Lantronix Inc (NASDAQ:LTRX) has received an average broker rating score of 2.00 (Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy recommendation.
Analysts have set a 12-month consensus price objective of $4.25 for the company and are expecting that the company will post ($0.01) earnings per share for the current quarter, according to Zacks. Zacks has also given Lantronix an industry rank of 51 out of 255 based on the ratings given to its competitors.
Several equities research analysts have issued reports on LTRX shares. Needham & Company LLC lowered their price target on shares of Lantronix from $4.50 to $4.25 and set a “buy” rating on the stock in a report on Wednesday, September 11th. ValuEngine upgraded shares of Lantronix from a “hold” rating to a “buy” rating in a research note on Thursday, October 17th.
Lantronix (NASDAQ:LTRX) last announced its quarterly earnings results on Tuesday, September 10th. The technology company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.03). The business had revenue of $10.15 million during the quarter. Lantronix had a negative net margin of 0.87% and a positive return on equity of 5.32%. On average, analysts predict that Lantronix will post 0.21 EPS for the current fiscal year.
Several large investors have recently modified their holdings of the company. Wedbush Securities Inc. boosted its stake in shares of Lantronix by 80.0% in the 3rd quarter. Wedbush Securities Inc. now owns 18,000 shares of the technology company’s stock valued at $60,000 after purchasing an additional 8,000 shares in the last quarter. River & Mercantile Asset Management LLP acquired a new stake in shares of Lantronix in the 2nd quarter valued at $1,599,000. BlackRock Inc. boosted its stake in shares of Lantronix by 6.3% in the 2nd quarter. BlackRock Inc. now owns 139,656 shares of the technology company’s stock valued at $465,000 after purchasing an additional 8,238 shares in the last quarter. Finally, LPL Financial LLC acquired a new stake in shares of Lantronix in the 2nd quarter valued at $266,000. Institutional investors own 19.28% of the company’s stock.
Lantronix, Inc provides secure data access and management solutions for Internet of Things (IoT) assets in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT gateways, which provide secure connectivity and the ability to add integrated device management and advanced data access features; and IoT building blocks that offer basic secure machine connectivity and unmanaged data access.
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