Lantronix, Inc. (NASDAQ:LTRX) Given Average Rating of “Buy” by Brokerages

Lantronix, Inc. (NASDAQ:LTRX) has been assigned an average recommendation of “Buy” from the five analysts that are covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokers that have covered the stock in the last year is $6.50.

A number of brokerages have recently issued reports on LTRX. StockNews.com cut Lantronix from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 11th. Canaccord Genuity Group dropped their price target on shares of Lantronix from $7.50 to $5.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Finally, Needham & Company LLC decreased their price objective 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.

Lantronix Price Performance

NASDAQ:LTRX opened at $4.12 on Thursday. The stock’s 50-day simple moving average is $3.43 and its 200 day simple moving average is $3.66. Lantronix has a 52-week low of $2.48 and a 52-week high of $6.95. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.78 and a current ratio of 2.61. The company has a market cap of $158.52 million, a P/E ratio of -29.43 and a beta of 2.04.

Insider Buying and Selling at Lantronix

In other news, major shareholder Bernhard Bruscha sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $4.08, for a total value of $81,600.00. Following the transaction, the insider now owns 5,198,971 shares of the company’s stock, valued at approximately $21,211,801.68. This represents a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Saleel Awsare bought 80,000 shares of the stock in a transaction dated Wednesday, November 13th. The shares were purchased at an average price of $2.66 per share, for a total transaction of $212,800.00. Following the purchase, the chief executive officer now owns 233,184 shares of the company’s stock, valued at $620,269.44. This trade represents a 52.22 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.60% of the company’s stock.

Institutional Trading of Lantronix

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC grew its position in shares of Lantronix by 30.4% during the 2nd quarter. Renaissance Technologies LLC now owns 654,494 shares of the technology company’s stock worth $2,323,000 after purchasing an additional 152,400 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in Lantronix by 65.0% in the 2nd quarter. First Eagle Investment Management LLC now owns 855,234 shares of the technology company’s stock valued at $3,036,000 after acquiring an additional 336,781 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Lantronix by 18.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,022,193 shares of the technology company’s stock valued at $3,629,000 after acquiring an additional 159,671 shares during the period. Herald Investment Management Ltd lifted its position in shares of Lantronix by 17.6% during the 2nd quarter. Herald Investment Management Ltd now owns 1,000,000 shares of the technology company’s stock valued at $3,550,000 after acquiring an additional 150,000 shares during the period. Finally, Walleye Capital LLC increased its position in shares of Lantronix by 61.9% in the third quarter. Walleye Capital LLC now owns 71,467 shares of the technology company’s stock worth $294,000 after purchasing an additional 27,325 shares during the period. Institutional investors and hedge funds own 39.38% of the company’s stock.

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.