Lyntris (NYSE:LYNX) Price Target Raised to $25.00

Lyntris (NYSE:LYNX) had its price objective lifted by equities research analysts at Guggenheim from $20.00 to $25.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Guggenheim‘s target price would suggest a potential upside of 125.02% from the stock’s previous close.

Other analysts also recently issued research reports about the company. Robert W. Baird upgraded Lyntris from a “neutral” rating to an “outperform” rating and set a $18.00 price target on the stock in a research note on Thursday. UBS Group set a $21.00 price objective on Lyntris in a research note on Monday, September 14th. Bank of America initiated coverage on Lyntris in a report on Monday, September 14th. They issued a “buy” rating and a $21.00 target price on the stock. William Blair assumed coverage on Lyntris in a research note on Monday, September 14th. They issued an “outperform” rating on the stock. Finally, Citigroup assumed coverage on Lyntris in a report on Monday, September 14th. They set a “buy” rating and a $19.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Lyntris currently has a consensus rating of “Buy” and a consensus target price of $20.57.

Lyntris Price Performance

Shares of NYSE:LYNX traded up $1.72 during midday trading on Thursday, reaching $11.11. The company’s stock had a trading volume of 615,004 shares, compared to its average volume of 525,257. The business has a 50 day moving average of $12.38. Lyntris has a 12-month low of $8.75 and a 12-month high of $16.00.

Lyntris (NYSE:LYNX) last issued its quarterly earnings results on Thursday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.07. The business had revenue of $194.43 million for the quarter. During the same period in the prior year, the business posted $0.02 earnings per share. Lyntris’s revenue for the quarter was up 90.4% compared to the same quarter last year. Equities analysts anticipate that Lyntris will post 0.15 EPS for the current fiscal year.

Insider Activity at Lyntris

In other Lyntris news, Director Brian Raduenz sold 98,445 shares of Lyntris stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $16.45, for a total value of $1,619,420.25. Following the completion of the sale, the director owned 177,203 shares of the company’s stock, valued at approximately $2,914,989.35. This trade represents a 35.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Matthew Alty sold 238,583 shares of the business’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $16.45, for a total value of $3,924,690.35. Following the completion of the transaction, the president owned 1,789,377 shares of the company’s stock, valued at $29,435,251.65. This represents a 11.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 8,912,282 shares of company stock valued at $155,357,039 over the last ninety days.

About Lyntris

Lyntris Inc is a defense technology company delivering sense-to-act connectivity solutions for the modern, connected battlespace. Lyntris Inc is based in WASHINGTON.