Lantronix (NASDAQ:LTRX) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Lantronix (NASDAQ:LTRX) from a hold rating to a buy rating in a report released on Saturday morning.

Several other equities analysts have also recently weighed in on the stock. UBS Group reiterated a “buy” rating on shares of Lantronix in a research report on Friday, June 12th. Needham & Company LLC restated a “buy” rating and issued a $11.00 target price on shares of Lantronix in a report on Thursday. Canaccord Genuity Group raised their target price on Lantronix from $10.50 to $11.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. JonesTrading assumed coverage on Lantronix in a report on Wednesday, July 15th. They set a “buy” rating and a $12.00 price target on the stock. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Lantronix in a research report on Friday, July 17th. Six investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Lantronix currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.40.

Lantronix Stock Performance

Shares of LTRX opened at $5.37 on Friday. The company has a 50-day moving average of $5.71 and a two-hundred day moving average of $6.04. The stock has a market cap of $236.17 million, a price-to-earnings ratio of -48.82 and a beta of 1.70. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.74 and a quick ratio of 1.80. Lantronix has a one year low of $4.37 and a one year high of $8.75.

Lantronix (NASDAQ:LTRX) last released its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The business had revenue of $31.15 million for the quarter, compared to analyst estimates of $30.69 million. Lantronix had a negative net margin of 3.46% and a negative return on equity of 5.62%. Lantronix has set its Q1 2027 guidance at 0.040-0.060 EPS. On average, equities research analysts expect that Lantronix will post 0.09 earnings per share for the current year.

Institutional Investors Weigh In On Lantronix

Several large investors have recently made changes to their positions in LTRX. AWM Investment Company Inc. bought a new position in Lantronix during the second quarter valued at approximately $7,350,000. Soviero Asset Management LP acquired a new stake in Lantronix in the third quarter valued at approximately $2,331,000. Nano Cap New Millennium Growth Fund L P bought a new stake in Lantronix in the fourth quarter worth approximately $2,315,000. Arrowstreet Capital Limited Partnership grew its position in Lantronix by 135.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 669,183 shares of the technology company’s stock worth $3,058,000 after acquiring an additional 385,075 shares in the last quarter. Finally, 683 Capital Management LLC acquired a new position in shares of Lantronix during the 4th quarter worth $1,209,000. Institutional investors own 39.38% of the company’s stock.

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.