Lantronix, Inc. (NASDAQ:LTRX) Receives $10.40 Average PT from Brokerages

Shares of Lantronix, Inc. (NASDAQ:LTRX) have been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are presently covering the stock, 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 brokers that have issued ratings on the stock in the last year is $10.80.

LTRX has been the topic of a number of research reports. Lake Street Capital boosted their target price on shares of Lantronix from $8.00 to $10.00 and gave the stock a “buy” rating in a report on Friday. Canaccord Genuity Group raised their price target on shares of Lantronix from $10.50 to $11.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lantronix in a report on Friday, July 17th. Wall Street Zen raised shares of Lantronix from a “hold” rating to a “buy” rating in a research note on Saturday, August 29th. Finally, UBS Group restated a “buy” rating on shares of Lantronix in a report on Friday, June 12th.

Insider Activity at Lantronix

In related news, CEO Saleel Awsare purchased 15,000 shares of the firm’s stock in a transaction dated Wednesday, September 9th. The stock was bought at an average price of $5.18 per share, with a total value of $77,700.00. Following the completion of the purchase, the chief executive officer owned 453,381 shares in the company, valued at approximately $2,348,513.58. This represents a 3.42% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 2.40% of the company’s stock.

Institutional Trading of Lantronix

Several institutional investors have recently added to or reduced their stakes in the stock. WINTON GROUP Ltd increased its position in Lantronix by 59.4% during the 2nd quarter. WINTON GROUP Ltd now owns 82,148 shares of the technology company’s stock valued at $483,000 after purchasing an additional 30,626 shares during the period. Squarepoint Ops LLC lifted its position in shares of Lantronix by 215.5% in the 2nd quarter. Squarepoint Ops LLC now owns 254,886 shares of the technology company’s stock worth $1,499,000 after purchasing an additional 174,086 shares during the period. AWM Investment Company Inc. bought a new stake in shares of Lantronix in the 2nd quarter valued at $7,350,000. Globeflex Capital L P bought a new stake in shares of Lantronix in the 2nd quarter valued at $76,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Lantronix during the second quarter worth $937,000. 39.38% of the stock is currently owned by institutional investors.

Lantronix Price Performance

Shares of LTRX opened at $5.85 on Wednesday. Lantronix has a 12-month low of $4.37 and a 12-month high of $8.75. The business has a 50-day simple moving average of $5.59 and a two-hundred day simple moving average of $5.99. The stock has a market cap of $273.25 million, a PE ratio of -53.18 and a beta of 1.66.

Lantronix (NASDAQ:LTRX) last announced its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. Lantronix had a negative return on equity of 4.88% and a negative net margin of 3.46%.The firm had revenue of $31.15 million for the quarter, compared to analyst estimates of $30.69 million. Lantronix has set its Q1 2027 guidance at 0.040-0.060 EPS. On average, equities research analysts expect that Lantronix will post 0.1 EPS for the current year.

About Lantronix

Lantronix, Inc (NASDAQ: LTRX) provides intelligent hardware, software and services that enable organizations to connect, manage and secure devices and equipment across the Internet of Things (IoT). Its solutions are designed for industrial, commercial and enterprise applications, including remote monitoring, automation, asset management and edge computing.

The company’s offerings include IoT gateways, embedded computing and networking products, cellular and wireless connectivity solutions, industrial networking equipment, remote access and out-of-band management systems, and related software and cloud services.