Lantronix (NASDAQ:LTRX) Earns “Buy” Rating from Needham & Company LLC

Lantronix (NASDAQ:LTRX)‘s stock had its “buy” rating restated by equities research analysts at Needham & Company LLC in a report issued on Thursday,Benzinga reports. They currently have a $11.00 price objective on the technology company’s stock. Needham & Company LLC’s target price would suggest a potential upside of 94.35% from the stock’s previous close.

A number of other research analysts have also recently issued reports on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Lantronix in a research note on Friday, July 17th. UBS Group reiterated a “buy” rating on shares of Lantronix in a research note on Friday, June 12th. Canaccord Genuity Group increased their price objective on Lantronix from $10.50 to $11.00 and gave the company a “buy” rating in a report on Thursday, July 9th. JonesTrading started coverage on Lantronix in a research report on Wednesday, July 15th. They issued a “buy” rating and a $12.00 price objective for the company. Finally, Wall Street Zen lowered shares of Lantronix from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Six research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $10.40.

Lantronix Price Performance

Shares of NASDAQ:LTRX opened at $5.66 on Thursday. The business has a 50 day moving average price of $5.74 and a 200 day moving average price of $6.05. The company has a quick ratio of 1.80, a current ratio of 2.74 and a debt-to-equity ratio of 0.12. The company has a market cap of $248.93 million, a price-to-earnings ratio of -33.29 and a beta of 1.70. Lantronix has a twelve month low of $3.58 and a twelve month high of $8.75.

Lantronix (NASDAQ:LTRX) last released its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. Lantronix had a negative net margin of 5.52% and a negative return on equity of 6.79%. The firm had revenue of $31.15 million for the quarter, compared to analyst estimates of $30.69 million. Lantronix has set its Q1 2027 guidance at 0.040-0.060 EPS. Research analysts predict that Lantronix will post -0.11 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Invesco Ltd. acquired a new stake in shares of Lantronix in the 4th quarter worth about $68,000. Globeflex Capital L P bought a new position in shares of Lantronix in the second quarter worth $76,000. Bridgeway Capital Management LLC bought a new stake in Lantronix during the 3rd quarter worth approximately $85,000. Balyasny Asset Management L.P. purchased a new stake in Lantronix in the fourth quarter valued at approximately $86,000. Finally, XTX Topco Ltd purchased a new position in shares of Lantronix during the 2nd quarter valued at about $86,000. 39.38% of the stock is owned by institutional investors.

About Lantronix

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.