Lantronix, Inc. (NASDAQ:LTRX) Receives $10.40 Consensus Target Price from Analysts

Shares of Lantronix, Inc. (NASDAQ:LTRX) have been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating and six have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $10.40.

LTRX has been the topic of several recent analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Lantronix in a research note on Friday, July 17th. Wall Street Zen cut shares of Lantronix from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 14th. Needham & Company LLC started coverage on shares of Lantronix in a research report on Friday, June 12th. They issued a “buy” rating and a $11.00 price objective for the company. UBS Group reiterated a “buy” rating on shares of Lantronix in a report on Friday, June 12th. Finally, JonesTrading began coverage on Lantronix in a research note on Wednesday, July 15th. They issued a “buy” rating and a $12.00 target price for the company.

Lantronix Stock Up 5.2%

NASDAQ:LTRX opened at $5.66 on Tuesday. The company has a quick ratio of 1.80, a current ratio of 2.74 and a debt-to-equity ratio of 0.12. Lantronix has a 12-month low of $2.86 and a 12-month high of $8.75. The stock’s fifty day simple moving average is $6.11 and its 200-day simple moving average is $6.13. The firm has a market capitalization of $248.95 million, a P/E ratio of -33.29 and a beta of 1.69.

Lantronix (NASDAQ:LTRX) last released its earnings results on Wednesday, May 6th. The technology company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). The company had revenue of $30.18 million during the quarter, compared to analyst estimates of $30.49 million. Lantronix had a negative net margin of 5.52% and a negative return on equity of 6.79%. Lantronix has set its Q4 2026 guidance at 0.030-0.050 EPS. Equities research analysts expect that Lantronix will post -0.11 earnings per share for the current year.

Institutional Trading of Lantronix

Large investors have recently bought and sold shares of the business. Ritholtz Wealth Management increased its position in shares of Lantronix by 1.5% in the first quarter. Ritholtz Wealth Management now owns 129,873 shares of the technology company’s stock valued at $681,000 after acquiring an additional 1,971 shares during the last quarter. Thompson Davis & CO. Inc. grew its stake in Lantronix by 14.8% in the first quarter. Thompson Davis & CO. Inc. now owns 18,950 shares of the technology company’s stock valued at $99,000 after purchasing an additional 2,450 shares in the last quarter. R Squared Ltd increased its position in shares of Lantronix by 28.7% during the 4th quarter. R Squared Ltd now owns 18,107 shares of the technology company’s stock worth $106,000 after purchasing an additional 4,034 shares during the last quarter. Squarepoint Ops LLC raised its stake in shares of Lantronix by 52.7% during the 3rd quarter. Squarepoint Ops LLC now owns 19,283 shares of the technology company’s stock worth $88,000 after purchasing an additional 6,654 shares in the last quarter. Finally, Engineers Gate Manager LP boosted its holdings in shares of Lantronix by 79.1% in the 4th quarter. Engineers Gate Manager LP now owns 20,964 shares of the technology company’s stock valued at $123,000 after buying an additional 9,256 shares during the last quarter. 39.38% of the stock is owned by institutional investors.

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.