LightPath Technologies, Inc. (NASDAQ:LPTH)‘s stock had its “buy” rating restated by equities researchers at Dougherty & Co in a research note issued to investors on Friday. They presently have a $3.10 target price on the technology company’s stock. Dougherty & Co’s target price suggests a potential upside of 10.71% from the company’s current price. Dougherty & Co also issued estimates for LightPath Technologies’ FY2018 earnings at $0.18 EPS.

A number of other analysts have also weighed in on LPTH. ValuEngine raised shares of LightPath Technologies from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research lowered shares of LightPath Technologies from a “buy” rating to a “hold” rating in a report on Friday, July 7th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $2.80.

LightPath Technologies (NASDAQ:LPTH) opened at 2.80 on Friday. LightPath Technologies has a 52 week low of $1.21 and a 52 week high of $3.33. The company has a market capitalization of $67.89 million, a PE ratio of 7.78 and a beta of -0.58. The company has a 50-day moving average of $2.57 and a 200-day moving average of $2.68.

LightPath Technologies (NASDAQ:LPTH) last posted its earnings results on Thursday, September 14th. The technology company reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.20. The business had revenue of $9.01 million for the quarter, compared to analyst estimates of $8.75 million. LightPath Technologies had a net margin of 27.16% and a return on equity of 37.81%. On average, equities research analysts anticipate that LightPath Technologies will post $0.14 EPS for the current year.

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Large investors have recently modified their holdings of the company. US Bancorp DE bought a new position in shares of LightPath Technologies in the 1st quarter worth $137,000. Royce & Associates LP increased its holdings in shares of LightPath Technologies by 53.0% in the 2nd quarter. Royce & Associates LP now owns 1,032,600 shares of the technology company’s stock worth $2,788,000 after buying an additional 357,600 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of LightPath Technologies by 191.5% in the 1st quarter. Wellington Management Group LLP now owns 1,386,900 shares of the technology company’s stock worth $3,800,000 after buying an additional 911,200 shares during the last quarter. Spark Investment Management LLC bought a new position in shares of LightPath Technologies in the 2nd quarter worth $174,000. Finally, Manatuck Hill Partners LLC increased its holdings in shares of LightPath Technologies by 2.3% in the 2nd quarter. Manatuck Hill Partners LLC now owns 1,125,000 shares of the technology company’s stock worth $3,038,000 after buying an additional 25,000 shares during the last quarter. 30.81% of the stock is currently owned by hedge funds and other institutional investors.

About LightPath Technologies

LightPath Technologies, Inc is a manufacturer and integrator of families of precision molded aspheric optics, fiber-optic collimator, GRADIUM glass lenses and other optical materials used to produce products that manipulate light. The Company designs, develops, manufactures and distributes optical components and assemblies utilizing the optical processes and manufacturing technologies.

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