Lantronix (NASDAQ:LTRX) Rating Increased 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 research note released on Saturday.

Several other equities research analysts have also weighed in on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Lantronix in a report on Wednesday, October 8th. Needham & Company LLC raised their target price on shares of Lantronix from $5.50 to $7.50 and gave the company a “buy” rating in a research note on Thursday, November 6th. Finally, Lake Street Capital set a $6.00 target price on shares of Lantronix and gave the stock a “buy” rating in a report on Thursday, November 6th. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $5.50.

Lantronix Stock Down 2.7%

LTRX stock traded down $0.13 during mid-day trading on Friday, hitting $4.77. The stock had a trading volume of 178,154 shares, compared to its average volume of 355,266. The stock has a market capitalization of $187.74 million, a price-to-earnings ratio of -15.90 and a beta of 1.38. The company has a current ratio of 2.54, a quick ratio of 1.68 and a debt-to-equity ratio of 0.12. Lantronix has a 1-year low of $1.91 and a 1-year high of $5.74. The company has a fifty day moving average of $4.87 and a 200 day moving average of $3.58.

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

Insiders Place Their Bets

In other Lantronix 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 document filed with the SEC, which is accessible through the SEC website. 2.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. R Squared Ltd acquired a new stake in Lantronix during the second quarter valued at approximately $32,000. Bailard Inc. acquired a new stake in Lantronix in the 3rd quarter valued at $49,000. Atria Wealth Solutions Inc. bought a new stake in Lantronix in the second quarter valued at $60,000. Bridgeway Capital Management LLC bought a new stake in Lantronix in the third quarter valued at $85,000. Finally, XTX Topco Ltd acquired a new position in Lantronix during the second quarter worth $86,000. Institutional investors and hedge funds 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.