nLight (NASDAQ:LASR) Receives $27.42 Consensus PT from Brokerages

nLight (NASDAQ:LASR) has received an average recommendation of “Buy” from the six brokerages that are covering the firm, MarketBeat reports. Five analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $27.4167.

Several brokerages have issued reports on LASR. Wall Street Zen raised nLight from a “hold” rating to a “buy” rating in a research report on Saturday, September 20th. Benchmark raised their target price on nLight from $15.00 to $25.00 and gave the stock a “speculative buy” rating in a research report on Friday, August 8th. Cantor Fitzgerald raised their target price on nLight from $27.50 to $33.50 and gave the stock an “overweight” rating in a research report on Monday, September 15th. Raymond James Financial reissued a “strong-buy” rating on shares of nLight in a research report on Friday, August 8th. Finally, Craig Hallum reaffirmed a “buy” rating and set a $24.00 price objective (up from $14.00) on shares of nLight in a research report on Thursday, June 26th.

Insider Transactions at nLight

In other news, CFO Joseph John Corso sold 38,284 shares of nLight stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $28.29, for a total transaction of $1,083,054.36. Following the transaction, the chief financial officer directly owned 273,118 shares of the company’s stock, valued at $7,726,508.22. The trade was a 12.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Scott H. Keeney sold 62,507 shares of nLight stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $30.99, for a total value of $1,937,091.93. Following the transaction, the chief executive officer directly owned 2,319,038 shares in the company, valued at approximately $71,866,987.62. The trade was a 2.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 374,980 shares of company stock worth $10,650,501. Insiders own 6.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Osaic Holdings Inc. lifted its position in shares of nLight by 1,599.1% during the 2nd quarter. Osaic Holdings Inc. now owns 1,835 shares of the company’s stock valued at $36,000 after buying an additional 1,727 shares in the last quarter. Squarepoint Ops LLC purchased a new position in nLight in the 2nd quarter worth approximately $2,546,000. State of Wyoming lifted its holdings in nLight by 37.2% in the 2nd quarter. State of Wyoming now owns 20,251 shares of the company’s stock worth $399,000 after purchasing an additional 5,489 shares in the last quarter. Caxton Associates LLP purchased a new position in nLight in the 2nd quarter worth approximately $364,000. Finally, FORA Capital LLC purchased a new position in nLight in the 2nd quarter worth approximately $227,000. 83.88% of the stock is owned by hedge funds and other institutional investors.

nLight Stock Performance

Shares of NASDAQ:LASR opened at $29.13 on Friday. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of -30.66 and a beta of 2.44. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.41 and a current ratio of 5.63. The stock’s 50-day simple moving average is $26.37 and its two-hundred day simple moving average is $17.66. nLight has a 52-week low of $6.20 and a 52-week high of $32.24.

nLight (NASDAQ:LASR) last announced its earnings results on Thursday, August 7th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.15. The business had revenue of $61.74 million for the quarter, compared to analysts’ expectations of $55.24 million. nLight had a negative return on equity of 19.12% and a negative net margin of 21.66%.The business’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same period last year, the firm posted ($0.10) earnings per share. nLight has set its Q3 2025 guidance at EPS. Analysts expect that nLight will post -1.1 EPS for the current year.

About nLight

nLIGHT, Inc designs, develops, manufactures, and sells semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. The company operates in two segments, Laser Products and Advanced Development. It offers semiconductor lasers with various ranges of power levels, wavelengths, and output fiber sizes; and programmable and serviceable fiber lasers for use in industrial and aerospace and defense applications.