Lantronix (NASDAQ:LTRX) Price Target Raised to $7.50 at Needham & Company LLC

Lantronix (NASDAQ:LTRX) had its target price hoisted by Needham & Company LLC from $5.50 to $7.50 in a research note published on Thursday morning,Benzinga reports. They currently have a buy rating on the technology company’s stock.

A number of other brokerages also recently issued reports on LTRX. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lantronix in a research note on Wednesday, October 8th. Lake Street Capital increased their price target on shares of Lantronix from $4.00 to $5.00 and gave the stock a “buy” rating in a research report on Thursday, August 28th. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Lantronix presently has a consensus rating of “Moderate Buy” and an average price target of $5.50.

Lantronix Price Performance

Shares of NASDAQ LTRX traded down $0.05 during midday trading on Thursday, reaching $5.03. The company’s stock had a trading volume of 313,579 shares, compared to its average volume of 358,320. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.68 and a current ratio of 2.54. The company has a market cap of $197.53 million, a P/E ratio of -16.77 and a beta of 1.38. The business’s 50 day moving average price is $4.84 and its two-hundred day moving average price is $3.45. Lantronix has a fifty-two week low of $1.91 and a fifty-two week high of $5.74.

Lantronix (NASDAQ:LTRX) last posted its quarterly earnings data on Wednesday, November 5th. The technology company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The firm had revenue of $29.79 million for the quarter, compared to analyst estimates of $29.55 million. Lantronix had a negative return on equity of 12.89% and a negative net margin of 9.25%. Lantronix has set its Q2 2026 guidance at 0.020-0.04 EPS. On average, analysts forecast that Lantronix will post -0.23 EPS for the current fiscal year.

Insider Activity at Lantronix

In related news, major shareholder Bernhard Bruscha sold 12,993 shares of the business’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $4.64, for a total value of $60,287.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.40% of the company’s stock.

Institutional Investors Weigh In On Lantronix

A number of institutional investors have recently made changes to their positions in the stock. R Squared Ltd acquired a new position in shares of Lantronix in the second quarter worth approximately $32,000. Bailard Inc. bought a new position in shares of Lantronix during the 3rd quarter worth about $49,000. Atria Wealth Solutions Inc. bought a new stake in Lantronix in the 2nd quarter valued at about $60,000. XTX Topco Ltd acquired a new position in Lantronix during the 2nd quarter worth approximately $86,000. Finally, Accel Wealth Management bought a new position in Lantronix in the third quarter worth approximately $111,000. Institutional investors own 39.38% of the company’s stock.

About Lantronix

Lantronix, Inc provides solutions for video surveillance, infotainment systems, and intelligent substations infrastructure in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT System Solutions, which provide wired and wireless connections that enhance the value and utility of modern electronic systems and equipment through secure network connectivity, power for IoT end devices through Power over Ethernet, application hosting, protocol conversion, media conversion, secure access for distributed IoT deployments, and various other functions; Embedded IoT Modules, such as application processing delivering compute to meet customer needs for data transformation, computer vision, machine learning, augmented/virtual reality, audio/video aggregation and distribution, and custom applications; and Software and Engineering Services offers SaaS platform that enables customers to deploy, monitor, manage, and automate across their global deployments through a single platform login.