Lantronix (NASDAQ:LTRX) Upgraded at Wall Street Zen

Lantronix (NASDAQ:LTRX) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday.

A number of other equities analysts have also recently issued reports on LTRX. Craig Hallum restated a “buy” rating and issued a $10.00 target price on shares of Lantronix in a report on Thursday. Weiss Ratings reissued a “sell (d-)” rating on shares of Lantronix in a research note on Thursday, January 22nd. Needham & Company LLC upped their price objective on shares of Lantronix from $7.50 to $8.50 and gave the company a “buy” rating in a research note on Thursday. Finally, Lake Street Capital lifted their target price on shares of Lantronix from $6.00 to $8.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $7.38.

Lantronix Trading Up 6.2%

Shares of LTRX stock opened at $6.18 on Friday. The stock has a 50-day simple moving average of $6.13 and a 200 day simple moving average of $4.98. The stock has a market capitalization of $243.24 million, a P/E ratio of -25.75 and a beta of 1.51. Lantronix has a fifty-two week low of $1.91 and a fifty-two week high of $8.24. The company has a quick ratio of 1.93, a current ratio of 3.01 and a debt-to-equity ratio of 0.14.

Lantronix (NASDAQ:LTRX) last issued its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The company had revenue of $29.77 million during the quarter, compared to the consensus estimate of $29.94 million. Lantronix had a negative net margin of 7.90% and a negative return on equity of 10.35%. Lantronix has set its Q3 2026 guidance at 0.030-0.060 EPS. On average, sell-side analysts expect that Lantronix will post -0.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lantronix

A number of hedge funds have recently added to or reduced their stakes in LTRX. Bailard Inc. acquired a new stake in shares of Lantronix in the third quarter worth $49,000. R Squared Ltd acquired a new position in Lantronix in the 2nd quarter valued at approximately $32,000. Thompson Davis & CO. Inc. bought a new stake in shares of Lantronix in the 4th quarter worth approximately $97,000. Bridgeway Capital Management LLC acquired a new stake in shares of Lantronix during the 3rd quarter worth approximately $85,000. Finally, Squarepoint Ops LLC increased its position in shares of Lantronix by 52.7% during the third quarter. Squarepoint Ops LLC now owns 19,283 shares of the technology company’s stock valued at $88,000 after purchasing an additional 6,654 shares during the period. Institutional investors and hedge funds own 39.38% of the company’s stock.

About Lantronix

Lantronix, Inc is a provider of secure data access and management solutions designed to simplify the deployment, monitoring and control of devices and equipment across a wide range of industries. Headquartered in Irvine, California, the company develops hardware and software products that enable connectivity for smart devices, industrial machinery, IT infrastructure and other systems in the Internet of Things (IoT) ecosystem.

Founded in 1989, Lantronix was among the early innovators in serial-to-Ethernet device networking and has since expanded its portfolio to include secure console servers, device servers, gateways and embedded modules.