Lyntris (NYSE:LYNX) Stock Rating Upgraded by Guggenheim

Lyntris (NYSE:LYNX) was upgraded by equities researchers at Guggenheim to a “strong-buy” rating in a research report issued to clients and investors on Monday, Zacks reports.

Several other equities research analysts have also issued reports on LYNX. Raymond James Financial initiated coverage on shares of Lyntris in a research report on Monday. They set an “outperform” rating and a $18.00 target price for the company. Robert W. Baird set a $18.00 price target on shares of Lyntris in a report on Monday. Citigroup assumed coverage on shares of Lyntris in a research report on Monday. They set a “buy” rating and a $19.00 price objective on the stock. William Blair assumed coverage on shares of Lyntris in a report on Monday. They set an “outperform” rating for the company. Finally, Bank of America began coverage on shares of Lyntris in a research report on Monday. They issued a “buy” rating and a $21.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Lyntris presently has a consensus rating of “Buy” and a consensus target price of $19.86.

Lyntris Price Performance

Shares of NYSE LYNX opened at $13.43 on Monday. Lyntris has a twelve month low of $12.21 and a twelve month high of $16.00.

Insider Buying and Selling

In other Lyntris news, President Matthew Alty sold 238,583 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $16.45, for a total transaction of $3,924,690.35. Following the transaction, the president directly owned 1,789,377 shares in the company, valued at $29,435,251.65. This trade represents a 11.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Tim Paulin sold 55,169 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $16.45, for a total transaction of $907,530.05. Following the transaction, the chief financial officer owned 496,525 shares in the company, valued at $8,167,836.25. The trade was a 10.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 8,912,282 shares of company stock worth $155,357,039 over the last ninety days.

More Lyntris News

Here are the key news stories impacting Lyntris this week:

• Positive Sentiment: Evercore ISI initiated coverage of Lyntris with an “outperform” rating, adding to the bullish analyst view of the company. Evercore ISI Group initiates coverage of Lyntris at outperform
• Positive Sentiment: Bank of America began coverage with a “buy” rating and a $21 price target, implying substantial upside from the current trading level. Lyntris rated as buy in new coverage at Bank of America Securities
• Positive Sentiment: Citigroup also initiated coverage with a “buy” rating and a $19 price target, representing approximately 41.5% potential upside. The additional institutional coverage may improve investor awareness of LYNX.
• Positive Sentiment: Evercore upgraded Lyntris to “strong-buy,” reinforcing the company’s favorable analyst momentum.
• Neutral Sentiment: Robert W. Baird upgraded Lyntris to “hold.” Although this is not a bullish rating, the upgrade suggests a less negative view than its prior assessment and does not offset the broader positive analyst consensus.

About Lyntris

Lyntris Inc is a defense technology company delivering sense-to-act connectivity solutions for the modern, connected battlespace. Lyntris Inc is based in WASHINGTON.