Lantronix, Inc. (NASDAQ:LTRX) Receives Average Recommendation of “Moderate Buy” from Analysts

Lantronix, Inc. (NASDAQ:LTRX) has been given a consensus rating of “Moderate Buy” by the six analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $9.8750.

A number of equities research analysts have issued reports on the stock. Wall Street Zen cut shares of Lantronix from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 14th. UBS Group reiterated a “buy” rating on shares of Lantronix in a research note on Friday, June 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lantronix in a research report on Tuesday, April 21st. Canaccord Genuity Group began coverage on Lantronix in a research note on Monday, June 8th. They set a “buy” rating and a $10.50 target price for the company. Finally, Needham & Company LLC initiated coverage on Lantronix in a report on Friday, June 12th. They issued a “buy” rating and a $11.00 target price on the stock.

Institutional Investors Weigh In On Lantronix

Several hedge funds have recently modified their holdings of LTRX. Ritholtz Wealth Management raised its stake in shares of Lantronix by 1.5% in the 1st quarter. Ritholtz Wealth Management now owns 129,873 shares of the technology company’s stock valued at $681,000 after buying an additional 1,971 shares in the last quarter. Thompson Davis & CO. Inc. boosted its position in shares of Lantronix by 14.8% during the 1st quarter. Thompson Davis & CO. Inc. now owns 18,950 shares of the technology company’s stock valued at $99,000 after acquiring an additional 2,450 shares in the last quarter. R Squared Ltd boosted its position in shares of Lantronix by 28.7% during the 4th quarter. R Squared Ltd now owns 18,107 shares of the technology company’s stock valued at $106,000 after acquiring an additional 4,034 shares in the last quarter. Squarepoint Ops LLC increased its stake in Lantronix by 52.7% in the third quarter. Squarepoint Ops LLC now owns 19,283 shares of the technology company’s stock valued at $88,000 after acquiring an additional 6,654 shares during the period. Finally, Engineers Gate Manager LP increased its stake in Lantronix by 79.1% in the fourth quarter. Engineers Gate Manager LP now owns 20,964 shares of the technology company’s stock valued at $123,000 after acquiring an additional 9,256 shares during the period. 39.38% of the stock is owned by institutional investors.

Lantronix Price Performance

Shares of Lantronix stock opened at $5.49 on Friday. The company has a current ratio of 2.74, a quick ratio of 1.80 and a debt-to-equity ratio of 0.12. The firm has a fifty day simple moving average of $6.55 and a 200-day simple moving average of $6.19. The stock has a market capitalization of $241.45 million, a price-to-earnings ratio of -32.29 and a beta of 1.69. Lantronix has a 1-year low of $2.86 and a 1-year high of $8.75.

Lantronix (NASDAQ:LTRX) last posted its earnings results on Wednesday, May 6th. The technology company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The firm had revenue of $30.18 million during the quarter, compared to analyst estimates of $30.49 million. Lantronix had a negative net margin of 5.52% and a negative return on equity of 6.79%. Lantronix has set its Q4 2026 guidance at 0.030-0.050 EPS. On average, sell-side analysts expect that Lantronix will post -0.11 earnings per share for the current year.

Lantronix Company Profile

Lantronix, Inc is a provider of secure data access and management solutions designed to simplify the deployment, monitoring and control of devices and equipment across a wide range of industries. Headquartered in Irvine, California, the company develops hardware and software products that enable connectivity for smart devices, industrial machinery, IT infrastructure and other systems in the Internet of Things (IoT) ecosystem.

Founded in 1989, Lantronix was among the early innovators in serial-to-Ethernet device networking and has since expanded its portfolio to include secure console servers, device servers, gateways and embedded modules.