Lantronix (NASDAQ:LTRX) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Lantronix, Inc. (NASDAQ:LTRX) passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $6.03 and traded as high as $7.29. Lantronix shares last traded at $7.21, with a volume of 1,214,539 shares traded.

Analysts Set New Price Targets

LTRX has been the subject of a number of research reports. JonesTrading initiated coverage on Lantronix in a research note on Wednesday, July 15th. They set a “buy” rating and a $12.00 price target for the company. Canaccord Genuity Group raised their target price on shares of Lantronix from $10.50 to $11.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $11.00 price target on shares of Lantronix in a research note on Thursday, August 27th. Lake Street Capital lifted their price objective on shares of Lantronix from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Friday, September 18th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Lantronix in a research report on Friday, July 17th. Six analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $10.80.

Lantronix Trading Up 1.0%

The stock has a market capitalization of $334.25 million, a PE ratio of -64.82 and a beta of 1.61. The business’s 50 day moving average is $5.84 and its 200 day moving average is $6.03.

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

Insider Activity

In related news, CEO Saleel Awsare purchased 15,000 shares of the business’s stock in a transaction dated Wednesday, September 9th. The shares were purchased at an average cost of $5.18 per share, for a total transaction of $77,700.00. Following the completion of the acquisition, the chief executive officer 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 purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On Lantronix

A number of institutional investors have recently modified their holdings of the stock. AWM Investment Company Inc. bought a new position in Lantronix in the second quarter worth approximately $7,350,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Lantronix by 41.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 945,025 shares of the technology company’s stock valued at $4,952,000 after buying an additional 275,842 shares during the period. Renaissance Technologies LLC lifted its stake in Lantronix by 8.8% in the first quarter. Renaissance Technologies LLC now owns 690,194 shares of the technology company’s stock worth $3,617,000 after acquiring an additional 56,000 shares during the period. Sei Investments Co. grew its holdings in Lantronix by 138.0% during the 1st quarter. Sei Investments Co. now owns 261,292 shares of the technology company’s stock worth $1,369,000 after acquiring an additional 151,485 shares in the last quarter. Finally, Squarepoint Ops LLC grew its holdings in Lantronix by 215.5% during the 2nd quarter. Squarepoint Ops LLC now owns 254,886 shares of the technology company’s stock worth $1,499,000 after acquiring an additional 174,086 shares in the last quarter. 39.38% of the stock is owned by hedge funds and other 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.