Lantronix, Inc. (NASDAQ:LTRX) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Lantronix, Inc. (NASDAQ:LTRX) have earned an average rating of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and six have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $10.40.

Several brokerages recently weighed in on LTRX. Weiss Ratings reissued a “sell (d-)” rating on shares of Lantronix in a report on Friday, July 17th. UBS Group reaffirmed a “buy” rating on shares of Lantronix in a report on Friday, June 12th. JonesTrading initiated coverage on shares of Lantronix in a research report on Wednesday, July 15th. They set a “buy” rating and a $12.00 target price for the company. Canaccord Genuity Group lifted their target price on shares of Lantronix from $10.50 to $11.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Finally, Needham & Company LLC began coverage on shares of Lantronix in a research report on Friday, June 12th. They issued a “buy” rating and a $11.00 price target on the stock.

Lantronix Stock Performance

NASDAQ:LTRX opened at $5.46 on Tuesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.74 and a quick ratio of 1.80. The business has a fifty day simple moving average of $6.24 and a two-hundred day simple moving average of $6.15. Lantronix has a 1 year low of $2.86 and a 1 year high of $8.75. The company has a market capitalization of $240.13 million, a P/E ratio of -32.12 and a beta of 1.69.

Lantronix (NASDAQ:LTRX) last issued its earnings results on Wednesday, May 6th. The technology company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01). Lantronix had a negative net margin of 5.52% and a negative return on equity of 6.79%. The firm had revenue of $30.18 million during the quarter, compared to the consensus estimate of $30.49 million. Lantronix has set its Q4 2026 guidance at 0.030-0.050 EPS. On average, analysts expect that Lantronix will post -0.11 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Invesco Ltd. purchased a new stake in shares of Lantronix during the fourth quarter worth $68,000. Bridgeway Capital Management LLC purchased a new position in shares of Lantronix in the third quarter valued at $85,000. Balyasny Asset Management L.P. bought a new stake in shares of Lantronix during the 4th quarter valued at $86,000. XTX Topco Ltd purchased a new stake in Lantronix during the 2nd quarter worth about $86,000. Finally, Squarepoint Ops LLC lifted its holdings in Lantronix by 52.7% during the 3rd quarter. Squarepoint Ops LLC now owns 19,283 shares of the technology company’s stock worth $88,000 after purchasing an additional 6,654 shares in the last quarter. 39.38% of the stock is currently owned by hedge funds and other institutional investors.

About Lantronix

Lantronix, Inc is a provider of secure data access and management solutions designed to simplify the deployment, monitoring and control of devices and equipment across a wide range of industries. Headquartered in Irvine, California, the company develops hardware and software products that enable connectivity for smart devices, industrial machinery, IT infrastructure and other systems in the Internet of Things (IoT) ecosystem.

Founded in 1989, Lantronix was among the early innovators in serial-to-Ethernet device networking and has since expanded its portfolio to include secure console servers, device servers, gateways and embedded modules.