Lantronix (NASDAQ:LTRX) Upgraded at Wall Street Zen
by Sarita Garza · The Markets DailyWall Street Zen upgraded shares of Lantronix (NASDAQ:LTRX – Free Report) from a buy rating to a strong-buy rating in a research report sent to investors on Saturday morning.
LTRX has been the topic of several other research reports. Needham & Company LLC raised their price objective on Lantronix from $5.50 to $7.50 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lantronix in a report on Wednesday, October 8th. Finally, Lake Street Capital raised their target price on shares of Lantronix from $6.00 to $8.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $6.17.
Read Our Latest Report on Lantronix
Lantronix Price Performance
NASDAQ LTRX opened at $5.57 on Friday. The company has a quick ratio of 1.93, a current ratio of 3.01 and a debt-to-equity ratio of 0.14. Lantronix has a 52 week low of $1.91 and a 52 week high of $6.75. The firm has a market capitalization of $219.24 million, a P/E ratio of -20.63 and a beta of 1.51. The company has a 50-day moving average price of $5.15 and a 200-day moving average price of $4.16.
Lantronix (NASDAQ:LTRX – Get Free Report) last issued its quarterly earnings data on Wednesday, November 5th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The firm had revenue of $29.79 million during the quarter, compared to the consensus estimate of $29.55 million. Lantronix had a negative net margin of 8.68% and a negative return on equity of 11.63%. Lantronix has set its Q2 2026 guidance at 0.020-0.04 EPS. Equities research analysts anticipate that Lantronix will post -0.23 earnings per share for the current year.
Institutional Investors Weigh In On Lantronix
Institutional investors have recently added to or reduced their stakes in the stock. Qube Research & Technologies Ltd raised its position in shares of Lantronix by 76.1% during the third quarter. Qube Research & Technologies Ltd now owns 64,019 shares of the technology company’s stock valued at $293,000 after buying an additional 27,661 shares during the last quarter. Millennium Management LLC purchased a new position in Lantronix during the third quarter valued at $564,000. Citadel Advisors LLC grew its stake in Lantronix by 1,191.2% during the third quarter. Citadel Advisors LLC now owns 195,583 shares of the technology company’s stock valued at $894,000 after acquiring an additional 180,436 shares in the last quarter. Centiva Capital LP bought a new stake in Lantronix in the 3rd quarter valued at $237,000. Finally, Bank of America Corp DE lifted its stake in Lantronix by 2,092.5% in the 3rd quarter. Bank of America Corp DE now owns 29,095 shares of the technology company’s stock worth $133,000 after purchasing an additional 27,768 shares in the last quarter. 39.38% of the stock is owned by hedge funds and other institutional investors.
Lantronix Company Profile
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.