Lantronix (NASDAQ:LTRX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Lantronix (NASDAQ:LTRX) from a hold rating to a buy rating in a report published on Saturday,Wall Street Zen reports.

Several other equities research analysts have also recently issued reports on the stock. Canaccord Genuity Group raised their price objective on shares of Lantronix from $10.50 to $11.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. JonesTrading began coverage on shares of Lantronix in a research note on Wednesday, July 15th. They issued a “buy” rating and a $12.00 price target for the company. Needham & Company LLC reissued a “buy” rating and issued a $11.00 price target on shares of Lantronix in a research note on Thursday, August 27th. UBS Group restated a “buy” rating on shares of Lantronix in a report on Friday, June 12th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lantronix in a research report on Friday, July 17th. Six analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Lantronix presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.40.

Lantronix Stock Down 1.3%

Shares of NASDAQ:LTRX opened at $5.30 on Friday. Lantronix has a 52-week low of $4.37 and a 52-week high of $8.75. The stock has a market cap of $247.56 million, a P/E ratio of -48.18 and a beta of 1.70. The business has a fifty day moving average of $5.68 and a two-hundred day moving average of $6.04.

Lantronix (NASDAQ:LTRX) last posted its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.03 by $0.01. The business had revenue of $31.15 million for the quarter, compared to analyst estimates of $30.69 million. Lantronix had a negative return on equity of 4.88% and a negative net margin of 3.46%.Lantronix has set its Q1 2027 guidance at 0.040-0.060 EPS. On average, equities analysts anticipate that Lantronix will post 0.09 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of LTRX. AWM Investment Company Inc. purchased a new position in Lantronix during the second quarter worth about $7,350,000. Soviero Asset Management LP acquired a new position in shares of Lantronix in the 3rd quarter worth approximately $2,331,000. Nano Cap New Millennium Growth Fund L P acquired a new position in shares of Lantronix in the 4th quarter worth approximately $2,315,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Lantronix by 135.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 669,183 shares of the technology company’s stock worth $3,058,000 after purchasing an additional 385,075 shares during the period. Finally, 683 Capital Management LLC purchased a new position in shares of Lantronix during the 4th quarter worth approximately $1,209,000. Institutional investors and hedge funds own 39.38% of the company’s stock.

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.