Lantronix (NASDAQ:LTRX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Lantronix (NASDAQ:LTRX) from a buy rating to a strong-buy rating in a research report sent to investors on Saturday.

Other research analysts also recently issued research reports about the stock. Lake Street Capital increased their price objective on shares of Lantronix from $6.00 to $8.00 and gave the company a “buy” rating in a report on Thursday, December 11th. Needham & Company LLC increased their price target on Lantronix from $7.50 to $8.50 and gave the company a “buy” rating in a research note on Thursday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lantronix in a research note on Thursday, January 22nd. Finally, Craig Hallum reaffirmed a “buy” rating and set a $10.00 price objective on shares of Lantronix in a report on Thursday. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $7.38.

Lantronix Trading Up 2.3%

LTRX stock opened at $6.32 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.75 and a quick ratio of 1.79. Lantronix has a 1-year low of $1.91 and a 1-year high of $8.24. The business has a 50 day simple moving average of $6.15 and a two-hundred day simple moving average of $5.03. The company has a market capitalization of $250.84 million, a price-to-earnings ratio of -26.33 and a beta of 1.51.

Lantronix (NASDAQ:LTRX) last released its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. Lantronix had a negative net margin of 7.90% and a negative return on equity of 10.37%. The firm had revenue of $29.77 million for the quarter, compared to analysts’ expectations of $29.94 million. Lantronix has set its Q3 2026 guidance at 0.030-0.060 EPS. Research analysts anticipate that Lantronix will post -0.23 EPS for the current fiscal year.

Hedge Funds Weigh In On Lantronix

Large investors have recently modified their holdings of the stock. R Squared Ltd bought a new stake in Lantronix in the second quarter worth $32,000. Bailard Inc. purchased a new stake in shares of Lantronix in the third quarter valued at $49,000. Atria Wealth Solutions Inc. bought a new stake in shares of Lantronix in the 2nd quarter worth about $60,000. Bridgeway Capital Management LLC purchased a new position in shares of Lantronix during the 3rd quarter worth about $85,000. Finally, XTX Topco Ltd bought a new position in Lantronix during the 2nd quarter valued at about $86,000. Institutional investors 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.