Lantronix, Inc. (NASDAQ:LTRX) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Lantronix, Inc. (NASDAQ:LTRX) have been given an average recommendation of “Moderate Buy” by the six brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $9.8750.

LTRX has been the topic of several research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Lantronix in a research note on Tuesday, April 21st. Canaccord Genuity Group assumed coverage on shares of Lantronix in a report on Monday, June 8th. They set a “buy” rating and a $10.50 price objective for the company. UBS Group restated a “buy” rating on shares of Lantronix in a research report on Friday, June 12th. Needham & Company LLC initiated coverage on shares of Lantronix in a report on Friday, June 12th. They issued a “buy” rating and a $11.00 target price on the stock. Finally, Wall Street Zen lowered shares of Lantronix from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in LTRX. Jane Street Group LLC boosted its stake in shares of Lantronix by 19.7% in the first quarter. Jane Street Group LLC now owns 71,293 shares of the technology company’s stock worth $178,000 after acquiring an additional 11,728 shares during the period. XTX Topco Ltd bought a new stake in Lantronix during the 2nd quarter valued at approximately $86,000. Marshall Wace LLP raised its stake in Lantronix by 10.6% during the 2nd quarter. Marshall Wace LLP now owns 446,164 shares of the technology company’s stock valued at $1,280,000 after purchasing an additional 42,838 shares during the period. Manatuck Hill Partners LLC purchased a new position in Lantronix in the 2nd quarter worth approximately $302,000. Finally, Vanguard Group Inc. lifted its holdings in Lantronix by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,486,791 shares of the technology company’s stock worth $6,795,000 after purchasing an additional 40,890 shares in the last quarter. Institutional investors own 39.38% of the company’s stock.

Lantronix Price Performance

LTRX opened at $5.36 on Friday. The company has a current ratio of 2.74, a quick ratio of 1.80 and a debt-to-equity ratio of 0.12. The company has a market cap of $235.73 million, a price-to-earnings ratio of -31.53 and a beta of 1.69. The stock has a fifty day simple moving average of $6.49 and a two-hundred day simple moving average of $6.19. Lantronix has a 12-month low of $2.86 and a 12-month high of $8.75.

Lantronix (NASDAQ:LTRX) last issued its quarterly 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 company had revenue of $30.18 million during the quarter, compared to the consensus estimate 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. Research analysts predict that Lantronix will post -0.11 earnings per share for the current fiscal year.

Lantronix Company Profile

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.