Lantronix, Inc. (NASDAQ:LTRX) Receives Average Recommendation of “Moderate Buy” from Analysts

Lantronix, Inc. (NASDAQ:LTRX) has been assigned an average rating of “Moderate Buy” from the five analysts that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $9.25.

A number of research firms have weighed in on LTRX. Canaccord Genuity Group began coverage on shares of Lantronix in a research report on Monday. They issued a “buy” rating and a $10.50 price objective for the company. Wall Street Zen raised Lantronix from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Lantronix in a research note on Tuesday, April 21st.

Insider Transactions at Lantronix

In other Lantronix news, insider Mathi Gurusamy sold 14,467 shares of the stock in a transaction on Friday, March 13th. The shares were sold at an average price of $6.21, for a total transaction of $89,840.07. Following the transaction, the insider directly owned 55,569 shares in the company, valued at $345,083.49. This represents a 20.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lantronix

A number of institutional investors have recently modified their holdings of LTRX. R Squared Ltd increased its holdings in Lantronix by 24.3% in the third quarter. R Squared Ltd now owns 14,073 shares of the technology company’s stock valued at $64,000 after buying an additional 2,754 shares during the last quarter. Invesco Ltd. bought a new position in Lantronix during the 4th quarter worth approximately $68,000. Bridgeway Capital Management LLC acquired a new position in shares of Lantronix in the 3rd quarter worth approximately $85,000. Balyasny Asset Management L.P. bought a new stake in shares of Lantronix in the 4th quarter valued at approximately $86,000. Finally, XTX Topco Ltd acquired a new stake in shares of Lantronix during the 2nd quarter valued at approximately $86,000. Institutional investors and hedge funds own 39.38% of the company’s stock.

Lantronix Stock Up 1.7%

NASDAQ LTRX traded up $0.11 on Monday, reaching $6.67. The company had a trading volume of 305,186 shares, compared to its average volume of 984,396. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.74 and a quick ratio of 1.80. Lantronix has a 1 year low of $2.28 and a 1 year high of $8.75. The firm has a 50-day moving average of $6.34 and a 200-day moving average of $6.07. The firm has a market capitalization of $293.35 million, a PE ratio of -39.24 and a beta of 1.64.

Lantronix (NASDAQ:LTRX) last posted its earnings results on Wednesday, May 6th. The technology company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The firm had revenue of $30.18 million for the quarter, compared to analyst estimates of $30.49 million. Lantronix had a negative return on equity of 6.79% and a negative net margin of 5.52%.Lantronix has set its Q4 2026 guidance at 0.030-0.050 EPS. On average, equities research analysts anticipate that Lantronix will post -0.11 EPS for the current fiscal year.

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.