LightPath Technologies, Inc. (NASDAQ:LPTH) Stock Has Average Target Price of $14.10 According to Analysts

LightPath Technologies, Inc. (NASDAQ:LPTH) has earned a consensus rating of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $14.10.

A number of equities research analysts recently weighed in on LPTH shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of LightPath Technologies in a research report on Thursday, October 15th. Canaccord Genuity Group cut their target price on shares of LightPath Technologies from $16.50 to $15.50 and set a “buy” rating on the stock in a report on Tuesday, September 1st. Wall Street Zen cut shares of LightPath Technologies from a “hold” rating to a “sell” rating in a report on Sunday, September 20th. Finally, Piper Sandler assumed coverage on LightPath Technologies in a research note on Wednesday, August 12th. They issued an “overweight” rating and a $15.00 target price for the company.

Institutional Trading of LightPath Technologies

Institutional investors and hedge funds have recently made changes to their positions in the stock. TD Waterhouse Canada Inc. bought a new position in LightPath Technologies during the 2nd quarter worth $71,000. Royal Bank of Canada lifted its stake in LightPath Technologies by 707.2% in the first quarter. Royal Bank of Canada now owns 9,565 shares of the technology company’s stock valued at $96,000 after buying an additional 8,380 shares during the last quarter. PVG Asset Management Corp bought a new stake in LightPath Technologies in the first quarter valued at $108,000. Granite Investment Partners LLC bought a new stake in LightPath Technologies in the first quarter valued at $123,000. Finally, Round Rock Advisors LLC boosted its holdings in shares of LightPath Technologies by 59.5% during the second quarter. Round Rock Advisors LLC now owns 30,691 shares of the technology company’s stock valued at $502,000 after acquiring an additional 11,452 shares during the period. 56.29% of the stock is currently owned by institutional investors and hedge funds.

LightPath Technologies Stock Performance

Shares of NASDAQ:LPTH opened at $7.54 on Wednesday. The stock has a market capitalization of $528.10 million, a price-to-earnings ratio of -18.85 and a beta of 1.38. LightPath Technologies has a 1-year low of $5.83 and a 1-year high of $18.94. The company’s fifty day moving average is $10.66 and its two-hundred day moving average is $12.43.

LightPath Technologies Company Profile

LightPath Technologies, Inc is a photonics and optical technology company that designs, manufactures and supplies precision optical and infrared products. Its offerings include molded glass aspheric lenses, infrared optics, optical assemblies, coatings and custom-engineered components used in imaging, sensing and laser applications.

The company serves customers in markets including defense and aerospace, industrial technology, security, medical equipment and communications. Its products are incorporated into systems such as thermal imaging cameras, laser-based equipment and other optical instruments, and are sold to customers in the United States and international markets.

LightPath has expanded its capabilities through acquisitions and internal development, including the addition of infrared optics and imaging expertise.