Lantronix (NASDAQ:LTRX) had its price target decreased by investment analysts at Needham & Company LLC from $4.50 to $4.25 in a research report issued on Wednesday, BenzingaRatingsTable reports. The firm currently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s price objective suggests a potential upside of 20.23% from the company’s current price.

Separately, ValuEngine upgraded Lantronix from a “hold” rating to a “buy” rating in a research note on Tuesday, August 20th.

Shares of LTRX stock traded down $0.25 during trading hours on Wednesday, hitting $3.54. 36,493 shares of the company were exchanged, compared to its average volume of 54,682. The firm has a fifty day simple moving average of $3.47 and a 200 day simple moving average of $3.32. Lantronix has a 52-week low of $2.34 and a 52-week high of $5.94. The stock has a market capitalization of $82.43 million, a price-to-earnings ratio of 28.23 and a beta of 0.79.

Lantronix (NASDAQ:LTRX) last posted its quarterly earnings data on Tuesday, September 10th. The technology company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). Lantronix had a net margin of 3.70% and a return on equity of 8.19%. The firm had revenue of $10.15 million during the quarter.

A number of institutional investors have recently made changes to their positions in LTRX. Cadence Capital Management LLC raised its position in shares of Lantronix by 1.8% in the first quarter. Cadence Capital Management LLC now owns 477,348 shares of the technology company’s stock valued at $1,442,000 after purchasing an additional 8,404 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of Lantronix by 22.9% in the first quarter. Acadian Asset Management LLC now owns 240,860 shares of the technology company’s stock worth $727,000 after acquiring an additional 44,894 shares during the period. Alambic Investment Management L.P. boosted its holdings in shares of Lantronix by 37.2% in the first quarter. Alambic Investment Management L.P. now owns 18,163 shares of the technology company’s stock worth $55,000 after acquiring an additional 4,923 shares during the period. Wedbush Securities Inc. purchased a new position in shares of Lantronix in the second quarter valued at $33,000. Finally, LPL Financial LLC purchased a new position in shares of Lantronix in the second quarter valued at $266,000. Institutional investors and hedge funds own 19.77% of the company’s stock.

About Lantronix

Lantronix, Inc provides secure data access and management solutions for Internet of Things (IoT) assets in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT gateways, which provide secure connectivity and the ability to add integrated device management and advanced data access features; and IoT building blocks that offer basic secure machine connectivity and unmanaged data access.

Further Reading: What are momentum indicators and what do they show?

Receive News & Ratings for Lantronix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lantronix and related companies with MarketBeat.com's FREE daily email newsletter.