LADENBURG THALM/SH SH Raises LightPath Technologies (NASDAQ:LPTH) Price Target to $5.00

LightPath Technologies (NASDAQ:LPTH) had its target price lifted by equities research analysts at LADENBURG THALM/SH SH from $3.00 to $5.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. LADENBURG THALM/SH SH’s price target indicates a potential upside of 20.77% from the company’s previous close.

LPTH has been the subject of several other reports. StockNews.com cut LightPath Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, December 25th. Lake Street Capital increased their price objective on LightPath Technologies from $3.00 to $4.00 and gave the company a “buy” rating in a report on Friday, December 27th. Finally, HC Wainwright restated a “buy” rating and set a $3.00 target price on shares of LightPath Technologies in a report on Friday, September 20th.

LightPath Technologies Trading Up 9.2 %

LightPath Technologies stock opened at $4.14 on Thursday. The company has a market cap of $164.21 million, a price-to-earnings ratio of -18.82 and a beta of 1.32. The firm has a 50-day moving average of $2.12 and a 200-day moving average of $1.62. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.73 and a quick ratio of 1.03. LightPath Technologies has a one year low of $1.04 and a one year high of $4.14.

Hedge Funds Weigh In On LightPath Technologies

A number of institutional investors have recently bought and sold shares of LPTH. AIGH Capital Management LLC boosted its stake in shares of LightPath Technologies by 5.7% during the 2nd quarter. AIGH Capital Management LLC now owns 3,723,932 shares of the technology company’s stock worth $4,692,000 after acquiring an additional 200,000 shares during the period. B. Riley Wealth Advisors Inc. raised its stake in LightPath Technologies by 104.7% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 131,824 shares of the technology company’s stock valued at $166,000 after acquiring an additional 67,429 shares during the period. Finally, Murphy Pohlad Asset Management LLC lifted its holdings in LightPath Technologies by 22.3% during the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 69,100 shares of the technology company’s stock valued at $95,000 after purchasing an additional 12,600 shares during the last quarter. Institutional investors and hedge funds 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.