HC Wainwright Reaffirms “Buy” Rating for LightPath Technologies (NASDAQ:LPTH)

HC Wainwright reiterated their buy rating on shares of LightPath Technologies (NASDAQ:LPTH) in a research note published on Friday morning, Benzinga reports. The brokerage currently has a $3.00 price objective on the technology company’s stock. HC Wainwright also issued estimates for LightPath Technologies’ Q1 2025 earnings at ($0.05) EPS, Q2 2025 earnings at ($0.04) EPS, Q3 2025 earnings at ($0.05) EPS and Q4 2025 earnings at ($0.03) EPS.

Separately, StockNews.com began coverage on shares of LightPath Technologies in a research report on Friday. They set a hold rating for the company.

LightPath Technologies Stock Down 4.0 %

LPTH stock opened at $1.21 on Friday. The firm’s fifty day simple moving average is $1.30 and its 200-day simple moving average is $1.35. The company has a market capitalization of $46.96 million, a P/E ratio of -6.72 and a beta of 1.31. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.01 and a quick ratio of 1.13. LightPath Technologies has a 12 month low of $1.04 and a 12 month high of $1.77.

LightPath Technologies (NASDAQ:LPTH) last released its quarterly earnings data on Thursday, September 19th. The technology company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.02). The business had revenue of $8.63 million during the quarter, compared to analysts’ expectations of $8.25 million. LightPath Technologies had a negative net margin of 19.72% and a negative return on equity of 18.97%. During the same period last year, the company earned ($0.02) earnings per share. As a group, equities research analysts forecast that LightPath Technologies will post -0.2 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. B. Riley Wealth Advisors Inc. boosted its stake in shares of LightPath Technologies by 73.7% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 111,824 shares of the technology company’s stock valued at $141,000 after purchasing an additional 47,429 shares during the period. Vanguard Group Inc. boosted its stake in shares of LightPath Technologies by 15.6% in the first quarter. Vanguard Group Inc. now owns 1,571,852 shares of the technology company’s stock valued at $2,169,000 after purchasing an additional 211,626 shares during the period. Archon Capital Management LLC boosted its stake in shares of LightPath Technologies by 1.8% in the first quarter. Archon Capital Management LLC now owns 2,082,934 shares of the technology company’s stock valued at $2,874,000 after purchasing an additional 37,400 shares during the period. Murphy Pohlad Asset Management LLC boosted its stake in shares of LightPath Technologies by 22.8% in the second quarter. Murphy Pohlad Asset Management LLC now owns 56,500 shares of the technology company’s stock valued at $71,000 after purchasing an additional 10,500 shares during the period. Finally, AIGH Capital Management LLC boosted its stake in shares of LightPath Technologies by 5.7% in the second quarter. AIGH Capital Management LLC now owns 3,723,932 shares of the technology company’s stock valued at $4,692,000 after purchasing an additional 200,000 shares during the period. Hedge funds and other institutional investors own 56.29% of the company’s stock.

LightPath Technologies Company Profile

LightPath Technologies, Inc designs, develops, manufactures, and distributes optical components and assemblies. The company offers precision molded glass aspheric optics, molded and diamond-turned infrared aspheric lenses, and other optical components used to produce products that manipulate light; and infrared products, including catalog and custom infrared optics.