Lantronix (NASDAQ:LTRX) price target lowered to $6.00 by Craig Hallum

Lantronix (NASDAQ:LTRX – Free Report) The price target was lowered by Craig Hallum from $7.00 to $6.00 in a research report sent to investors on Tuesday, Benzinga reports. The brokerage currently has a buy rating on the technology company’s shares.

A number of other analysts have also issued reports on the stock. Lake Street Capital lowered their price target on shares of Lantronix from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Tuesday. Needham & Company LLC reiterated a “buy” rating and issued a $7.00 target price on shares of Lantronix in a research note on Tuesday. StockNews.com upgraded Lantronix from a buy rating to a strong buy rating in a research note on Tuesday, February 13. Finally, Roth Mkm reaffirmed a buy rating and set a $9.00 price target on shares of Lantronix in a research note on Tuesday. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of Buy and an average price target of $8.50.

Get our latest research report on Lantronix

Lantronix Stock Performance

NASDAQ LTRX opened at $3.64 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 2.08 and a debt-to-equity ratio of 0.19. The stock has a market cap of $136.42 million, a price-to-earnings ratio of -20.22 and a beta of 2.05. Lantronix has a fifty-two week low of $3.08 and a fifty-two week high of $6.95. The company has a fifty-day moving average of $3.54 and a 200-day moving average of $4.74.

Lantronix (NASDAQ:LTRX – Get Free Report) last reported its earnings results on Thursday, February 8. The technology company reported ($0.07) earnings per share for the quarter, missing the ($0.01) ($0.06) consensus estimate. The company had revenue of $37.04 million during the quarter, compared to analyst estimates of $37.20 million. Lantronix had a negative net margin of 4.48% and a negative return on equity of 8.50%. As a group, analysts predict that Lantronix will post earnings per share of -0.04 for the current fiscal year.

Buy and sell Insider at Lantronix

In other news, CEO Saleel Awsare acquired 20,000 shares of Lantronix in a transaction dated Tuesday, February 13. The shares were acquired at an average cost of $3.91 per share, with a total value of $78,200.00. Following the purchase, the CEO now directly owns 20,000 shares of the company, worth approximately $78,200. The acquisition was disclosed in a legal filing with the SEC, which can be accessed via this link. In other Lantronix news, CEO Saleel Awsare purchased 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares were purchased at an average price of $3.91 per share, for a total transaction of $78,200.00. Following the completion of the acquisition, the CEO now owns 20,000 shares of the company’s stock, valued at approximately $78,200. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Philip G. Brace acquired 15,000 shares of the company’s stock in a transaction on Tuesday, February 13. The shares were acquired at an average price of $3.95 per share, with a total value of $59,250.00. Following the completion of the purchase, the director now owns 27,000 shares of the company’s stock, valued at $106,650. The explanation for this purchase can be found here. 17.30% of the shares are owned by company insiders.

Institutional investors are considering Lantronix

Institutional investors have recently been buying and selling shares of the company. Barclays PLC bought a new stake in Lantronix in the third quarter worth about $176,000. Citigroup Inc. bought a new stake in Lantronix worth approximately $35,000 in the third quarter. Jump Financial LLC bought a new stake in Lantronix in the third quarter worth approximately $66,000. Quadrature Capital Ltd bought a new stake in Lantronix in the third quarter worth approximately $109,000. Finally, Algert Global LLC bought a new stake in Lantronix in the third quarter worth approximately $50,000. 39.38% of the shares are currently held by hedge funds and other institutional investors.

About Lantronix

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Lantronix, Inc provides video surveillance, infotainment systems and intelligent substation infrastructure solutions in the Americas, Europe, the Middle East, Africa and the Asia Pacific region, Japan. The company’s IoT products include IoT System Solutions, which provide wired and wireless connections that increase the value and usability of modern electronic systems and equipment through secure network connectivity, powering IoT end devices via Power over Ethernet, application hosting, protocol conversion, media conversion, secure access for distributed IoT deployments and various other features; Embedded IoT modules, such as application processing that provides computing power to meet customer needs in data transformation, computer vision, machine learning, augmented/virtual reality, audio/video aggregation and distribution, and custom applications; and Software and Engineering Services provides a SaaS platform that allows customers to deploy, monitor, manage and automate their global deployments through a single platform login.

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