Analysts Set Lantronix, Inc. (NASDAQ:LTRX) PT at $7.38

Lantronix, Inc. (NASDAQ:LTRX) has been assigned a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $7.3750.

Several equities analysts have recently commented on LTRX shares. Craig Hallum reiterated a “buy” rating and set a $10.00 price objective on shares of Lantronix in a research report on Thursday, February 5th. Wall Street Zen upgraded shares of Lantronix from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 7th. Weiss Ratings restated a “sell (d-)” rating on shares of Lantronix in a report on Tuesday. Finally, Needham & Company LLC increased their target price on shares of Lantronix from $7.50 to $8.50 and gave the company a “buy” rating in a report on Thursday, February 5th.

Lantronix Price Performance

LTRX stock opened at $6.40 on Tuesday. The firm has a 50 day simple moving average of $5.85 and a two-hundred day simple moving average of $5.69. The stock has a market cap of $254.02 million, a PE ratio of -26.67 and a beta of 1.58. Lantronix has a one year low of $2.03 and a one year high of $8.24. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.75 and a quick ratio of 1.79.

Lantronix (NASDAQ:LTRX) last posted its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.01. Lantronix had a negative net margin of 7.90% and a negative return on equity of 10.37%. The firm had revenue of $29.77 million for the quarter, compared to analysts’ expectations of $29.94 million. Lantronix has set its Q3 2026 guidance at 0.030-0.060 EPS. On average, analysts predict that Lantronix will post -0.1 EPS for the current fiscal year.

Insider Activity

In other news, insider Mathi Gurusamy sold 14,467 shares of Lantronix stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $6.21, for a total value of $89,840.07. Following the transaction, the insider owned 55,569 shares in the company, valued at approximately $345,083.49. The trade was a 20.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.40% of the company’s stock.

Hedge Funds Weigh In On Lantronix

Institutional investors and hedge funds have recently bought and sold shares of the stock. Soviero Asset Management LP purchased a new position in Lantronix in the 3rd quarter worth approximately $2,331,000. Nano Cap New Millennium Growth Fund L P purchased a new stake in shares of Lantronix during the fourth quarter valued at approximately $2,315,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Lantronix by 135.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 669,183 shares of the technology company’s stock worth $3,058,000 after purchasing an additional 385,075 shares during the last quarter. 683 Capital Management LLC purchased a new position in shares of Lantronix in the fourth quarter worth $1,209,000. Finally, Citadel Advisors LLC raised its holdings in Lantronix by 1,191.2% during the 3rd quarter. Citadel Advisors LLC now owns 195,583 shares of the technology company’s stock valued at $894,000 after buying an additional 180,436 shares during the last quarter. 39.38% of the stock is currently owned by institutional investors.

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.