nLight (NASDAQ:LASR) Stock Rating Upgraded by Wall Street Zen

nLight (NASDAQ:LASR) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Sunday.

LASR has been the subject of several other reports. Stifel Nicolaus raised their price objective on shares of nLight from $26.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Canaccord Genuity Group upgraded shares of nLight to a “buy” rating in a research report on Wednesday, December 17th. Zacks Research lowered shares of nLight from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Needham & Company LLC lifted their target price on nLight from $32.00 to $39.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Finally, Cantor Fitzgerald increased their price target on nLight from $33.50 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.29.

nLight Stock Down 0.0%

LASR opened at $40.02 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.36 and a current ratio of 5.63. nLight has a one year low of $6.20 and a one year high of $41.52. The business’s 50-day simple moving average is $35.24 and its 200-day simple moving average is $29.33. The stock has a market capitalization of $2.03 billion, a P/E ratio of -45.48 and a beta of 2.33.

Insider Transactions at nLight

In related news, CFO Joseph John Corso sold 66,075 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $36.32, for a total transaction of $2,399,844.00. Following the completion of the transaction, the chief financial officer owned 196,224 shares of the company’s stock, valued at $7,126,855.68. This trade represents a 25.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO James Nias sold 1,200 shares of the business’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $30.00, for a total transaction of $36,000.00. Following the completion of the sale, the chief accounting officer owned 99,512 shares in the company, valued at approximately $2,985,360. This trade represents a 1.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 141,262 shares of company stock worth $5,101,910. Corporate insiders own 4.70% of the company’s stock.

Institutional Trading of nLight

Large investors have recently added to or reduced their stakes in the business. Invesco Ltd. increased its holdings in shares of nLight by 377.2% in the third quarter. Invesco Ltd. now owns 1,057,281 shares of the company’s stock valued at $31,327,000 after buying an additional 835,720 shares in the last quarter. Portolan Capital Management LLC acquired a new stake in shares of nLight during the third quarter worth $22,809,000. Vanguard Group Inc. raised its position in shares of nLight by 18.2% during the third quarter. Vanguard Group Inc. now owns 4,864,312 shares of the company’s stock worth $144,130,000 after purchasing an additional 747,958 shares during the period. AIGH Capital Management LLC purchased a new stake in shares of nLight during the second quarter valued at $11,810,000. Finally, Marshall Wace LLP boosted its position in shares of nLight by 537.8% in the 3rd quarter. Marshall Wace LLP now owns 631,486 shares of the company’s stock valued at $18,711,000 after purchasing an additional 532,470 shares during the period. 83.88% of the stock is currently owned by institutional investors.

nLight Company Profile

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. The company also provides laser sensors, including light detection and ranging technologies for intelligence, surveillance, and reconnaissance applications; and fiber amplifiers, beam combination, and control systems for use in high-energy laser systems in directed energy applications.