Lyntris (NYSE:LYNX) Earns Buy Rating from Analysts at Bank of America

Bank of America assumed coverage on shares of Lyntris (NYSE:LYNX) in a research report sent to investors on Monday morning, Marketbeat reports. The firm issued a buy rating and a $21.00 target price on the stock.

A number of other research firms also recently issued reports on LYNX. Wall Street Zen upgraded Lyntris to a “hold” rating in a report on Saturday, August 29th. William Blair began coverage on shares of Lyntris in a research note on Monday. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Lyntris currently has a consensus rating of “Buy” and a consensus target price of $19.86.

Lyntris Stock Up 1.4%

Shares of Lyntris stock opened at $13.65 on Monday. Lyntris has a 52-week low of $12.21 and a 52-week high of $16.00.

Insider Buying and Selling at Lyntris

In related news, CEO Brian Morrison sold 186,752 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $16.45, for a total transaction of $3,072,070.40. Following the completion of the sale, the chief executive officer owned 1,286,983 shares in the company, valued at approximately $21,170,870.35. This represents a 12.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Matthew Alty sold 238,583 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $16.45, for a total value of $3,924,690.35. Following the sale, the president owned 1,789,377 shares of the company’s stock, valued at approximately $29,435,251.65. This trade represents a 11.76% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 8,912,282 shares of company stock worth $155,357,039.

Lyntris Company Profile

Lyntris Inc is a defense technology company delivering sense-to-act connectivity solutions for the modern, connected battlespace. Lyntris Inc is based in WASHINGTON.