Cantor Fitzgerald Increases Earnings Estimates for nLIGHT

nLIGHT, Inc. (NASDAQ:LASR) – Cantor Fitzgerald upped their FY2025 earnings per share (EPS) estimates for shares of nLIGHT in a report issued on Monday, May 12th. Cantor Fitzgerald analyst T. Jensen now forecasts that the company will post earnings of ($0.81) per share for the year, up from their prior estimate of ($1.12). The consensus estimate for nLIGHT’s current full-year earnings is ($1.10) per share.

nLIGHT (NASDAQ:LASR) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.13. nLIGHT had a negative return on equity of 19.53% and a negative net margin of 24.16%. The company had revenue of $51.67 million for the quarter, compared to analyst estimates of $47.77 million. During the same period in the previous year, the firm earned ($0.17) earnings per share. The firm’s quarterly revenue was up 16.2% on a year-over-year basis.

Several other research firms have also recently weighed in on LASR. Needham & Company LLC decreased their price objective on shares of nLIGHT from $16.00 to $14.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. Craig Hallum raised shares of nLIGHT from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Friday, May 9th. Finally, Stifel Nicolaus decreased their price target on nLIGHT from $17.00 to $14.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $14.90.

nLIGHT Stock Performance

nLIGHT stock opened at $13.26 on Wednesday. The firm has a market cap of $655.56 million, a price-to-earnings ratio of -12.87 and a beta of 2.02. nLIGHT has a 52-week low of $6.20 and a 52-week high of $14.73. The firm has a 50 day moving average price of $8.22 and a two-hundred day moving average price of $9.96.

Insider Transactions at nLIGHT

In other news, CEO Scott H. Keeney sold 53,511 shares of nLIGHT stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $8.17, for a total value of $437,184.87. Following the completion of the sale, the chief executive officer now owns 1,267,927 shares in the company, valued at $10,358,963.59. The trade was a 4.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 4.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of LASR. Vanguard Group Inc. increased its stake in nLIGHT by 2.1% in the first quarter. Vanguard Group Inc. now owns 3,667,332 shares of the company’s stock valued at $28,495,000 after purchasing an additional 74,163 shares in the last quarter. Royce & Associates LP grew its stake in shares of nLIGHT by 5.4% in the 1st quarter. Royce & Associates LP now owns 3,034,044 shares of the company’s stock valued at $23,575,000 after buying an additional 156,285 shares during the period. Needham Investment Management LLC increased its position in nLIGHT by 13.4% in the 4th quarter. Needham Investment Management LLC now owns 2,652,115 shares of the company’s stock valued at $27,821,000 after buying an additional 314,375 shares in the last quarter. Senvest Management LLC raised its stake in nLIGHT by 114.1% during the 4th quarter. Senvest Management LLC now owns 2,481,677 shares of the company’s stock worth $26,033,000 after buying an additional 1,322,637 shares during the period. Finally, Segall Bryant & Hamill LLC boosted its holdings in nLIGHT by 140.4% in the first quarter. Segall Bryant & Hamill LLC now owns 1,207,580 shares of the company’s stock worth $9,383,000 after acquiring an additional 705,215 shares in the last quarter. 83.88% of the stock is owned by institutional investors.

nLIGHT Company Profile

nLIGHT, Inc designs, develops, manufactures, and sells semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. The company operates in two segments, Laser Products and Advanced Development. It offers semiconductor lasers with various ranges of power levels, wavelengths, and output fiber sizes; and programmable and serviceable fiber lasers for use in industrial and aerospace and defense applications.