StockNews.com initiated coverage on shares of LightPath Technologies (NASDAQ:LPTH – Free Report) in a research report released on Saturday. The firm issued a hold rating on the technology company’s stock.
Separately, Lake Street Capital assumed coverage on shares of LightPath Technologies in a research note on Thursday, January 18th. They issued a buy rating and a $3.00 price target for the company.
Read Our Latest Analysis on LightPath Technologies
LightPath Technologies Stock Up 1.0 %
LightPath Technologies (NASDAQ:LPTH – Get Free Report) last announced its quarterly earnings results on Thursday, February 8th. The technology company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). LightPath Technologies had a negative return on equity of 14.22% and a negative net margin of 15.48%. The company had revenue of $7.32 million during the quarter, compared to the consensus estimate of $8.72 million. Analysts predict that LightPath Technologies will post -0.14 earnings per share for the current fiscal year.
Institutional Trading of LightPath Technologies
Several large investors have recently added to or reduced their stakes in LPTH. Jane Street Group LLC bought a new stake in LightPath Technologies during the first quarter valued at approximately $30,000. Tower Research Capital LLC TRC grew its position in LightPath Technologies by 69.4% during the third quarter. Tower Research Capital LLC TRC now owns 29,075 shares of the technology company’s stock valued at $31,000 after buying an additional 11,908 shares during the period. Charles Schwab Investment Management Inc. purchased a new position in LightPath Technologies during the second quarter valued at approximately $33,000. Virtu Financial LLC purchased a new position in LightPath Technologies during the first quarter valued at approximately $36,000. Finally, Commonwealth Equity Services LLC purchased a new position in LightPath Technologies during the third quarter valued at approximately $50,000. 56.29% of the stock is currently owned by institutional investors.
About LightPath Technologies
LightPath Technologies, Inc designs, develops, manufactures, and distributes optical components and assemblies. The company offers precision molded glass aspheric optics, molded and diamond-turned infrared aspheric lenses, and other optical components used to produce products that manipulate light; and infrared products, including catalog and custom infrared optics.
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