nLIGHT, Inc. (NASDAQ:LASR) Receives Average Recommendation of “Buy” from Analysts

Shares of nLIGHT, Inc. (NASDAQ:LASRGet Rating) have been given a consensus rating of “Buy” by the seven research firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $31.00.

A number of equities analysts recently issued reports on the stock. DA Davidson decreased their target price on shares of nLIGHT from $48.00 to $38.00 in a research report on Friday, February 18th. Needham & Company LLC decreased their target price on shares of nLIGHT from $35.00 to $21.00 and set a “buy” rating for the company in a research report on Friday, February 18th. TheStreet lowered shares of nLIGHT from a “c-” rating to a “d” rating in a research report on Friday, February 18th. Zacks Investment Research upgraded shares of nLIGHT from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Raymond James cut their price target on shares of nLIGHT from $50.00 to $40.00 and set a “strong-buy” rating for the company in a report on Friday, February 18th.

A number of hedge funds have recently bought and sold shares of the business. Marshall Wace LLP purchased a new stake in shares of nLIGHT in the first quarter worth approximately $379,000. Morgan Stanley lifted its position in shares of nLIGHT by 139.0% in the second quarter. Morgan Stanley now owns 60,288 shares of the company’s stock worth $2,188,000 after purchasing an additional 35,063 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of nLIGHT in the third quarter worth approximately $455,000. EMC Capital Management increased its holdings in nLIGHT by 21.6% in the third quarter. EMC Capital Management now owns 60,981 shares of the company’s stock worth $1,715,000 after buying an additional 10,825 shares during the last quarter. Finally, Raymond James & Associates increased its holdings in nLIGHT by 29.4% in the third quarter. Raymond James & Associates now owns 104,605 shares of the company’s stock worth $2,949,000 after buying an additional 23,739 shares during the last quarter. 90.18% of the stock is owned by institutional investors.

nLIGHT stock opened at $14.07 on Friday. The company has a 50-day simple moving average of $16.31 and a 200-day simple moving average of $21.74. The firm has a market capitalization of $623.82 million, a P/E ratio of -20.10 and a beta of 2.36. nLIGHT has a one year low of $13.85 and a one year high of $36.95.

nLIGHT (NASDAQ:LASRGet Rating) last released its quarterly earnings results on Thursday, February 17th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.16. nLIGHT had a negative net margin of 10.98% and a negative return on equity of 8.89%. During the same quarter last year, the company earned ($0.10) earnings per share. As a group, research analysts expect that nLIGHT will post -0.63 earnings per share for the current year.

nLIGHT Company Profile (Get Rating)

nLIGHT, Inc designs, manufactures, and sells semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. It operates in two segments, Laser Products and Advanced Development. The company also provides fiber amplifiers, and beam combination and control systems for use in high-energy laser systems in directed energy applications.

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