Lantronix (NASDAQ:LTRX) Earns “Buy” Rating from Roth Mkm

Roth Mkm restated their buy rating on shares of Lantronix (NASDAQ:LTRXFree Report) in a research report released on Monday morning, Benzinga reports. They currently have a $9.00 target price on the technology company’s stock.

LTRX has been the topic of a number of other research reports. StockNews.com upgraded Lantronix from a buy rating to a strong-buy rating in a report on Saturday, May 25th. Needham & Company LLC restated a buy rating and set a $7.00 price target on shares of Lantronix in a report on Tuesday, April 30th. Lake Street Capital reduced their target price on Lantronix from $8.00 to $7.00 and set a buy rating on the stock in a report on Tuesday, April 30th. Finally, Craig Hallum reduced their target price on Lantronix from $7.00 to $6.00 and set a buy rating on the stock in a report on Tuesday, April 30th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Lantronix currently has an average rating of Buy and a consensus target price of $8.50.

Get Our Latest Research Report on LTRX

Lantronix Stock Up 0.8 %

Shares of NASDAQ:LTRX opened at $3.60 on Monday. Lantronix has a 1 year low of $3.08 and a 1 year high of $6.95. The company has a market cap of $135.29 million, a PE ratio of -20.00 and a beta of 2.09. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.25 and a quick ratio of 1.32. The stock’s 50-day moving average is $3.63 and its 200 day moving average is $4.50.

Lantronix (NASDAQ:LTRXGet Free Report) last announced its quarterly earnings results on Monday, April 29th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). Lantronix had a negative return on equity of 8.47% and a negative net margin of 4.48%. The company had revenue of $41.18 million for the quarter, compared to the consensus estimate of $40.80 million. Sell-side analysts anticipate that Lantronix will post -0.06 EPS for the current year.

Insider Transactions at Lantronix

In related news, Director Jason Cohenour purchased 21,000 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were purchased at an average cost of $3.63 per share, with a total value of $76,230.00. Following the transaction, the director now directly owns 33,909 shares in the company, valued at approximately $123,089.67. The purchase was disclosed in a document filed with the SEC, which is available through this link. In other Lantronix news, CEO Saleel Awsare acquired 10,000 shares of the stock in a transaction that occurred on Thursday, May 2nd. The shares were acquired at an average cost of $3.66 per share, with a total value of $36,600.00. Following the transaction, the chief executive officer now owns 30,000 shares of the company’s stock, valued at approximately $109,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jason Cohenour acquired 21,000 shares of the stock in a transaction that occurred on Thursday, May 2nd. The stock was acquired at an average cost of $3.63 per share, for a total transaction of $76,230.00. Following the completion of the transaction, the director now directly owns 33,909 shares in the company, valued at approximately $123,089.67. The disclosure for this purchase can be found here. Insiders own 17.30% of the company’s stock.

Hedge Funds Weigh In On Lantronix

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AWM Investment Company Inc. raised its stake in Lantronix by 29.8% during the 1st quarter. AWM Investment Company Inc. now owns 989,307 shares of the technology company’s stock valued at $3,522,000 after buying an additional 227,374 shares during the last quarter. Heron Bay Capital Management purchased a new stake in Lantronix during the 1st quarter valued at $226,000. Acadian Asset Management LLC purchased a new stake in Lantronix during the 1st quarter valued at $369,000. Vanguard Group Inc. raised its stake in Lantronix by 10.3% during the 1st quarter. Vanguard Group Inc. now owns 1,402,989 shares of the technology company’s stock valued at $4,995,000 after buying an additional 131,476 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Lantronix during the 1st quarter valued at $55,000. 39.38% of the stock is owned by institutional investors.

Lantronix Company Profile

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Lantronix, Inc provides solutions for video surveillance, infotainment systems, and intelligent substations infrastructure in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT System Solutions, which provide wired and wireless connections that enhance the value and utility of modern electronic systems and equipment through secure network connectivity, power for IoT end devices through Power over Ethernet, application hosting, protocol conversion, media conversion, secure access for distributed IoT deployments, and various other functions; Embedded IoT Modules, such as application processing delivering compute to meet customer needs for data transformation, computer vision, machine learning, augmented/virtual reality, audio/video aggregation and distribution, and custom applications; and Software and Engineering Services offers SaaS platform that enables customers to deploy, monitor, manage, and automate across their global deployments through a single platform login.

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