Lyntris Inc. (NYSE:LYNX) Stock Has Consensus Target Price of $19.86 According to Analysts

Lyntris Inc. (NYSE:LYNX) has been given an average rating of “Moderate Buy” by the eight research firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $19.86.

A number of equities analysts have commented on the stock. Bank of America started coverage on shares of Lyntris in a research note on Monday, September 14th. They issued a “buy” rating and a $21.00 price target for the company. Guggenheim assumed coverage on shares of Lyntris in a report on Monday, September 14th. They issued a “buy” rating and a $20.00 price target on the stock. Citigroup started coverage on shares of Lyntris in a research report on Monday, September 14th. They set a “buy” rating and a $19.00 price objective on the stock. Robert W. Baird set a $18.00 price objective on shares of Lyntris in a report on Monday, September 14th. Finally, Raymond James Financial started coverage on shares of Lyntris in a report on Monday, September 14th. They set an “outperform” rating and a $18.00 price objective for the company.

Lyntris Trading Up 0.3%

LYNX stock opened at $11.71 on Friday. Lyntris has a 1-year low of $11.61 and a 1-year high of $16.00.

Insider Buying and Selling at Lyntris

In other news, major shareholder Trive Capital Holdings Llc sold 8,333,333 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $17.50, for a total value of $145,833,327.50. Following the completion of the transaction, the insider directly owned 11,966,544 shares in the company, valued at approximately $209,414,520. This represents a 41.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Tim Paulin sold 55,169 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $16.45, for a total value of $907,530.05. Following the completion of the transaction, the chief financial officer owned 496,525 shares of the company’s stock, valued at $8,167,836.25. The trade was a 10.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 8,912,282 shares of company stock valued at $155,357,039.

About Lyntris

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