StockNews.com began coverage on shares of LightPath Technologies (NASDAQ:LPTH – Free Report) in a research report sent to investors on Thursday. The firm issued a hold rating on the technology company’s stock.
Separately, HC Wainwright reissued a buy rating and set a $3.00 price objective on shares of LightPath Technologies in a report on Friday, May 10th.
Check Out Our Latest Research Report on LightPath Technologies
LightPath Technologies Stock Up 0.8 %
LightPath Technologies (NASDAQ:LPTH – Get Free Report) last released its earnings results on Thursday, May 9th. The technology company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). The business had revenue of $7.70 million during the quarter, compared to analyst estimates of $7.94 million. LightPath Technologies had a negative net margin of 19.72% and a negative return on equity of 18.97%. During the same period last year, the business posted ($0.03) EPS. On average, equities analysts anticipate that LightPath Technologies will post -0.2 earnings per share for the current fiscal year.
Institutional Trading of LightPath Technologies
Large investors have recently bought and sold shares of the company. Commonwealth Equity Services LLC purchased a new stake in shares of LightPath Technologies in the 3rd quarter worth about $50,000. Murphy Pohlad Asset Management LLC increased its stake in shares of LightPath Technologies by 240.7% during the 4th quarter. Murphy Pohlad Asset Management LLC now owns 46,000 shares of the technology company’s stock worth $58,000 after purchasing an additional 32,500 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in shares of LightPath Technologies during the 3rd quarter worth approximately $93,000. Worth Venture Partners LLC lifted its stake in LightPath Technologies by 9.9% in the 3rd quarter. Worth Venture Partners LLC now owns 929,611 shares of the technology company’s stock valued at $1,348,000 after buying an additional 83,649 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in LightPath Technologies by 15.6% in the 1st quarter. Vanguard Group Inc. now owns 1,571,852 shares of the technology company’s stock valued at $2,169,000 after buying an additional 211,626 shares in the last quarter. Institutional investors and hedge funds own 56.29% of the company’s stock.
LightPath Technologies Company Profile
LightPath Technologies, Inc designs, develops, manufactures, and distributes optical components and assemblies. The company offers precision molded glass aspheric optics, molded and diamond-turned infrared aspheric lenses, and other optical components used to produce products that manipulate light; and infrared products, including catalog and custom infrared optics.
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