LightPath Technologies, Inc. (NASDAQ:LPTH) Receives Average Recommendation of “Moderate Buy” from Brokerages

LightPath Technologies, Inc. (NASDAQ:LPTH) has received a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $10.1250.

A number of equities research analysts recently weighed in on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of LightPath Technologies in a research report on Wednesday, October 8th. Wall Street Zen raised LightPath Technologies from a “sell” rating to a “hold” rating in a report on Sunday, December 21st. HC Wainwright upped their target price on LightPath Technologies from $8.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, November 12th. LADENBURG THALM/SH SH upgraded shares of LightPath Technologies to a “strong-buy” rating in a research note on Thursday, December 18th. Finally, Lake Street Capital boosted their price target on shares of LightPath Technologies from $10.00 to $14.00 and gave the company a “buy” rating in a report on Tuesday, January 6th.

Insiders Place Their Bets

In related news, Director Run Strategic Opportunit North sold 770,321 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $11.72, for a total value of $9,028,162.12. Following the sale, the director owned 2,728,968 shares of the company’s stock, valued at $31,983,504.96. The trade was a 22.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 24.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On LightPath Technologies

A number of institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC grew its stake in shares of LightPath Technologies by 211.2% in the 4th quarter. SG Americas Securities LLC now owns 54,408 shares of the technology company’s stock valued at $588,000 after purchasing an additional 36,925 shares during the period. Lake Street Private Wealth LLC acquired a new stake in LightPath Technologies in the 4th quarter valued at $108,000. JPMorgan Chase & Co. bought a new stake in LightPath Technologies in the third quarter valued at $183,000. Tudor Investment Corp ET AL acquired a new position in LightPath Technologies during the third quarter worth $8,445,000. Finally, FNY Investment Advisers LLC bought a new position in shares of LightPath Technologies during the third quarter valued at $396,000. 56.29% of the stock is owned by institutional investors and hedge funds.

LightPath Technologies Stock Performance

NASDAQ LPTH opened at $12.34 on Monday. The company’s fifty day moving average is $8.46 and its two-hundred day moving average is $6.48. LightPath Technologies has a 52-week low of $1.61 and a 52-week high of $12.75. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.98 and a quick ratio of 1.26. The firm has a market capitalization of $561.84 million, a price-to-earnings ratio of -31.64 and a beta of 0.98.

LightPath Technologies Company Profile

LightPath Technologies, Inc designs, manufactures and distributes precision optical components and assemblies for a variety of commercial, industrial, defense and scientific applications. The company’s portfolio includes molded glass aspheric lenses, precision glass optics, infrared lenses and assemblies, diamond-turned optics and molded polymer optics. These components are engineered to support imaging, illumination, laser delivery, detection and sensing systems across visible, ultraviolet and infrared wavelengths.

Among its core offerings, LightPath develops infrared optical solutions using materials such as germanium, zinc selenide and chalcogenide glasses for thermal imaging, night-vision devices and spectroscopy.