Stock analysts at StockNews.com initiated coverage on shares of LightPath Technologies (NASDAQ:LPTH – Get Free Report) in a research report issued on Saturday. The brokerage set a “hold” rating on the technology company’s stock.
Separately, Lake Street Capital started coverage on shares of LightPath Technologies in a research note on Thursday, January 18th. They issued a “buy” rating and a $3.00 price objective for the company.
Read Our Latest Stock Report on LightPath Technologies
LightPath Technologies Trading Down 1.3 %
LightPath Technologies (NASDAQ:LPTH – Get Free Report) last issued its earnings results on Thursday, February 8th. The technology company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). LightPath Technologies had a negative return on equity of 14.22% and a negative net margin of 15.48%. The business had revenue of $7.32 million for the quarter, compared to the consensus estimate of $8.72 million. As a group, research analysts forecast that LightPath Technologies will post -0.14 EPS for the current year.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in LPTH. Jane Street Group LLC bought a new stake in shares of LightPath Technologies during the first quarter valued at about $30,000. Virtu Financial LLC bought a new stake in LightPath Technologies during the 1st quarter worth approximately $36,000. Charles Schwab Investment Management Inc. purchased a new stake in LightPath Technologies in the 2nd quarter worth approximately $33,000. Tower Research Capital LLC TRC lifted its stake in LightPath Technologies by 69.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 29,075 shares of the technology company’s stock worth $31,000 after purchasing an additional 11,908 shares in the last quarter. Finally, Commonwealth Equity Services LLC bought a new position in LightPath Technologies in the 3rd quarter valued at $50,000. Institutional investors own 56.29% of the company’s stock.
LightPath Technologies Company Profile
LightPath Technologies, Inc designs, develops, manufactures, and distributes optical components and assemblies. The company offers precision molded glass aspheric optics, molded and diamond-turned infrared aspheric lenses, and other optical components used to produce products that manipulate light; and infrared products, including catalog and custom infrared optics.
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