Lantronix (NASDAQ:LTRX) Coverage Initiated at JonesTrading

Investment analysts at JonesTrading started coverage on shares of Lantronix (NASDAQ:LTRX) in a report issued on Wednesday, Marketbeat Ratings reports. The firm set a “buy” rating and a $12.00 price target on the technology company’s stock. JonesTrading’s price objective suggests a potential upside of 121.81% from the company’s previous close.

LTRX has been the subject of several other reports. Needham & Company LLC started coverage on Lantronix in a research note on Friday, June 12th. They set a “buy” rating and a $11.00 target price for the company. Wall Street Zen lowered Lantronix from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. UBS Group reissued a “buy” rating on shares of Lantronix in a report on Friday, June 12th. Canaccord Genuity Group upped their price objective on Lantronix from $10.50 to $11.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lantronix in a research note on Tuesday, April 21st. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $10.40.

Lantronix Price Performance

LTRX stock opened at $5.41 on Wednesday. The company’s 50-day moving average price is $6.35 and its two-hundred day moving average price is $6.18. The firm has a market cap of $237.93 million, a P/E ratio of -31.82 and a beta of 1.69. The company has a quick ratio of 1.80, a current ratio of 2.74 and a debt-to-equity ratio of 0.12. Lantronix has a 12 month low of $2.86 and a 12 month high of $8.75.

Lantronix (NASDAQ:LTRX) last issued its quarterly earnings results on Wednesday, May 6th. The technology company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The firm had revenue of $30.18 million for the quarter, compared to the consensus estimate of $30.49 million. Lantronix had a negative return on equity of 6.79% and a negative net margin of 5.52%.Lantronix has set its Q4 2026 guidance at 0.030-0.050 EPS. On average, analysts anticipate that Lantronix will post -0.11 earnings per share for the current fiscal year.

Institutional Trading of Lantronix

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC increased its holdings in shares of Lantronix by 19.7% during the first quarter. Jane Street Group LLC now owns 71,293 shares of the technology company’s stock worth $178,000 after buying an additional 11,728 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Lantronix in the 2nd quarter valued at $86,000. Marshall Wace LLP boosted its holdings in shares of Lantronix by 10.6% during the 2nd quarter. Marshall Wace LLP now owns 446,164 shares of the technology company’s stock valued at $1,280,000 after acquiring an additional 42,838 shares in the last quarter. Manatuck Hill Partners LLC acquired a new stake in shares of Lantronix during the 2nd quarter valued at $302,000. Finally, Vanguard Group Inc. grew its position in Lantronix by 2.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,486,791 shares of the technology company’s stock worth $6,795,000 after acquiring an additional 40,890 shares during the last quarter. Institutional investors own 39.38% of the company’s stock.

Lantronix Company Profile

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.