LightPath Technologies, Inc. (LPTH) – What Are Analysts Thinking About This Stock?

Shares of LightPath Technologies, Inc. (NASDAQ:LPTH) have been given an average recommendation of “Moderate Buy” by the six analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $14.10.

Several analysts have recently weighed in on the company. Piper Sandler assumed coverage on LightPath Technologies in a research report on Wednesday, August 12th. They set an “overweight” rating and a $15.00 target price for the company. Wall Street Zen lowered shares of LightPath Technologies from a “hold” rating to a “sell” rating in a research note on Sunday, September 20th. Weiss Ratings restated a “sell (d-)” rating on shares of LightPath Technologies in a report on Friday, July 17th. Finally, Canaccord Genuity Group reduced their price target on shares of LightPath Technologies from $16.50 to $15.50 and set a “buy” rating on the stock in a research note on Tuesday, September 1st.

LightPath Technologies Stock Up 0.9%

LPTH opened at $8.91 on Wednesday. The business has a fifty day moving average of $11.14 and a 200 day moving average of $12.51. LightPath Technologies has a 52-week low of $5.83 and a 52-week high of $18.94. The stock has a market cap of $624.06 million, a P/E ratio of -22.27 and a beta of 1.38.

Institutional Investors Weigh In On LightPath Technologies

Several large investors have recently added to or reduced their stakes in the stock. AWM Investment Company Inc. bought a new stake in LightPath Technologies during the 2nd quarter valued at $41,488,000. Tema ETFs LLC increased its holdings in shares of LightPath Technologies by 129,258.4% in the 2nd quarter. Tema ETFs LLC now owns 1,986,945 shares of the technology company’s stock valued at $32,487,000 after acquiring an additional 1,985,409 shares during the period. Tidal Investments LLC increased its holdings in shares of LightPath Technologies by 10,315.1% in the 2nd quarter. Tidal Investments LLC now owns 1,952,629 shares of the technology company’s stock valued at $31,925,000 after acquiring an additional 1,933,881 shares during the period. Granahan Investment Management LLC bought a new position in shares of LightPath Technologies in the 4th quarter worth $7,085,000. Finally, Wasatch Advisors LP bought a new position in shares of LightPath Technologies in the 2nd quarter worth $8,496,000. 56.29% of the stock is owned by hedge funds and other institutional investors.

LightPath Technologies Company Profile

LightPath Technologies, Inc is a photonics and optical technology company that designs, manufactures and supplies precision optical and infrared products. Its offerings include molded glass aspheric lenses, infrared optics, optical assemblies, coatings and custom-engineered components used in imaging, sensing and laser applications.

The company serves customers in markets including defense and aerospace, industrial technology, security, medical equipment and communications. Its products are incorporated into systems such as thermal imaging cameras, laser-based equipment and other optical instruments, and are sold to customers in the United States and international markets.

LightPath has expanded its capabilities through acquisitions and internal development, including the addition of infrared optics and imaging expertise.