StockNews.com began coverage on shares of LightPath Technologies (NASDAQ:LPTH – Free Report) in a research note published on Tuesday morning. The firm issued a hold rating on the technology company’s stock.
Separately, Lake Street Capital assumed coverage on LightPath Technologies in a research report on Thursday, January 18th. They set a buy rating and a $3.00 target price on the stock.
Get Our Latest Research Report on LightPath Technologies
LightPath Technologies Stock Up 8.3 %
LightPath Technologies (NASDAQ:LPTH – Get Free Report) last announced its earnings results on Thursday, May 9th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.04). The company had revenue of $7.70 million for the quarter, compared to analysts’ expectations of $7.94 million. LightPath Technologies had a negative net margin of 15.48% and a negative return on equity of 14.22%. During the same period in the previous year, the firm earned ($0.03) EPS. On average, equities analysts predict that LightPath Technologies will post -0.14 EPS for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of LPTH. AIGH Capital Management LLC raised its stake in shares of LightPath Technologies by 9.9% in the third quarter. AIGH Capital Management LLC now owns 3,723,932 shares of the technology company’s stock valued at $5,400,000 after buying an additional 335,000 shares during the period. AMH Equity Ltd raised its stake in shares of LightPath Technologies by 12.4% in the fourth quarter. AMH Equity Ltd now owns 2,819,071 shares of the technology company’s stock valued at $3,552,000 after buying an additional 310,870 shares during the period. Vanguard Group Inc. raised its stake in shares of LightPath Technologies by 15.6% in the first quarter. Vanguard Group Inc. now owns 1,571,852 shares of the technology company’s stock valued at $2,169,000 after buying an additional 211,626 shares during the period. Worth Venture Partners LLC raised its stake in shares of LightPath Technologies by 9.9% in the third quarter. Worth Venture Partners LLC now owns 929,611 shares of the technology company’s stock valued at $1,348,000 after buying an additional 83,649 shares during the period. Finally, B. Riley Wealth Advisors Inc. raised its stake in shares of LightPath Technologies by 73.7% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 111,824 shares of the technology company’s stock valued at $141,000 after buying an additional 47,429 shares during the period. Hedge funds and other institutional investors own 56.29% of the company’s stock.
About LightPath Technologies
LightPath Technologies, Inc designs, develops, manufactures, and distributes optical components and assemblies. The company offers precision molded glass aspheric optics, molded and diamond-turned infrared aspheric lenses, and other optical components used to produce products that manipulate light; and infrared products, including catalog and custom infrared optics.
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