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

Shares of Lantronix, Inc. (NASDAQ:LTRX) have received an average rating of “Moderate Buy” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation and six have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $10.40.

LTRX has been the topic of several recent research reports. UBS Group reiterated a “buy” rating on shares of Lantronix in a research note on Friday, June 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Lantronix in a report on Friday, July 17th. Needham & Company LLC reaffirmed a “buy” rating and issued a $11.00 target price on shares of Lantronix in a research report on Thursday, August 27th. Canaccord Genuity Group upped their target price on Lantronix from $10.50 to $11.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Finally, JonesTrading initiated coverage on Lantronix in a research report on Wednesday, July 15th. They set a “buy” rating and a $12.00 price target for the company.

Lantronix Stock Up 5.5%

NASDAQ LTRX opened at $5.33 on Wednesday. Lantronix has a 12-month low of $4.37 and a 12-month high of $8.75. The company has a market capitalization of $248.96 million, a PE ratio of -48.45 and a beta of 1.66. The firm’s 50 day moving average is $5.59 and its 200-day moving average is $5.99.

Lantronix (NASDAQ:LTRX) last announced its quarterly earnings data on Wednesday, August 26th. The technology company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. Lantronix had a negative net margin of 3.46% and a negative return on equity of 4.88%. The business had revenue of $31.15 million for the quarter, compared to analyst estimates of $30.69 million. Lantronix has set its Q1 2027 guidance at 0.040-0.060 EPS. As a group, sell-side analysts expect that Lantronix will post 0.1 EPS for the current year.

Insider Buying and Selling at Lantronix

In related news, CEO Saleel Awsare acquired 15,000 shares of the company’s stock in a transaction dated Wednesday, September 9th. The shares were bought at an average price of $5.18 per share, for a total transaction of $77,700.00. Following the purchase, the chief executive officer directly owned 453,381 shares in the company, valued at approximately $2,348,513.58. This trade represents a 3.42% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Lantronix

Several hedge funds and other institutional investors have recently made changes to their positions in the company. WINTON GROUP Ltd increased its holdings in Lantronix by 59.4% during the second quarter. WINTON GROUP Ltd now owns 82,148 shares of the technology company’s stock worth $483,000 after buying an additional 30,626 shares during the last quarter. Squarepoint Ops LLC lifted its stake in Lantronix by 215.5% in the second quarter. Squarepoint Ops LLC now owns 254,886 shares of the technology company’s stock valued at $1,499,000 after acquiring an additional 174,086 shares during the last quarter. AWM Investment Company Inc. bought a new position in shares of Lantronix in the 2nd quarter valued at about $7,350,000. Globeflex Capital L P bought a new position in shares of Lantronix in the 2nd quarter valued at about $76,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Lantronix during the 2nd quarter worth about $937,000. 39.38% of the stock is owned by institutional investors.

About Lantronix

Lantronix, Inc (NASDAQ: LTRX) provides intelligent hardware, software and services that enable organizations to connect, manage and secure devices and equipment across the Internet of Things (IoT). Its solutions are designed for industrial, commercial and enterprise applications, including remote monitoring, automation, asset management and edge computing.

The company’s offerings include IoT gateways, embedded computing and networking products, cellular and wireless connectivity solutions, industrial networking equipment, remote access and out-of-band management systems, and related software and cloud services.