Lyntris (NYSE:LYNX) Stock Price Expected to Rise, Guggenheim Analyst Says

Lyntris (NYSE:LYNX) had its target price boosted by equities researchers at Guggenheim from $20.00 to $25.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. Guggenheim‘s price target suggests a potential upside of 125.02% from the company’s current price.

Several other research analysts also recently weighed in on LYNX. Evercore started coverage on shares of Lyntris in a research report on Monday, September 14th. They issued an “outperform” rating and a $22.00 price target on the stock. Bank of America assumed coverage on shares of Lyntris in a research report on Monday, September 14th. They set a “buy” rating and a $21.00 price objective for the company. Zacks Research upgraded Lyntris to a “hold” rating in a research note on Tuesday, September 15th. Robert W. Baird upgraded Lyntris from a “neutral” rating to an “outperform” rating and set a $18.00 price objective for the company in a research note on Thursday. Finally, UBS Group set a $21.00 target price on Lyntris in a report on Monday, September 14th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Lyntris has a consensus rating of “Buy” and a consensus target price of $20.57.

Lyntris Stock Up 18.3%

Shares of NYSE LYNX traded up $1.72 during midday trading on Thursday, hitting $11.11. 615,004 shares of the company’s stock traded hands, compared to its average volume of 525,257. Lyntris has a 1 year low of $8.75 and a 1 year high of $16.00. The company has a fifty day moving average price of $12.38.

Lyntris (NYSE:LYNX) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.07. The business had revenue of $194.43 million during the quarter. The company’s revenue was up 90.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.02 earnings per share. As a group, equities research analysts anticipate that Lyntris will post 0.15 EPS for the current year.

Insiders Place Their Bets

In related news, President Matthew Alty sold 238,583 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $16.45, for a total value of $3,924,690.35. Following the sale, the president owned 1,789,377 shares in the company, valued at approximately $29,435,251.65. The trade was a 11.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Trive Capital Holdings Llc sold 8,333,333 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $17.50, for a total transaction of $145,833,327.50. Following the sale, the insider owned 11,966,544 shares in the company, valued at $209,414,520. This represents a 41.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 8,912,282 shares of company stock worth $155,357,039.

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.