Lyntris (NYSE:LYNX) Upgraded to Strong-Buy at Evercore

Lyntris (NYSE:LYNX) was upgraded by stock analysts at Evercore to a “strong-buy” rating in a note issued to investors on Monday, Zacks reports.

A number of other equities research analysts have also recently commented on the company. Wall Street Zen raised Lyntris to a “hold” rating in a research note on Saturday, August 29th. Citigroup assumed coverage on Lyntris in a research report on Monday. They set a “buy” rating and a $19.00 target price on the stock. Guggenheim initiated coverage on Lyntris in a report on Monday. They issued a “buy” rating and a $20.00 target price on the stock. William Blair assumed coverage on shares of Lyntris in a research report on Monday. They issued an “outperform” rating for the company. Finally, Robert W. Baird set a $18.00 price target on shares of Lyntris in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Lyntris presently has a consensus rating of “Buy” and an average price target of $19.86.

Lyntris Price Performance

Shares of Lyntris stock opened at $13.50 on Monday. Lyntris has a one year low of $12.21 and a one year high of $16.00.

Insiders Place Their Bets

In other Lyntris news, major shareholder Trive Capital Holdings Llc sold 8,333,333 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider directly owned 11,966,544 shares of the company’s stock, valued at approximately $209,414,520. The trade was a 41.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Tim Paulin sold 55,169 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $16.45, for a total value of $907,530.05. Following the sale, the chief financial officer directly owned 496,525 shares of the company’s stock, valued at $8,167,836.25. This represents a 10.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 8,912,282 shares of company stock worth $155,357,039 in the last 90 days.

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.