nLight (NASDAQ:LASR) Receives Average Recommendation of “Moderate Buy” from Brokerages

by · The Cerbat Gem

nLight (NASDAQ:LASR – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $34.2857.

A number of equities research analysts have recently issued reports on LASR shares. Stifel Nicolaus boosted their target price on nLight from $26.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Wall Street Zen downgraded nLight from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. Canaccord Genuity Group raised shares of nLight to a “buy” rating in a research note on Wednesday, December 17th. Roth Capital assumed coverage on shares of nLight in a report on Wednesday, December 17th. They issued a “buy” rating and a $44.00 target price for the company. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of nLight in a report on Wednesday, October 8th.

Check Out Our Latest Research Report on nLight

Insider Activity

In other nLight news, CFO Joseph John Corso sold 66,075 shares of the business’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $36.32, for a total transaction of $2,399,844.00. Following the sale, the chief financial officer directly owned 196,224 shares of the company’s stock, valued at $7,126,855.68. The trade was a 25.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO James Nias sold 1,200 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $30.00, for a total value of $36,000.00. Following the completion of the sale, the chief accounting officer directly owned 99,512 shares of the company’s stock, valued at approximately $2,985,360. This trade represents a 1.19% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 141,262 shares of company stock valued at $5,101,910. 4.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On nLight

A number of institutional investors have recently bought and sold shares of LASR. GAMMA Investing LLC increased its holdings in shares of nLight by 147.6% in the 2nd quarter. GAMMA Investing LLC now owns 1,550 shares of the company’s stock valued at $31,000 after purchasing an additional 924 shares during the period. Osaic Holdings Inc. grew its position in nLight by 1,599.1% during the second quarter. Osaic Holdings Inc. now owns 1,835 shares of the company’s stock valued at $36,000 after purchasing an additional 1,727 shares in the last quarter. Wexford Capital LP acquired a new position in nLight in the 3rd quarter valued at approximately $41,000. Global Retirement Partners LLC purchased a new stake in nLight in the 3rd quarter worth approximately $49,000. Finally, Nisa Investment Advisors LLC boosted its stake in shares of nLight by 162.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,747 shares of the company’s stock valued at $54,000 after buying an additional 1,700 shares during the period. 83.88% of the stock is currently owned by institutional investors and hedge funds.

nLight Price Performance

NASDAQ LASR opened at $40.02 on Monday. nLight has a 1 year low of $6.20 and a 1 year high of $41.52. The business’s fifty day moving average is $35.24 and its two-hundred day moving average is $29.25. The stock has a market capitalization of $2.03 billion, a P/E ratio of -45.48 and a beta of 2.33. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.36 and a current ratio of 5.63.

About nLight

(Get Free Report)

nLIGHT, Inc designs, develops, manufactures, and sells semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. The company operates in two segments, Laser Products and Advanced Development. It offers semiconductor lasers with various ranges of power levels, wavelengths, and output fiber sizes; and programmable and serviceable fiber lasers for use in industrial and aerospace and defense applications. The company also provides laser sensors, including light detection and ranging technologies for intelligence, surveillance, and reconnaissance applications; and fiber amplifiers, beam combination, and control systems for use in high-energy laser systems in directed energy applications.

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