Lyntris (NYSE:LYNX) Upgraded at Robert W. Baird

Lyntris (NYSE:LYNX) was upgraded by investment analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a note issued to investors on Thursday, Briefing.com reports. The brokerage presently has a $18.00 target price on the stock. Robert W. Baird‘s price target would suggest a potential upside of 90.68% from the company’s current price.

Several other analysts have also issued reports on LYNX. Guggenheim began coverage on Lyntris in a research note on Monday, September 14th. They issued a “buy” rating and a $20.00 target price for the company. Evercore began coverage on shares of Lyntris in a research report on Monday, September 14th. They set an “outperform” rating and a $22.00 price target on the stock. Wall Street Zen raised shares of Lyntris to a “hold” rating in a research note on Saturday, August 29th. Citigroup initiated coverage on shares of Lyntris in a report on Monday, September 14th. They issued a “buy” rating and a $19.00 price objective for the company. Finally, Zacks Research upgraded shares of Lyntris to a “hold” rating in a report on Tuesday, September 15th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Lyntris has an average rating of “Buy” and a consensus price target of $19.86.

Lyntris Price Performance

LYNX opened at $9.44 on Thursday. The business has a 50-day moving average price of $12.38. Lyntris has a 12-month low of $8.75 and a 12-month high of $16.00.

Lyntris (NYSE:LYNX) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.08 by $0.07. The firm had revenue of $194.43 million for the quarter. The company’s revenue was up 90.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.02 EPS. As a group, equities research analysts expect that Lyntris will post 0.15 EPS for the current year.

Insider Activity

In other news, CFO Tim Paulin sold 55,169 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $16.45, for a total transaction of $907,530.05. Following the completion of the transaction, the chief financial officer directly owned 496,525 shares of the company’s stock, valued at approximately $8,167,836.25. This represents a 10.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Brian Morrison sold 186,752 shares of the stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $16.45, for a total transaction of $3,072,070.40. Following the sale, the chief executive officer owned 1,286,983 shares of the company’s stock, valued at approximately $21,170,870.35. This represents a 12.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 8,912,282 shares of company stock valued at $155,357,039.

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.