LightPath Technologies (NASDAQ:LPTH) Given New $5.00 Price Target at LADENBURG THALM/SH SH

LightPath Technologies (NASDAQ:LPTH) had its price target increased by LADENBURG THALM/SH SH from $3.00 to $5.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have a buy rating on the technology company’s stock.

A number of other analysts also recently issued reports on LPTH. StockNews.com downgraded LightPath Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, December 25th. HC Wainwright reaffirmed a “buy” rating and set a $3.00 price objective on shares of LightPath Technologies in a research report on Friday, September 20th. Finally, Lake Street Capital boosted their target price on LightPath Technologies from $3.00 to $4.00 and gave the company a “buy” rating in a research report on Friday, December 27th.

LightPath Technologies Stock Performance

LPTH opened at $3.79 on Thursday. The firm has a market capitalization of $150.33 million, a PE ratio of -17.23 and a beta of 1.32. The firm’s 50-day moving average price is $2.07 and its 200 day moving average price is $1.60. LightPath Technologies has a twelve month low of $1.04 and a twelve month high of $4.09. The company has a current ratio of 1.73, a quick ratio of 1.03 and a debt-to-equity ratio of 0.03.

Hedge Funds Weigh In On LightPath Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LPTH. AIGH Capital Management LLC lifted its stake in LightPath Technologies by 5.7% in the second quarter. AIGH Capital Management LLC now owns 3,723,932 shares of the technology company’s stock worth $4,692,000 after acquiring an additional 200,000 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in shares of LightPath Technologies by 104.7% during the second quarter. B. Riley Wealth Advisors Inc. now owns 131,824 shares of the technology company’s stock worth $166,000 after purchasing an additional 67,429 shares during the last quarter. Finally, Murphy Pohlad Asset Management LLC boosted its position in shares of LightPath Technologies by 22.3% in the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 69,100 shares of the technology company’s stock valued at $95,000 after purchasing an additional 12,600 shares during the period. Hedge funds and other institutional investors own 56.29% of the company’s stock.

About LightPath Technologies

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.