Analysts Set Lantronix, Inc. (NASDAQ:LTRX) Target Price at $7.30

Lantronix, Inc. (NASDAQ:LTRX) has been assigned a consensus recommendation of “Buy” from the five research firms that are currently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have covered the stock in the last year is $7.30.

Several research analysts have commented on the company. StockNews.com lowered Lantronix from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 10th. Roth Mkm reiterated a “buy” rating and issued a $9.00 price target on shares of Lantronix in a research report on Monday, June 17th. Needham & Company LLC reissued a “buy” rating and set a $7.00 price objective on shares of Lantronix in a research report on Friday, September 6th. Finally, Canaccord Genuity Group began coverage on shares of Lantronix in a report on Wednesday, September 11th. They issued a “buy” rating and a $7.50 target price for the company.

Insider Buying and Selling

In other Lantronix news, major shareholder Bernhard Bruscha sold 31,630 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $4.32, for a total transaction of $136,641.60. Following the transaction, the insider now owns 5,293,503 shares in the company, valued at approximately $22,867,932.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 64,014 shares of company stock valued at $267,136 over the last ninety days. Corporate insiders own 17.30% of the company’s stock.

Hedge Funds Weigh In On Lantronix

Hedge funds have recently bought and sold shares of the company. Jump Financial LLC grew its holdings in Lantronix by 115.4% in the fourth quarter. Jump Financial LLC now owns 31,990 shares of the technology company’s stock valued at $187,000 after purchasing an additional 17,138 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new stake in Lantronix in the 4th quarter valued at about $148,000. Wasatch Advisors LP increased its holdings in Lantronix by 11.4% during the 4th quarter. Wasatch Advisors LP now owns 1,622,343 shares of the technology company’s stock valued at $9,507,000 after acquiring an additional 165,711 shares in the last quarter. Essex Investment Management Co. LLC raised its position in Lantronix by 1.6% during the first quarter. Essex Investment Management Co. LLC now owns 404,158 shares of the technology company’s stock worth $1,439,000 after acquiring an additional 6,171 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Lantronix in the first quarter valued at about $55,000. 39.38% of the stock is owned by hedge funds and other institutional investors.

Lantronix Stock Performance

Shares of LTRX stock opened at $3.83 on Tuesday. The stock’s 50-day moving average is $3.77 and its two-hundred day moving average is $3.66. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.32 and a current ratio of 2.95. Lantronix has a 1 year low of $3.08 and a 1 year high of $6.95. The firm has a market cap of $143.93 million, a price-to-earnings ratio of -21.28 and a beta of 2.12.

Lantronix Company Profile

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.