Lantronix (NASDAQ:LTRX) Stock Price Target Lowered at Canaccord Genuity Group

Lantronix (NASDAQ:LTRX) had its price target trimmed by Canaccord Genuity Group from $11.00 to $10.50 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a buy rating on the technology company’s stock.

A number of other research firms also recently issued reports on LTRX. Zacks Research downgraded shares of Lantronix from a “hold” rating to a “strong sell” rating in a report on Monday. Wall Street Zen raised shares of Lantronix from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. Weiss Ratings restated a “sell (d-)” rating on shares of Lantronix in a research note on Thursday, October 15th. JonesTrading began coverage on shares of Lantronix in a research note on Wednesday, July 15th. They set a “buy” rating and a $12.00 price target for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $11.00 price target on shares of Lantronix in a report on Thursday, August 27th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $10.70.

Lantronix Trading Up 7.7%

Shares of NASDAQ LTRX opened at $4.73 on Wednesday. Lantronix has a fifty-two week low of $4.36 and a fifty-two week high of $8.75. The firm’s 50-day simple moving average is $5.99 and its 200 day simple moving average is $6.05. The company has a quick ratio of 2.86, a current ratio of 2.99 and a debt-to-equity ratio of 0.04.

Lantronix (NASDAQ:LTRX) last announced its earnings results on Monday, November 9th. The technology company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.04 by $0.01. Lantronix had a negative net margin of 2.63% and a negative return on equity of 3.35%. The company had revenue of $32.37 million during the quarter, compared to the consensus estimate of $31.98 million. As a group, research analysts forecast that Lantronix will post 0.07 EPS for the current fiscal year.

Insider Activity at Lantronix

In related news, CEO Saleel Awsare bought 15,000 shares of the business’s stock in a transaction on Wednesday, September 9th. The stock was acquired at an average price of $5.18 per share, for a total transaction of $77,700.00. Following the purchase, the chief executive officer directly owned 453,381 shares in the company, valued at $2,348,513.58. This trade represents a 3.42% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Lantronix

Institutional investors and hedge funds have recently modified their holdings of the company. StoneX Group Inc. bought a new stake in Lantronix during the 3rd quarter worth approximately $89,000. Globeflex Capital L P bought a new position in Lantronix in the 2nd quarter valued at $76,000. Bank of America Corp DE boosted its holdings in Lantronix by 210.7% in the 1st quarter. Bank of America Corp DE now owns 38,589 shares of the technology company’s stock valued at $202,000 after purchasing an additional 26,170 shares during the period. State of Wyoming grew its position in shares of Lantronix by 84.0% during the 3rd quarter. State of Wyoming now owns 42,537 shares of the technology company’s stock valued at $307,000 after purchasing an additional 19,420 shares in the last quarter. Finally, WINTON GROUP Ltd grew its position in shares of 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 in the last quarter. 39.38% of the stock is owned by hedge funds and other institutional investors.

More Lantronix News

Here’s some of the latest news about LTRX:

• Positive Sentiment: Q2 guidance calls for EPS of $0.04–$0.06 and revenue of $32.5 million–$34.5 million. The EPS range reaches above consensus, while the revenue midpoint matches expectations, suggesting continued business stability. Article: Lantronix Q1 2027 Earnings Call Transcript
• Neutral Sentiment: Canaccord Genuity lowered its price target from $11 to $10.50 but maintained a Buy rating. The lower target is a cautionary adjustment, though the firm remains bullish. Canaccord Genuity recommendations
• Negative Sentiment: Zacks Research downgraded LTRX from Hold to Strong Sell, adding a bearish counterpoint to Canaccord’s Buy rating. Zacks Research recommendations

Lantronix Company Profile

Lantronix, Inc. (NASDAQ: LTRX) is a provider of Internet of Things (IoT) and edge-computing solutions that help organizations connect, manage, and secure devices and equipment. The company serves customers in industrial, enterprise, transportation, healthcare, smart-city, and other applications where reliable remote connectivity and device management are required. Its portfolio includes embedded networking modules, industrial and cellular gateways, routers, out-of-band management products, and software for remotely provisioning, monitoring, and managing connected devices.