HC Wainwright Issues Pessimistic Forecast for LPTH Earnings

LightPath Technologies, Inc. (NASDAQ:LPTH) – Equities researchers at HC Wainwright reduced their FY2025 earnings per share (EPS) estimates for shares of LightPath Technologies in a note issued to investors on Monday, May 19th. HC Wainwright analyst S. Buck now expects that the technology company will earn ($0.22) per share for the year, down from their prior estimate of ($0.19). HC Wainwright currently has a “Buy” rating and a $5.00 target price on the stock. The consensus estimate for LightPath Technologies’ current full-year earnings is ($0.18) per share. HC Wainwright also issued estimates for LightPath Technologies’ FY2026 earnings at ($0.14) EPS.

Separately, Craig Hallum assumed coverage on LightPath Technologies in a report on Monday, April 28th. They issued a “buy” rating and a $5.50 price objective for the company. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $4.88.

LightPath Technologies Stock Up 5.4%

Shares of LightPath Technologies stock opened at $2.33 on Wednesday. The company has a current ratio of 1.53, a quick ratio of 0.90 and a debt-to-equity ratio of 0.03. The business’s 50 day simple moving average is $2.15 and its 200-day simple moving average is $2.40. The stock has a market capitalization of $99.95 million, a price-to-earnings ratio of -9.71 and a beta of 0.84. LightPath Technologies has a twelve month low of $1.04 and a twelve month high of $4.42.

LightPath Technologies (NASDAQ:LPTH) last announced its quarterly earnings results on Thursday, May 15th. The technology company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.05). The company had revenue of $9.17 million for the quarter, compared to analyst estimates of $8.78 million. LightPath Technologies had a negative return on equity of 31.13% and a negative net margin of 28.57%. During the same quarter in the previous year, the company posted ($0.07) earnings per share.

Hedge Funds Weigh In On LightPath Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. EAM Investors LLC bought a new position in LightPath Technologies during the 4th quarter valued at $1,102,000. Geode Capital Management LLC boosted its stake in LightPath Technologies by 15.0% during the 4th quarter. Geode Capital Management LLC now owns 389,619 shares of the technology company’s stock valued at $1,376,000 after purchasing an additional 50,767 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in LightPath Technologies during the 4th quarter valued at $32,000. Price T Rowe Associates Inc. MD boosted its stake in LightPath Technologies by 101.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 30,800 shares of the technology company’s stock valued at $109,000 after purchasing an additional 15,500 shares in the last quarter. Finally, Legato Capital Management LLC bought a new position in LightPath Technologies during the 4th quarter valued at $83,000. 56.29% of the stock is owned by institutional investors.

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.