Lantronix, Inc. (NASDAQ:LTRX) Stock Rated “Moderate Buy” by Sell-Side Brokerages

Shares of Lantronix, Inc. (NASDAQ:LTRX) have been given an average recommendation of “Moderate Buy” by the seven ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $10.80.

A number of research firms have weighed in on LTRX. Lake Street Capital lifted their target price on Lantronix from $8.00 to $10.00 and gave the company a “buy” rating in a report on Friday, September 18th. Wall Street Zen raised shares of Lantronix from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. Needham & Company LLC restated a “buy” rating and issued a $11.00 price objective on shares of Lantronix in a research report on Thursday, August 27th. Weiss Ratings restated a “sell (d-)” rating on shares of Lantronix in a research report on Thursday. Finally, JonesTrading assumed coverage on shares of Lantronix in a research note on Wednesday, July 15th. They set a “buy” rating and a $12.00 price objective for the company.

Lantronix Trading Down 4.1%

Lantronix stock opened at $5.61 on Friday. The firm has a market capitalization of $263.00 million, a price-to-earnings ratio of -51.00 and a beta of 1.61. Lantronix has a 1-year low of $4.37 and a 1-year high of $8.75. The firm has a 50 day simple moving average of $6.07 and a 200 day simple moving average of $6.09.

Lantronix (NASDAQ:LTRX) last released its quarterly earnings data on Wednesday, August 26th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The company had revenue of $31.15 million for the quarter, compared to analyst estimates of $30.69 million. Lantronix had a negative return on equity of 4.88% and a negative net margin of 3.46%. Lantronix has set its Q1 2027 guidance at 0.040-0.060 EPS. On average, equities research analysts forecast that Lantronix will post 0.10 EPS for the current year.

Insider Transactions at Lantronix

In other news, CEO Saleel Awsare bought 15,000 shares of the stock in a transaction on Wednesday, September 9th. The shares were acquired at an average cost of $5.18 per share, for a total transaction of $77,700.00. Following the purchase, the chief executive officer directly owned 453,381 shares of the company’s stock, valued at $2,348,513.58. This trade represents a 3.42% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in LTRX. Globeflex Capital L P bought a new position in shares of Lantronix in the second quarter worth $76,000. Thompson Davis & CO. Inc. boosted its stake in Lantronix by 14.8% during the first quarter. Thompson Davis & CO. Inc. now owns 18,950 shares of the technology company’s stock valued at $99,000 after buying an additional 2,450 shares during the period. Bank of America Corp DE boosted its stake in Lantronix by 210.7% during the first quarter. Bank of America Corp DE now owns 38,589 shares of the technology company’s stock valued at $202,000 after buying an additional 26,170 shares during the period. Kestra Private Wealth Services LLC purchased a new position in Lantronix during the first quarter worth about $363,000. Finally, Bank of New York Mellon Corp increased its stake in Lantronix by 236.4% in the 1st quarter. Bank of New York Mellon Corp now owns 87,316 shares of the technology company’s stock worth $458,000 after acquiring an additional 61,358 shares during the last quarter. 39.38% of the stock is currently owned by hedge funds and other institutional investors.

About Lantronix

Lantronix, Inc is a provider of intelligent edge and Internet of Things (IoT) solutions. The company develops hardware, software and services that help organizations connect, manage and secure devices and equipment across distributed networks.

Its product portfolio includes embedded computing and networking modules, IoT gateways, industrial and enterprise networking equipment, device-management software, cellular and wireless connectivity solutions, and remote-access and out-of-band management products.