Lyntris Inc. (NYSE:LYNX) Receives Consensus Recommendation of “Buy” from Brokerages

Lyntris Inc. (NYSE:LYNX) has received a consensus rating of “Buy” from the five brokerages that are presently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy rating. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $21.00.

Several research analysts have commented on the stock. Evercore started coverage on shares of Lyntris in a research note on Monday. They set an “outperform” rating on the stock. William Blair assumed coverage on shares of Lyntris in a report on Monday. They set an “outperform” rating on the stock. Wall Street Zen upgraded shares of Lyntris to a “hold” rating in a research report on Saturday, August 29th. Raymond James Financial initiated coverage on shares of Lyntris in a research note on Monday. They issued an “outperform” rating for the company. Finally, Guggenheim began coverage on shares of Lyntris in a research report on Monday. They set a “buy” rating for the company.

Lyntris Stock Down 0.4%

NYSE:LYNX opened at $12.69 on Monday. Lyntris has a 1-year low of $12.21 and a 1-year high of $16.00.

Insider Buying and Selling

In other news, CEO Brian Morrison sold 186,752 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $16.45, for a total value of $3,072,070.40. Following the transaction, the chief executive officer owned 1,286,983 shares in the company, valued at approximately $21,170,870.35. This trade represents a 12.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Trive Capital Holdings Llc sold 8,333,333 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $17.50, for a total transaction of $145,833,327.50. Following the sale, the insider owned 11,966,544 shares of the company’s stock, valued at $209,414,520. This represents a 41.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 8,912,282 shares of company stock worth $155,357,039 in the last 90 days.

Lyntris Company Profile

Lyntris Inc is a defense technology company delivering sense-to-act connectivity solutions for the modern, connected battlespace. Lyntris Inc is based in WASHINGTON.