nLight (NASDAQ:LASR) Given Consensus Rating of “Moderate Buy” by Analysts

by · The Cerbat Gem

Shares of nLight (NASDAQ:LASR – Get Free Report) have earned a consensus rating of “Moderate Buy” from the ten analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $34.2857.

A number of research analysts have recently commented on LASR shares. Wall Street Zen upgraded shares of nLight from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Cantor Fitzgerald lifted their target price on shares of nLight from $33.50 to $40.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Roth Capital assumed coverage on shares of nLight in a research note on Wednesday. They issued a “buy” rating and a $44.00 price target for the company. Canaccord Genuity Group upgraded shares of nLight to a “buy” rating in a research report on Wednesday. Finally, Needham & Company LLC increased their target price on nLight from $32.00 to $39.00 and gave the company a “buy” rating in a research note on Friday, November 7th.

Check Out Our Latest Research Report on LASR

Insider Transactions at nLight

In related news, CEO Scott H. Keeney sold 15,371 shares of the firm’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $35.66, for a total transaction of $548,129.86. Following the transaction, the chief executive officer directly owned 2,285,020 shares of the company’s stock, valued at approximately $81,483,813.20. This trade represents a 0.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO James Nias sold 1,200 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $30.00, for a total value of $36,000.00. Following the completion of the sale, the chief accounting officer directly owned 99,512 shares of the company’s stock, valued at approximately $2,985,360. This represents a 1.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 109,514 shares of company stock valued at $3,911,043 over the last 90 days. Company insiders own 4.70% of the company’s stock.

Hedge Funds Weigh In On nLight

Several institutional investors and hedge funds have recently made changes to their positions in LASR. GAMMA Investing LLC raised its position in nLight by 147.6% in the 2nd quarter. GAMMA Investing LLC now owns 1,550 shares of the company’s stock worth $31,000 after purchasing an additional 924 shares during the period. Osaic Holdings Inc. grew its stake in shares of nLight by 1,599.1% during the second quarter. Osaic Holdings Inc. now owns 1,835 shares of the company’s stock valued at $36,000 after buying an additional 1,727 shares during the last quarter. Wexford Capital LP purchased a new position in shares of nLight in the third quarter worth about $41,000. Global Retirement Partners LLC bought a new stake in shares of nLight in the 3rd quarter valued at about $49,000. Finally, Nisa Investment Advisors LLC boosted its holdings in nLight by 162.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,747 shares of the company’s stock valued at $54,000 after acquiring an additional 1,700 shares during the period. Institutional investors own 83.88% of the company’s stock.

nLight Trading Down 2.2%

Shares of nLight stock opened at $34.66 on Thursday. The company’s 50-day moving average price is $32.87 and its 200-day moving average price is $26.86. The company has a current ratio of 5.63, a quick ratio of 4.36 and a debt-to-equity ratio of 0.09. nLight has a 12-month low of $6.20 and a 12-month high of $38.63. The company has a market cap of $1.76 billion, a price-to-earnings ratio of -39.39 and a beta of 2.34.

About nLight

(Get Free Report)

nLIGHT, Inc designs, develops, manufactures, and sells semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. The company operates in two segments, Laser Products and Advanced Development. It offers semiconductor lasers with various ranges of power levels, wavelengths, and output fiber sizes; and programmable and serviceable fiber lasers for use in industrial and aerospace and defense applications.

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