Lyntris (NYSE:LYNX) Now Covered by Bank of America

Equities research analysts at Bank of America began coverage on shares of Lyntris (NYSE:LYNX) in a research report issued on Monday, Benzinga reports. The firm set a “buy” rating and a $21.00 price target on the stock. Bank of America‘s target price suggests a potential upside of 65.48% from the company’s previous close.

Several other research firms have also commented on LYNX. Wall Street Zen upgraded shares of Lyntris to a “hold” rating in a research note on Saturday, August 29th. William Blair assumed coverage on Lyntris in a research report on Monday. They set an “outperform” rating on the stock. Five research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $21.00.

Lyntris Stock Down 0.4%

Shares of Lyntris stock opened at $12.69 on Monday. Lyntris has a one year low of $12.21 and a one year high of $16.00.

Insider Buying and Selling at Lyntris

In other Lyntris news, President Matthew Alty sold 238,583 shares of the firm’s stock in a transaction on Thursday, August 20th. The shares were 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 approximately $29,435,251.65. This trade represents a 11.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Tim Paulin sold 55,169 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 transaction of $907,530.05. Following the sale, the chief financial officer owned 496,525 shares of the company’s stock, valued at $8,167,836.25. The trade was a 10.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 8,912,282 shares of company stock worth $155,357,039 in the last three months.

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.