Lantronix (NASDAQ:LTRX) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Lantronix, Inc. (NASDAQ:LTRX)’s stock price passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $6.08 and traded as high as $7.22. Lantronix shares last traded at $6.83, with a volume of 741,723 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Needham & Company LLC reissued a “buy” rating and issued a $11.00 target price on shares of Lantronix in a research note on Thursday, August 27th. UBS Group reaffirmed a “buy” rating on shares of Lantronix in a report on Friday, June 12th. JonesTrading started coverage on Lantronix in a research report on Wednesday, July 15th. They set a “buy” rating and a $12.00 price objective on the stock. Lake Street Capital boosted their price objective on Lantronix from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Friday, September 18th. Finally, Canaccord Genuity Group upped their target price on Lantronix from $10.50 to $11.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Six research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $10.80.

Lantronix Stock Up 0.3%

The company has a market capitalization of $321.12 million, a PE ratio of -62.27 and a beta of 1.61. The firm has a 50-day moving average of $6.05 and a two-hundred day moving average of $6.08.

Lantronix (NASDAQ:LTRX) last released its quarterly earnings data on Wednesday, August 26th. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. The business had revenue of $31.15 million during the quarter, compared to analysts’ expectations of $30.69 million. Lantronix had a negative net margin of 3.46% and a negative return on equity of 4.88%. Lantronix has set its Q1 2027 guidance at 0.040-0.060 EPS. On average, equities research analysts expect that Lantronix, Inc. will post 0.10 EPS for the current year.

Insider Buying and Selling at Lantronix

In other news, CEO Saleel Awsare bought 15,000 shares of Lantronix stock in a transaction dated Wednesday, September 9th. The stock was acquired at an average cost of $5.18 per share, with a total value of $77,700.00. Following the acquisition, the chief executive officer owned 453,381 shares of the company’s stock, valued at approximately $2,348,513.58. This trade represents a 3.42% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.80% of the company’s stock.

Institutional Trading of Lantronix

Several hedge funds and other institutional investors have recently bought and sold shares of the company. AWM Investment Company Inc. purchased a new position in Lantronix in the 2nd quarter worth approximately $7,350,000. Arrowstreet Capital Limited Partnership lifted its position 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 during the period. Renaissance Technologies LLC grew its stake in shares of Lantronix by 8.8% in the 1st quarter. Renaissance Technologies LLC now owns 690,194 shares of the technology company’s stock worth $3,617,000 after purchasing an additional 56,000 shares during the last quarter. Sei Investments Co. increased its stake in Lantronix by 138.0% in the 1st 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, Squarepoint Ops LLC raised its stake in Lantronix by 215.5% during the 2nd quarter. Squarepoint Ops LLC now owns 254,886 shares of the technology company’s stock valued at $1,499,000 after purchasing an additional 174,086 shares during the period. 39.38% of the stock is owned by hedge funds and other institutional investors.

Lantronix Company Profile

Lantronix, Inc is a provider of intelligent edge and Internet of Things (IoT) solutions. The company develops hardware, software and services that help organizations connect, manage and secure devices and equipment across distributed networks.

Its product portfolio includes embedded computing and networking modules, IoT gateways, industrial and enterprise networking equipment, device-management software, cellular and wireless connectivity solutions, and remote-access and out-of-band management products.