Lantronix, Inc. (NASDAQ:LTRX) Director Hoshi Printer Buys 15,000 Shares

Lantronix, Inc. (NASDAQ:LTRX) Director Hoshi Printer purchased 15,000 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was bought at an average cost of $2.70 per share, with a total value of $40,500.00. Following the completion of the acquisition, the director now directly owns 191,425 shares of the company’s stock, valued at $516,847.50. This trade represents a 8.50 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Lantronix Stock Performance

Lantronix stock opened at $2.81 on Friday. The firm has a market capitalization of $109.00 million, a P/E ratio of -21.62 and a beta of 2.00. The stock has a fifty day moving average price of $3.49 and a 200 day moving average price of $3.58. Lantronix, Inc. has a 52 week low of $2.48 and a 52 week high of $4.55. The company has a current ratio of 2.56, a quick ratio of 1.69 and a debt-to-equity ratio of 0.15.

Lantronix (NASDAQ:LTRX) last posted its earnings results on Thursday, February 13th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.13). Lantronix had a negative net margin of 3.15% and a negative return on equity of 2.62%. Equities research analysts anticipate that Lantronix, Inc. will post -0.23 earnings per share for the current year.

Analyst Ratings Changes

LTRX has been the subject of several research reports. Canaccord Genuity Group dropped their price target on Lantronix from $5.00 to $4.50 and set a “buy” rating for the company in a research report on Friday, February 7th. Needham & Company LLC reissued a “buy” rating and set a $5.50 target price on shares of Lantronix in a research note on Tuesday, January 21st. StockNews.com lowered Lantronix from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 11th. Finally, Lake Street Capital dropped their price objective on Lantronix from $6.00 to $5.00 and set a “buy” rating on the stock in a report on Friday, February 7th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $6.00.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of LTRX. Walleye Capital LLC increased its position in Lantronix by 61.9% in the 3rd quarter. Walleye Capital LLC now owns 71,467 shares of the technology company’s stock valued at $294,000 after acquiring an additional 27,325 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Lantronix during the 3rd quarter worth $60,000. Barclays PLC boosted its position in shares of Lantronix by 235.9% in the third quarter. Barclays PLC now owns 62,321 shares of the technology company’s stock worth $257,000 after buying an additional 43,770 shares during the period. Geode Capital Management LLC boosted its position in shares of Lantronix by 3.2% in the third quarter. Geode Capital Management LLC now owns 338,202 shares of the technology company’s stock worth $1,394,000 after buying an additional 10,413 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Lantronix by 84.4% in the fourth quarter. Bank of New York Mellon Corp now owns 41,502 shares of the technology company’s stock worth $171,000 after buying an additional 18,996 shares during the period. Institutional investors own 39.38% of the company’s stock.

About Lantronix

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.