Lyntris Inc. (NYSE:LYNX) Stock Has Average Price Target of $19.86 According to Analysts

Shares of Lyntris Inc. (NYSE:LYNX) have received an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $19.86.

Several brokerages have recently weighed in on LYNX. William Blair initiated coverage on shares of Lyntris in a research report on Monday, September 14th. They set an “outperform” rating on the stock. Evercore assumed coverage on shares of Lyntris in a research note on Monday, September 14th. They issued an “outperform” rating and a $22.00 target price on the stock. Wall Street Zen raised shares of Lyntris to a “hold” rating in a research report on Saturday, August 29th. Zacks Research raised shares of Lyntris to a “hold” rating in a research report on Tuesday, September 15th. Finally, UBS Group set a $21.00 price target on shares of Lyntris in a research note on Monday, September 14th.

Insider Buying and Selling

In other news, major shareholder Trive Capital Holdings Llc sold 8,333,333 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $17.50, for a total value of $145,833,327.50. Following the sale, the insider directly owned 11,966,544 shares in the company, valued at approximately $209,414,520. This represents a 41.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Brian Raduenz sold 98,445 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $16.45, for a total value of $1,619,420.25. Following the completion of the transaction, the director directly owned 177,203 shares of the company’s stock, valued at approximately $2,914,989.35. The trade was a 35.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 8,912,282 shares of company stock worth $155,357,039.

Lyntris Price Performance

Shares of LYNX stock opened at $11.01 on Friday. Lyntris has a 52-week low of $10.84 and a 52-week high of $16.00.

Lyntris Company Profile

Lyntris Inc is a defense technology company delivering sense-to-act connectivity solutions for the modern, connected battlespace. Lyntris Inc is based in WASHINGTON.