Brokerages Set Lyntris Inc. (NYSE:LYNX) PT at $21.00

Shares of Lyntris Inc. (NYSE:LYNX) have been given a consensus rating of “Moderate Buy” by the eight ratings firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $19.8571.

Several brokerages have weighed in on LYNX. Zacks Research upgraded Lyntris to a “hold” rating in a report on Tuesday, September 15th. Guggenheim assumed coverage on shares of Lyntris in a report on Monday, September 14th. They set a “buy” rating and a $20.00 target price on the stock. Evercore assumed coverage on shares of Lyntris in a research report on Monday, September 14th. They set an “outperform” rating and a $22.00 target price on the stock. Wall Street Zen upgraded shares of Lyntris to a “hold” rating in a research note on Saturday, August 29th. Finally, Robert W. Baird set a $18.00 price objective on shares of Lyntris in a research note on Monday, September 14th.

Lyntris Stock Performance

Lyntris stock opened at $13.54 on Monday. Lyntris has a 1 year low of $12.21 and a 1 year high of $16.00.

Insider Activity

In related news, Director Brian Raduenz sold 98,445 shares of the firm’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $16.45, for a total transaction of $1,619,420.25. Following the sale, the director owned 177,203 shares of the company’s stock, valued at $2,914,989.35. This trade represents a 35.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Brian Morrison sold 186,752 shares of Lyntris stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $16.45, for a total value of $3,072,070.40. Following the completion of the transaction, the chief executive officer owned 1,286,983 shares in the company, valued at $21,170,870.35. This trade represents a 12.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 8,912,282 shares of company stock worth $155,357,039 over the last ninety days.

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.