Brokerages Set Lantronix, Inc. (NASDAQ:LTRX) PT at $9.80

Lantronix, Inc. (NASDAQ:LTRX) has been assigned an average rating of “Buy” from the four brokerages that are covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a buy rating. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $9.80.

A number of analysts have recently weighed in on the stock. Roth Capital restated a “buy” rating and issued a $12.00 price objective on shares of Lantronix in a research note on Friday. Needham & Company LLC reaffirmed a “buy” rating and issued a $8.50 price target on shares of Lantronix in a research report on Friday. TheStreet cut Lantronix from a “c-” rating to a “d” rating in a research report on Thursday. Roth Mkm reaffirmed a “buy” rating and issued a $10.50 target price on shares of Lantronix in a report on Wednesday, September 6th. Finally, Canaccord Genuity Group upped their price target on Lantronix from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Friday.

Lantronix Trading Up 28.3 %

Lantronix stock opened at $5.13 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.96 and a current ratio of 2.09. The firm’s 50-day moving average is $4.24 and its 200-day moving average is $4.32. Lantronix has a 1 year low of $3.52 and a 1 year high of $6.05. The company has a market cap of $187.86 million, a P/E ratio of -20.52 and a beta of 2.06.

Lantronix (NASDAQ:LTRX) last posted its quarterly earnings data on Thursday, September 7th. The technology company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $34.92 million for the quarter, compared to analyst estimates of $35.20 million. Lantronix had a negative net margin of 6.85% and a negative return on equity of 11.35%. During the same quarter last year, the business earned $0.07 earnings per share. On average, equities analysts expect that Lantronix will post 0.16 earnings per share for the current year.

Hedge Funds Weigh In On Lantronix

Several institutional investors have recently bought and sold shares of LTRX. Legato Capital Management LLC grew its holdings in shares of Lantronix by 28.5% during the second quarter. Legato Capital Management LLC now owns 167,206 shares of the technology company’s stock worth $704,000 after purchasing an additional 37,133 shares during the last quarter. Worth Venture Partners LLC raised its position in Lantronix by 49.8% in the 2nd quarter. Worth Venture Partners LLC now owns 32,378 shares of the technology company’s stock worth $136,000 after purchasing an additional 10,766 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Lantronix during the second quarter worth $58,000. Stifel Financial Corp lifted its stake in shares of Lantronix by 24.4% during the second quarter. Stifel Financial Corp now owns 73,038 shares of the technology company’s stock valued at $307,000 after acquiring an additional 14,313 shares during the period. Finally, Boothbay Fund Management LLC bought a new stake in shares of Lantronix during the second quarter worth approximately $119,000. Institutional investors own 37.21% of the company’s stock.

About Lantronix

Lantronix, Inc provides solutions for video surveillance, traffic management, infotainment systems, robotics, edge computing, and remote environment management in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT System Solutions, which provide wired and wireless connections that enhance the value and utility of modern electronic systems and equipment through secure network connectivity, power for IoT end devices through Power over Ethernet, application hosting, protocol conversion, media conversion, secure access for distributed IoT deployments, and various other functions; Embedded IoT Modules, such as application processing delivering compute to meet customer needs for data transformation, computer vision, machine learning, augmented/virtual reality, audio/video aggregation and distribution, and custom applications; and Software and Engineering Services offers SaaS platform enables customers to deploy, monitor, manage, and automate across their global deployments through a single platform login.