Lantronix, Inc. (NASDAQ:LTRX) Given Average Recommendation of “Moderate Buy” by Brokerages

Lantronix, Inc. (NASDAQ:LTRX) has received an average recommendation of “Moderate Buy” from the five analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $7.3750.

A number of analysts recently issued reports on the company. Craig Hallum restated a “buy” rating and issued a $10.00 price target on shares of Lantronix in a research report on Thursday, February 5th. Weiss Ratings restated a “sell (d-)” rating on shares of Lantronix in a research report on Thursday, January 22nd. Wall Street Zen upgraded Lantronix from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 7th. Finally, Needham & Company LLC raised their price target on Lantronix from $7.50 to $8.50 and gave the stock a “buy” rating in a research report on Thursday, February 5th.

Insider Transactions at Lantronix

In related news, insider Mathi Gurusamy sold 14,467 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $6.21, for a total value of $89,840.07. Following the completion of the sale, the insider directly owned 55,569 shares in the company, valued at $345,083.49. This trade represents a 20.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Lantronix

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Lantronix by 2.8% during the third quarter. Vanguard Group Inc. now owns 1,486,791 shares of the technology company’s stock worth $6,795,000 after purchasing an additional 40,890 shares during the last quarter. Marshall Wace LLP lifted its position in shares of Lantronix by 9.7% during the fourth quarter. Marshall Wace LLP now owns 678,929 shares of the technology company’s stock worth $3,979,000 after purchasing an additional 59,866 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Lantronix by 135.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 669,183 shares of the technology company’s stock worth $3,058,000 after purchasing an additional 385,075 shares during the last quarter. Soviero Asset Management LP lifted its position in shares of Lantronix by 11.8% during the fourth quarter. Soviero Asset Management LP now owns 570,000 shares of the technology company’s stock worth $3,340,000 after purchasing an additional 60,000 shares during the last quarter. Finally, Nano Cap New Millennium Growth Fund L P bought a new stake in shares of Lantronix during the fourth quarter worth $2,315,000. 39.38% of the stock is currently owned by institutional investors.

Lantronix Stock Up 2.4%

NASDAQ LTRX opened at $6.34 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.79 and a current ratio of 2.75. The company has a market capitalization of $251.63 million, a P/E ratio of -26.42 and a beta of 1.58. Lantronix has a one year low of $1.98 and a one year high of $8.24. The stock has a 50 day moving average price of $5.81 and a 200-day moving average price of $5.67.

Lantronix (NASDAQ:LTRX) last posted its earnings results on Wednesday, February 4th. The technology company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The firm had revenue of $29.77 million during the quarter, compared to the consensus estimate of $29.94 million. Lantronix had a negative return on equity of 10.37% and a negative net margin of 7.90%.Lantronix has set its Q3 2026 guidance at 0.030-0.060 EPS. As a group, equities analysts predict that Lantronix will post -0.1 EPS for the current fiscal year.

About Lantronix

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.