Hoshi Printer Purchases 15,000 Shares of Lantronix, Inc. (NASDAQ:LTRX) Stock

Lantronix, Inc. (NASDAQ:LTRX) Director Hoshi Printer acquired 15,000 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were bought at an average cost of $2.90 per share, for a total transaction of $43,500.00. Following the completion of the acquisition, the director now owns 176,075 shares of the company’s stock, valued at approximately $510,617.50. This represents a 9.31 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Lantronix Stock Up 2.7 %

LTRX stock opened at $3.00 on Monday. The company has a current ratio of 2.61, a quick ratio of 1.78 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average of $3.60 and a two-hundred day moving average of $3.70. Lantronix, Inc. has a 12 month low of $2.48 and a 12 month high of $6.95. The company has a market cap of $115.41 million, a price-to-earnings ratio of -21.43 and a beta of 2.14.

Lantronix (NASDAQ:LTRX) last posted its quarterly earnings results on Thursday, September 5th. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. Lantronix had a negative return on equity of 2.91% and a negative net margin of 3.17%. The business had revenue of $49.08 million during the quarter, compared to analyst estimates of $49.10 million. As a group, analysts forecast that Lantronix, Inc. will post -0.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. ProShare Advisors LLC purchased a new stake in shares of Lantronix in the second quarter valued at about $42,000. Mackenzie Financial Corp acquired a new position in Lantronix in the 2nd quarter valued at about $50,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Lantronix in the 3rd quarter valued at approximately $60,000. American Century Companies Inc. increased its holdings in shares of Lantronix by 27.6% during the 2nd quarter. American Century Companies Inc. now owns 26,319 shares of the technology company’s stock worth $93,000 after buying an additional 5,693 shares during the last quarter. Finally, Barclays PLC raised its position in shares of Lantronix by 235.9% during the 3rd quarter. Barclays PLC now owns 62,321 shares of the technology company’s stock valued at $257,000 after buying an additional 43,770 shares during the period. Hedge funds and other institutional investors own 39.38% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on LTRX. Needham & Company LLC reduced their price target on shares of Lantronix from $7.00 to $5.50 and set a “buy” rating for the company in a research report on Monday, November 11th. StockNews.com cut Lantronix from a “strong-buy” rating to a “buy” rating in a report on Monday, November 11th. Finally, Canaccord Genuity Group decreased their target price on Lantronix from $7.50 to $5.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Six analysts have rated the stock with a buy rating, According to MarketBeat, Lantronix currently has an average rating of “Buy” and a consensus target price of $6.50.

Lantronix Company Profile

Lantronix, Inc provides solutions for video surveillance, infotainment systems, and intelligent substations infrastructure in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT System Solutions, which provide wired and wireless connections that enhance the value and utility of modern electronic systems and equipment through secure network connectivity, power for IoT end devices through Power over Ethernet, application hosting, protocol conversion, media conversion, secure access for distributed IoT deployments, and various other functions; Embedded IoT Modules, such as application processing delivering compute to meet customer needs for data transformation, computer vision, machine learning, augmented/virtual reality, audio/video aggregation and distribution, and custom applications; and Software and Engineering Services offers SaaS platform that enables customers to deploy, monitor, manage, and automate across their global deployments through a single platform login.