nLIGHT, Inc. (NASDAQ:LASR) CAO James Nias Sells 975 Shares of Stock

nLIGHT, Inc. (NASDAQ:LASRGet Rating) CAO James Nias sold 975 shares of the stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $10.54, for a total transaction of $10,276.50. Following the sale, the chief accounting officer now owns 43,303 shares of the company’s stock, valued at approximately $456,413.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

nLIGHT Stock Down 0.7 %

Shares of NASDAQ:LASR opened at $10.71 on Tuesday. The company has a market cap of $485.24 million, a P/E ratio of -11.64 and a beta of 2.29. nLIGHT, Inc. has a 52 week low of $8.22 and a 52 week high of $27.37. The company has a 50-day moving average price of $10.28 and a 200 day moving average price of $11.25.

nLIGHT (NASDAQ:LASRGet Rating) last announced its quarterly earnings data on Thursday, November 3rd. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.05). The firm had revenue of $60.09 million during the quarter, compared to analyst estimates of $65.04 million. nLIGHT had a negative net margin of 16.09% and a negative return on equity of 13.16%. Analysts expect that nLIGHT, Inc. will post -1 EPS for the current year.

Institutional Investors Weigh In On nLIGHT

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of nLIGHT by 7.4% during the 3rd quarter. Vanguard Group Inc. now owns 4,337,527 shares of the company’s stock valued at $40,990,000 after acquiring an additional 297,883 shares during the period. BlackRock Inc. lifted its position in shares of nLIGHT by 1.7% during the 3rd quarter. BlackRock Inc. now owns 3,020,799 shares of the company’s stock valued at $28,546,000 after acquiring an additional 51,159 shares during the period. TimesSquare Capital Management LLC lifted its position in shares of nLIGHT by 23.4% during the 1st quarter. TimesSquare Capital Management LLC now owns 1,983,080 shares of the company’s stock valued at $34,387,000 after acquiring an additional 375,800 shares during the period. Bank of New York Mellon Corp lifted its position in shares of nLIGHT by 7.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,938,556 shares of the company’s stock valued at $18,320,000 after acquiring an additional 128,074 shares during the period. Finally, Clearbridge Investments LLC lifted its position in shares of nLIGHT by 8.0% during the 2nd quarter. Clearbridge Investments LLC now owns 1,788,278 shares of the company’s stock valued at $18,276,000 after acquiring an additional 132,757 shares during the period. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LASR has been the subject of several recent research reports. Stifel Nicolaus initiated coverage on shares of nLIGHT in a research note on Friday, November 4th. They set a “buy” rating for the company. Raymond James decreased their target price on shares of nLIGHT from $40.00 to $30.00 in a research note on Sunday, November 6th. DA Davidson decreased their target price on shares of nLIGHT to $23.00 in a research note on Tuesday, August 9th. Finally, Needham & Company LLC decreased their target price on shares of nLIGHT from $16.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, November 4th. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $20.75.

About nLIGHT

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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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