Lyntris (NYSE:LYNX) Earns Buy Rating from Analysts at Citigroup

Citigroup assumed coverage on shares of Lyntris (NYSE:LYNX) in a research report sent to investors on Monday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $19.00 price objective on the stock.

Several other equities analysts have also recently issued reports on the stock. Raymond James Financial began coverage on shares of Lyntris in a research note on Monday. They issued an “outperform” rating and a $18.00 price objective on the stock. Guggenheim began coverage on shares of Lyntris in a report on Monday. They set a “buy” rating and a $20.00 target price for the company. Wall Street Zen upgraded shares of Lyntris to a “hold” rating in a research report on Saturday, August 29th. Evercore initiated coverage on Lyntris in a report on Monday. They issued an “outperform” rating and a $22.00 price target on the stock. Finally, Bank of America started coverage on Lyntris in a report on Monday. They issued a “buy” rating and a $21.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $19.86.

Lyntris Stock Performance

Shares of Lyntris stock opened at $13.65 on Monday. Lyntris has a 52 week low of $12.21 and a 52 week high of $16.00.

Insider Buying and Selling at Lyntris

In other news, major shareholder Trive Capital Holdings Llc sold 8,333,333 shares of Lyntris stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $17.50, for a total transaction of $145,833,327.50. Following the transaction, the insider owned 11,966,544 shares in the company, valued at approximately $209,414,520. The trade was a 41.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Matthew Alty sold 238,583 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $16.45, for a total value of $3,924,690.35. Following the transaction, the president directly owned 1,789,377 shares in the company, valued at $29,435,251.65. The trade was a 11.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 8,912,282 shares of company stock valued at $155,357,039 in the last ninety days.

About Lyntris

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