Lantronix (NASDAQ:LTRX) Cut to “Buy” at Wall Street Zen
by Teresa Graham · The Cerbat GemWall Street Zen lowered shares of Lantronix (NASDAQ:LTRX – Free Report) from a strong-buy rating to a buy rating in a report released on Monday morning.
A number of other research analysts have also weighed in on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Lantronix in a report on Wednesday, October 8th. Needham & Company LLC increased their price target on Lantronix from $5.50 to $7.50 and gave the company a “buy” rating in a research report on Thursday, November 6th. Finally, Lake Street Capital lifted their price objective on shares of Lantronix from $6.00 to $8.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.17.
View Our Latest Analysis on LTRX
Lantronix Price Performance
Shares of LTRX opened at $6.59 on Monday. The business’s fifty day moving average is $5.69 and its 200 day moving average is $4.70. Lantronix has a 12-month low of $1.91 and a 12-month high of $6.96. The company has a quick ratio of 1.93, a current ratio of 3.01 and a debt-to-equity ratio of 0.14. The stock has a market cap of $259.38 million, a P/E ratio of -24.41 and a beta of 1.50.
Lantronix (NASDAQ:LTRX – Get Free Report) last released its quarterly earnings data on Wednesday, November 5th. The technology company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.01. The firm had revenue of $29.79 million for the quarter, compared to the consensus estimate of $29.55 million. Lantronix had a negative net margin of 8.68% and a negative return on equity of 11.63%. Lantronix has set its Q2 2026 guidance at 0.020-0.04 EPS. Sell-side analysts anticipate that Lantronix will post -0.23 earnings per share for the current fiscal year.
Institutional Trading of Lantronix
Several hedge funds have recently added to or reduced their stakes in LTRX. Bailard Inc. purchased a new stake in shares of Lantronix during the 3rd quarter worth approximately $49,000. R Squared Ltd bought a new position in Lantronix during the second quarter valued at $32,000. Thompson Davis & CO. Inc. purchased a new stake in Lantronix in the fourth quarter worth $97,000. Bridgeway Capital Management LLC purchased a new stake in Lantronix in the third quarter worth $85,000. Finally, Squarepoint Ops LLC raised its stake in shares of Lantronix by 52.7% in the third quarter. Squarepoint Ops LLC now owns 19,283 shares of the technology company’s stock valued at $88,000 after buying an additional 6,654 shares during the period. Institutional investors own 39.38% of the company’s stock.
About Lantronix
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.