HC Wainwright Reaffirms “Buy” Rating for LightPath Technologies (NASDAQ:LPTH)

HC Wainwright restated their buy rating on shares of LightPath Technologies (NASDAQ:LPTH) in a research report released on Friday, Benzinga reports. HC Wainwright currently has a $3.00 price target on the technology company’s stock. HC Wainwright also issued estimates for LightPath Technologies’ Q1 2025 earnings at ($0.05) EPS, Q2 2025 earnings at ($0.04) EPS, Q3 2025 earnings at ($0.05) EPS and Q4 2025 earnings at ($0.03) EPS.

Separately, StockNews.com started coverage on shares of LightPath Technologies in a research report on Friday. They issued a hold rating on the stock.

LightPath Technologies Stock Down 4.0 %

LPTH stock opened at $1.21 on Friday. The company has a current ratio of 2.01, a quick ratio of 1.13 and a debt-to-equity ratio of 0.03. LightPath Technologies has a twelve month low of $1.04 and a twelve month high of $1.77. The company’s 50 day moving average is $1.30 and its two-hundred day moving average is $1.35. The stock has a market cap of $46.96 million, a P/E ratio of -6.72 and a beta of 1.31.

LightPath Technologies (NASDAQ:LPTH) last announced its earnings results on Thursday, September 19th. The technology company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). The business had revenue of $8.63 million during the quarter, compared to analyst estimates of $8.25 million. LightPath Technologies had a negative net margin of 19.72% and a negative return on equity of 18.97%. During the same period in the previous year, the firm earned ($0.02) earnings per share. Research analysts expect that LightPath Technologies will post -0.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LightPath Technologies

Several institutional investors have recently made changes to their positions in the stock. AIGH Capital Management LLC boosted its position in shares of LightPath Technologies by 5.7% during the 2nd quarter. AIGH Capital Management LLC now owns 3,723,932 shares of the technology company’s stock worth $4,692,000 after purchasing an additional 200,000 shares in the last quarter. Archon Capital Management LLC boosted its position in shares of LightPath Technologies by 1.8% in the 1st quarter. Archon Capital Management LLC now owns 2,082,934 shares of the technology company’s stock worth $2,874,000 after buying an additional 37,400 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of LightPath Technologies by 15.6% in the 1st quarter. Vanguard Group Inc. now owns 1,571,852 shares of the technology company’s stock worth $2,169,000 after buying an additional 211,626 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its position in shares of LightPath Technologies by 104.7% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 131,824 shares of the technology company’s stock worth $166,000 after buying an additional 67,429 shares in the last quarter. Finally, Murphy Pohlad Asset Management LLC boosted its position in shares of LightPath Technologies by 22.8% in the 2nd quarter. Murphy Pohlad Asset Management LLC now owns 56,500 shares of the technology company’s stock worth $71,000 after buying an additional 10,500 shares in the last quarter. 56.29% of the stock is currently owned by hedge funds and other institutional investors.

LightPath Technologies Company Profile

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.