Lyntris (NYSE:LYNX) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Lyntris (NYSE:LYNX) to a hold rating in a research note published on Tuesday,Zacks reports.

A number of other equities research analysts have also recently commented on LYNX. Citigroup began coverage on shares of Lyntris in a report on Monday. They set a “buy” rating and a $19.00 price target on the stock. William Blair initiated coverage on shares of Lyntris in a report on Monday. They issued an “outperform” rating for the company. Guggenheim started coverage on Lyntris in a research report on Monday. They issued a “buy” rating and a $20.00 price objective on the stock. UBS Group set a $21.00 target price on Lyntris in a research note on Monday. Finally, Raymond James Financial initiated coverage on Lyntris in a report on Monday. They issued an “outperform” rating and a $18.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $19.86.

Lyntris Price Performance

NYSE:LYNX opened at $13.65 on Tuesday. Lyntris has a fifty-two week low of $12.21 and a fifty-two week high of $16.00.

Insider Buying and Selling

In related news, Director Brian Raduenz sold 98,445 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $16.45, for a total transaction of $1,619,420.25. Following the completion of the sale, the director owned 177,203 shares in the company, valued at approximately $2,914,989.35. This represents a 35.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian Morrison sold 186,752 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 1,286,983 shares in the company, valued at approximately $21,170,870.35. This represents a 12.67% decrease in their position. 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 over 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.