LightPath Technologies’ (LPTH) “Buy” Rating Reiterated at HC Wainwright

HC Wainwright reiterated their buy rating on shares of LightPath Technologies (NASDAQ:LPTH) in a research report released on Tuesday,Benzinga reports. They currently have a $5.00 price target on the technology company’s stock. HC Wainwright also issued estimates for LightPath Technologies’ FY2025 earnings at ($0.19) EPS and FY2026 earnings at ($0.08) EPS.

Several other analysts also recently issued reports on the company. Lake Street Capital upped their price objective on LightPath Technologies from $3.00 to $4.00 and gave the company a “buy” rating in a research report on Friday, December 27th. LADENBURG THALM/SH SH raised their price objective on LightPath Technologies from $3.00 to $5.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Finally, StockNews.com lowered LightPath Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, January 4th.

LightPath Technologies Price Performance

LightPath Technologies stock opened at $2.53 on Tuesday. The business has a 50 day simple moving average of $3.15 and a 200-day simple moving average of $2.06. LightPath Technologies has a 12 month low of $1.04 and a 12 month high of $4.42. The stock has a market capitalization of $101.60 million, a PE ratio of -10.54 and a beta of 1.01. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.53 and a quick ratio of 0.90.

LightPath Technologies (NASDAQ:LPTH) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The business had revenue of $7.43 million for the quarter, compared to analyst estimates of $8.28 million. LightPath Technologies had a negative return on equity of 31.13% and a negative net margin of 28.57%. Equities analysts predict that LightPath Technologies will post -0.15 earnings per share for the current year.

Institutional Investors Weigh In On LightPath Technologies

Hedge funds have recently bought and sold shares of the business. Crewe Advisors LLC acquired a new position in shares of LightPath Technologies in the 4th quarter worth approximately $28,000. Cubist Systematic Strategies LLC acquired a new position in shares of LightPath Technologies in the 4th quarter valued at $32,000. Millennium Management LLC purchased a new position in shares of LightPath Technologies in the fourth quarter worth approximately $53,000. Legato Capital Management LLC purchased a new position in shares of LightPath Technologies in the fourth quarter worth approximately $83,000. Finally, J.W. Cole Advisors Inc. purchased a new position in shares of LightPath Technologies in the fourth quarter worth approximately $87,000. Institutional investors and hedge funds own 56.29% of the company’s stock.

About LightPath Technologies

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.