nLight’s (LASR) Buy Rating Reiterated at Stifel Nicolaus

Stifel Nicolaus restated their buy rating on shares of nLight (NASDAQ:LASR) in a research note issued to investors on Wednesday morning, Marketbeat reports. They currently have a $45.00 price objective on the stock, up from their previous price objective of $40.00.

Other equities analysts have also issued reports about the stock. Canaccord Genuity Group upgraded shares of nLight to a “buy” rating in a research report on Wednesday, December 17th. Wall Street Zen upgraded shares of nLight from a “hold” rating to a “buy” rating in a research note on Sunday, January 11th. Zacks Research downgraded shares of nLight from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Roth Capital began coverage on shares of nLight in a report on Wednesday, December 17th. They issued a “buy” rating and a $44.00 target price for the company. Finally, Needham & Company LLC increased their target price on shares of nLight from $39.00 to $48.00 and gave the stock a “buy” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.29.

nLight Stock Up 0.3%

Shares of NASDAQ LASR opened at $43.94 on Wednesday. The business has a 50-day moving average price of $36.37 and a 200 day moving average price of $30.08. The stock has a market cap of $2.23 billion, a PE ratio of -49.93 and a beta of 2.33. The company has a quick ratio of 4.36, a current ratio of 5.63 and a debt-to-equity ratio of 0.09. nLight has a 52-week low of $6.20 and a 52-week high of $46.64.

Insider Activity

In other news, Director Raymond A. Link sold 12,560 shares of nLight stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $35.33, for a total value of $443,744.80. Following the sale, the director owned 102,576 shares of the company’s stock, valued at $3,624,010.08. The trade was a 10.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Scott H. Keeney sold 31,748 shares of the stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $37.51, for a total transaction of $1,190,867.48. Following the transaction, the chief executive officer directly owned 2,285,020 shares of the company’s stock, valued at $85,711,100.20. This represents a 1.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 141,262 shares of company stock worth $5,101,910 over the last quarter. Insiders own 4.70% of the company’s stock.

Institutional Trading of nLight

Hedge funds have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of nLight by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,593 shares of the company’s stock valued at $214,000 after buying an additional 1,170 shares in the last quarter. Jane Street Group LLC lifted its holdings in nLight by 622.7% in the first quarter. Jane Street Group LLC now owns 77,201 shares of the company’s stock valued at $600,000 after acquiring an additional 66,518 shares during the period. Strs Ohio purchased a new stake in shares of nLight during the 1st quarter worth $371,000. GAMMA Investing LLC grew its stake in shares of nLight by 147.6% during the 2nd quarter. GAMMA Investing LLC now owns 1,550 shares of the company’s stock worth $31,000 after purchasing an additional 924 shares during the period. Finally, CWM LLC increased its holdings in shares of nLight by 191.6% in the 2nd quarter. CWM LLC now owns 8,475 shares of the company’s stock valued at $167,000 after purchasing an additional 5,569 shares in the last quarter. 83.88% of the stock is owned by institutional investors and hedge funds.

nLight Company Profile

nLIGHT, Inc designs, develops, manufactures, and sells semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. The company operates in two segments, Laser Products and Advanced Development. It offers semiconductor lasers with various ranges of power levels, wavelengths, and output fiber sizes; and programmable and serviceable fiber lasers for use in industrial and aerospace and defense applications. The company also provides laser sensors, including light detection and ranging technologies for intelligence, surveillance, and reconnaissance applications; and fiber amplifiers, beam combination, and control systems for use in high-energy laser systems in directed energy applications.