Lantronix, Inc. (NASDAQ:LTRX) Receives $10.40 Consensus Price Target from Brokerages

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

LTRX has been the subject of several recent research reports. Wall Street Zen downgraded Lantronix from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lantronix in a report on Friday, July 17th. UBS Group reissued a “buy” rating on shares of Lantronix in a report on Friday, June 12th. Canaccord Genuity Group boosted their target price on shares of Lantronix from $10.50 to $11.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Finally, JonesTrading initiated coverage on shares of Lantronix in a research note on Wednesday, July 15th. They issued a “buy” rating and a $12.00 price target on the stock.

Lantronix Trading Down 3.4%

Shares of NASDAQ:LTRX opened at $5.66 on Friday. Lantronix has a 12-month low of $3.58 and a 12-month high of $8.75. The stock has a market cap of $248.93 million, a PE ratio of -33.29 and a beta of 1.70. The business has a 50 day moving average of $5.74 and a 200-day moving average of $6.05. The company has a quick ratio of 1.80, a current ratio of 2.74 and a debt-to-equity ratio of 0.12.

Lantronix (NASDAQ:LTRX) last posted its earnings results on Wednesday, August 26th. The technology company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01. The company had revenue of $31.15 million for the quarter, compared to the consensus estimate of $30.69 million. Lantronix had a negative return on equity of 6.79% and a negative net margin of 5.52%.Lantronix has set its Q1 2027 guidance at 0.040-0.060 EPS. As a group, equities research analysts forecast that Lantronix will post -0.11 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in LTRX. Invesco Ltd. bought a new position in shares of Lantronix during the fourth quarter worth approximately $68,000. Globeflex Capital L P bought a new stake in shares of Lantronix in the second quarter valued at approximately $76,000. Bridgeway Capital Management LLC acquired a new stake in Lantronix during the third quarter worth approximately $85,000. Balyasny Asset Management L.P. acquired a new stake in Lantronix during the fourth quarter worth approximately $86,000. Finally, XTX Topco Ltd bought a new position in Lantronix during the 2nd quarter worth $86,000. Institutional investors and hedge funds own 39.38% of the company’s stock.

Lantronix Company Profile

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.