Lantronix (NASDAQ:LTRX) Receives “Buy” Rating from Roth Mkm

Roth Mkm reaffirmed their buy rating on shares of Lantronix (NASDAQ:LTRX) in a research report sent to investors on Tuesday morning, Benzinga reports. Roth Mkm currently has a $9.00 target price on the technology company’s stock.

Other research analysts have also issued research reports about the stock. Needham & Company LLC cut their price objective on shares of Lantronix from $8.50 to $7.00 and set a buy rating for the company in a research report on Tuesday, March 12th. StockNews.com upgraded Lantronix from a buy rating to a strong-buy rating in a research report on Tuesday, February 13th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Lantronix currently has a consensus rating of Buy and an average price target of $8.50.

Lantronix Stock Performance

Shares of NASDAQ:LTRX traded down $0.04 during midday trading on Tuesday, hitting $3.64. The company’s stock had a trading volume of 261,956 shares, compared to its average volume of 308,422. Lantronix has a fifty-two week low of $3.08 and a fifty-two week high of $6.95. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.19 and a current ratio of 2.08. The stock has a market capitalization of $136.42 million, a price-to-earnings ratio of -20.22 and a beta of 2.05. The stock’s 50 day simple moving average is $3.54 and its 200 day simple moving average is $4.74.

Lantronix (NASDAQ:LTRX) last issued its quarterly earnings results on Thursday, February 8th. The technology company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.06). Lantronix had a negative return on equity of 8.50% and a negative net margin of 4.48%. The business had revenue of $37.04 million during the quarter, compared to the consensus estimate of $37.20 million. As a group, research analysts anticipate that Lantronix will post -0.04 earnings per share for the current year.

Insider Activity

In related news, CEO Saleel Awsare bought 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was acquired at an average price of $3.91 per share, for a total transaction of $78,200.00. Following the transaction, the chief executive officer now directly owns 20,000 shares of the company’s stock, valued at $78,200. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Saleel Awsare acquired 20,000 shares of the company’s stock in a transaction dated Tuesday, February 13th. The stock was bought at an average price of $3.91 per share, with a total value of $78,200.00. Following the completion of the acquisition, the chief executive officer now owns 20,000 shares in the company, valued at approximately $78,200. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Bernhard Bruscha sold 9,409 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $6.03, for a total value of $56,736.27. Following the sale, the insider now owns 5,406,471 shares in the company, valued at approximately $32,601,020.13. The disclosure for this sale can be found here. Corporate insiders own 17.30% of the company’s stock.

Hedge Funds Weigh In On Lantronix

Several large investors have recently made changes to their positions in the company. AMH Equity Ltd lifted its stake in shares of Lantronix by 13.9% in the 3rd quarter. AMH Equity Ltd now owns 1,138,682 shares of the technology company’s stock valued at $5,067,000 after purchasing an additional 138,682 shares during the period. Jump Financial LLC bought a new stake in Lantronix in the third quarter valued at about $66,000. Barclays PLC bought a new position in Lantronix during the third quarter worth about $176,000. Algert Global LLC bought a new stake in shares of Lantronix in the 3rd quarter valued at about $50,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Lantronix during the third quarter worth about $109,000. Institutional investors and hedge funds own 39.38% of the company’s stock.

Lantronix Company Profile

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