, Inc. (NASDAQ:LTRX) have received a consensus rating of “Moderate Buy” from the seven analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $10.40.

Several equities analysts have commented on LTRX shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lantronix in a research report on Friday, July 17th. Wall Street Zen lowered shares of Lantronix from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. Canaccord Genuity Group upped their price target on shares of Lantronix from $10.50 to $11.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. JonesTrading assumed coverage on shares of Lantronix in a report on Wednesday, July 15th. They issued a “buy” rating and a $12.00 price target on the stock. Finally, UBS Group reaffirmed a “buy” rating on shares of Lantronix in a research note on Friday, June 12th.

Lantronix Trading Up 0.6%

LTRX opened at $5.38 on Tuesday. The stock has a market cap of $236.61 million, a price-to-earnings ratio of -31.65 and a beta of 1.69. The stock’s 50 day moving average price is $6.13 and its 200-day moving average price is $6.13. Lantronix has a one year low of $2.86 and a one year high of $8.75. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.80 and a current ratio of 2.74.

Lantronix (NASDAQ:LTRX) last issued its quarterly earnings results on Wednesday, May 6th. The technology company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). Lantronix had a negative return on equity of 6.79% and a negative net margin of 5.52%.The business had revenue of $30.18 million during the quarter, compared to analysts’ expectations of $30.49 million. Lantronix has set its Q4 2026 guidance at 0.030-0.050 EPS. On average, equities analysts forecast that Lantronix will post -0.11 EPS for the current year.

Hedge Funds Weigh In On Lantronix

Institutional investors have recently modified their holdings of the stock. Bank of America Corp DE raised its stake in shares of Lantronix by 210.7% during the first quarter. Bank of America Corp DE now owns 38,589 shares of the technology company’s stock valued at $202,000 after acquiring an additional 26,170 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Lantronix by 8.8% in the first quarter. Renaissance Technologies LLC now owns 690,194 shares of the technology company’s stock valued at $3,617,000 after purchasing an additional 56,000 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in Lantronix by 41.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 945,025 shares of the technology company’s stock worth $4,952,000 after purchasing an additional 275,842 shares in the last quarter. Sei Investments Co. grew its stake in Lantronix by 138.0% in the first quarter. Sei Investments Co. now owns 261,292 shares of the technology company’s stock worth $1,369,000 after purchasing an additional 151,485 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Lantronix by 236.4% during the 1st quarter. Bank of New York Mellon Corp now owns 87,316 shares of the technology company’s stock worth $458,000 after purchasing an additional 61,358 shares during the period. 39.38% of the stock is owned by hedge funds and other institutional investors.

About Lantronix

Lantronix, Inc is a provider of secure data access and management solutions designed to simplify the deployment, monitoring and control of devices and equipment across a wide range of industries. Headquartered in Irvine, California, the company develops hardware and software products that enable connectivity for smart devices, industrial machinery, IT infrastructure and other systems in the Internet of Things (IoT) ecosystem.

Founded in 1989, Lantronix was among the early innovators in serial-to-Ethernet device networking and has since expanded its portfolio to include secure console servers, device servers, gateways and embedded modules.