Lantronix (NASDAQ:LTRX) Stock Rating Upgraded by Wall Street Zen

by · The Markets Daily

Lantronix (NASDAQ:LTRX – Get Free Report) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Sunday.

A number of other equities analysts have also issued reports on LTRX. Lake Street Capital raised their target price on Lantronix from $6.00 to $8.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Needham & Company LLC increased their price objective on Lantronix from $5.50 to $7.50 and gave the company a “buy” rating in a report on Thursday, November 6th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lantronix in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Lantronix has an average rating of “Moderate Buy” and a consensus target price of $6.17.

View Our Latest Research Report on Lantronix

Lantronix Stock Up 1.0%

LTRX stock opened at $6.24 on Friday. The stock has a market capitalization of $245.61 million, a PE ratio of -23.11 and a beta of 1.50. Lantronix has a 52 week low of $1.91 and a 52 week high of $6.75. 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 firm has a 50 day moving average of $5.45 and a 200 day moving average of $4.53.

Lantronix (NASDAQ:LTRX – Get Free Report) last posted its quarterly earnings results on Wednesday, November 5th. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. Lantronix had a negative net margin of 8.68% and a negative return on equity of 11.63%. The business had revenue of $29.79 million during the quarter, compared to analysts’ expectations of $29.55 million. Lantronix has set its Q2 2026 guidance at 0.020-0.04 EPS. Sell-side analysts forecast that Lantronix will post -0.23 earnings per share for the current year.

Institutional Trading of Lantronix

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Lantronix by 2.8% during the third quarter. Vanguard Group Inc. now owns 1,486,791 shares of the technology company’s stock valued at $6,795,000 after acquiring an additional 40,890 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Lantronix by 135.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 669,183 shares of the technology company’s stock valued at $3,058,000 after purchasing an additional 385,075 shares during the period. Soviero Asset Management LP acquired a new position in shares of Lantronix in the 3rd quarter valued at $2,331,000. Marshall Wace LLP boosted its holdings in Lantronix by 10.6% during the second quarter. Marshall Wace LLP now owns 446,164 shares of the technology company’s stock worth $1,280,000 after buying an additional 42,838 shares in the last quarter. Finally, AMH Equity Ltd grew its position in Lantronix by 24.5% during the second quarter. AMH Equity Ltd now owns 250,000 shares of the technology company’s stock valued at $718,000 after buying an additional 49,219 shares during the period. 39.38% of the stock is owned by institutional investors and hedge funds.

Lantronix Company Profile

(Get Free Report)

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.

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