LightPath Technologies, Inc. (NASDAQ:LPTH) Stock Has Average Price Target of $13.70

Shares of LightPath Technologies, Inc. (NASDAQ:LPTH) have earned a consensus rating of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $14.38.

A number of research firms have recently commented on LPTH. Wall Street Zen upgraded LightPath Technologies from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings restated a “sell (d-)” rating on shares of LightPath Technologies in a research report on Thursday, October 15th. Piper Sandler reduced their price target on shares of LightPath Technologies from $15.00 to $13.00 and set an “overweight” rating on the stock in a research report on Friday, October 23rd. Finally, Canaccord Genuity Group decreased their price target on shares of LightPath Technologies from $16.50 to $15.50 and set a “buy” rating on the stock in a research note on Tuesday, September 1st.

LightPath Technologies Price Performance

NASDAQ LPTH traded down $0.37 during trading on Friday, hitting $6.84. 3,355,119 shares of the stock traded hands, compared to its average volume of 3,141,935. The company has a market capitalization of $479.42 million, a P/E ratio of -19.54 and a beta of 1.53. The firm has a 50-day simple moving average of $8.87 and a 200-day simple moving average of $11.66. The company has a quick ratio of 4.27, a current ratio of 4.84 and a debt-to-equity ratio of 0.01. LightPath Technologies has a 12-month low of $5.83 and a 12-month high of $18.94.

LightPath Technologies (NASDAQ:LPTH) last released its quarterly earnings data on Tuesday, November 10th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. The business had revenue of $20.76 million for the quarter, compared to the consensus estimate of $21.93 million. LightPath Technologies had a negative return on equity of 4.92% and a negative net margin of 25.00%. As a group, analysts predict that LightPath Technologies will post 0.09 EPS for the current year.

Institutional Trading of LightPath Technologies

A number of large investors have recently made changes to their positions in the business. AWM Investment Company Inc. increased its holdings in shares of LightPath Technologies by 0.6% in the 3rd quarter. AWM Investment Company Inc. now owns 2,552,522 shares of the technology company’s stock worth $26,317,000 after buying an additional 15,000 shares during the last quarter. Tema ETFs LLC lifted its holdings in shares of LightPath Technologies by 129,258.4% in the 2nd quarter. Tema ETFs LLC now owns 1,986,945 shares of the technology company’s stock valued at $32,487,000 after acquiring an additional 1,985,409 shares during the last quarter. Tidal Investments LLC lifted its holdings in shares of LightPath Technologies by 10,315.1% in the 2nd quarter. Tidal Investments LLC now owns 1,952,629 shares of the technology company’s stock valued at $31,925,000 after acquiring an additional 1,933,881 shares during the last quarter. CenterBook Partners LP lifted its holdings in shares of LightPath Technologies by 117.8% in the 3rd quarter. CenterBook Partners LP now owns 1,042,156 shares of the technology company’s stock valued at $10,745,000 after acquiring an additional 563,654 shares during the last quarter. Finally, Royce & Associates LP grew its position in LightPath Technologies by 2.1% in the third quarter. Royce & Associates LP now owns 989,621 shares of the technology company’s stock worth $10,203,000 after acquiring an additional 20,000 shares in the last quarter. 56.29% of the stock is currently owned by institutional investors.

LightPath Technologies Company Profile

LightPath Technologies, Inc. designs and manufactures optical components and assemblies for commercial and government customers. Its products include precision-molded glass aspheric lenses, infrared optics, and custom optical systems used in applications such as thermal imaging and sensing. The company serves markets including aerospace and defense, industrial, medical, and telecommunications. Its capabilities span optical design, materials development, manufacturing, and assembly, supporting customers from component selection through integrated optical solutions.