Lantronix, Inc. (NASDAQ:LTRX) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Lantronix, Inc. (NASDAQ:LTRX) have earned an average rating of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating and five have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $9.8750.

Several equities analysts have commented on LTRX shares. Canaccord Genuity Group started coverage on shares of Lantronix in a research note on Monday, June 8th. They issued a “buy” rating and a $10.50 price target on the stock. Needham & Company LLC started coverage on shares of Lantronix in a research note on Friday. They issued a “buy” rating and a $11.00 price target on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lantronix in a research note on Tuesday, April 21st. UBS Group reiterated a “buy” rating on shares of Lantronix in a research note on Friday. Finally, Wall Street Zen downgraded Lantronix from a “strong-buy” rating to a “buy” rating in a report on Sunday.

Lantronix Stock Performance

Shares of Lantronix stock opened at $6.71 on Monday. The firm has a market capitalization of $295.11 million, a P/E ratio of -39.47 and a beta of 1.64. Lantronix has a 52 week low of $2.34 and a 52 week high of $8.75. The company has a quick ratio of 1.80, a current ratio of 2.74 and a debt-to-equity ratio of 0.12. The firm’s 50 day moving average is $6.48 and its two-hundred day moving average is $6.14.

Lantronix (NASDAQ:LTRX) last announced its quarterly earnings results on Wednesday, May 6th. The technology company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). The company had revenue of $30.18 million during the quarter, compared to analysts’ expectations of $30.49 million. Lantronix had a negative net margin of 5.52% and a negative return on equity of 6.79%. Lantronix has set its Q4 2026 guidance at 0.030-0.050 EPS. Research analysts forecast that Lantronix will post -0.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Lantronix

Hedge funds have recently modified their holdings of the business. Invesco Ltd. purchased a new position in shares of Lantronix during the fourth quarter worth approximately $68,000. R Squared Ltd grew its position in shares of Lantronix by 24.3% during the third quarter. R Squared Ltd now owns 14,073 shares of the technology company’s stock worth $64,000 after acquiring an additional 2,754 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of Lantronix during the fourth quarter worth approximately $86,000. Jefferies Financial Group Inc. purchased a new position in shares of Lantronix during the fourth quarter worth approximately $95,000. Finally, Thompson Davis & CO. Inc. purchased a new position in shares of Lantronix during the fourth quarter worth approximately $97,000. 39.38% of the stock is currently owned by hedge funds and other institutional investors.

About Lantronix

Lantronix, Inc is a provider of secure data access and management solutions designed to simplify the deployment, monitoring and control of devices and equipment across a wide range of industries. Headquartered in Irvine, California, the company develops hardware and software products that enable connectivity for smart devices, industrial machinery, IT infrastructure and other systems in the Internet of Things (IoT) ecosystem.

Founded in 1989, Lantronix was among the early innovators in serial-to-Ethernet device networking and has since expanded its portfolio to include secure console servers, device servers, gateways and embedded modules.