Nlight Inc (NASDAQ:LASR) has received a consensus recommendation of “Hold” from the eleven analysts that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $28.50.
A number of brokerages have recently commented on LASR. Zacks Investment Research upgraded shares of Nlight from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Saturday, December 8th. UBS Group began coverage on shares of Nlight in a research report on Friday, November 30th. They issued a “neutral” rating for the company. Susquehanna Bancshares began coverage on shares of Nlight in a research report on Friday, November 30th. They issued a “neutral” rating and a $22.00 target price for the company. Needham & Company LLC reduced their target price on shares of Nlight from $29.00 to $27.00 and set a “buy” rating for the company in a research report on Monday, December 10th. Finally, Craig Hallum began coverage on shares of Nlight in a research report on Friday, February 8th. They issued a “hold” rating and a $20.00 target price for the company.
In related news, insider Robert Martinsen sold 1,500 shares of the firm’s stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $19.86, for a total transaction of $29,790.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Ran Bareket sold 5,000 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $20.53, for a total transaction of $102,650.00. The disclosure for this sale can be found here. Insiders sold 32,309 shares of company stock valued at $648,605 over the last quarter.
A number of institutional investors have recently added to or reduced their stakes in the stock. Citigroup Inc. increased its position in Nlight by 34.0% during the fourth quarter. Citigroup Inc. now owns 2,563 shares of the company’s stock worth $46,000 after purchasing an additional 650 shares during the last quarter. Advisor Group Inc. increased its position in Nlight by 55.3% during the fourth quarter. Advisor Group Inc. now owns 4,578 shares of the company’s stock worth $81,000 after purchasing an additional 1,631 shares during the last quarter. Quantamental Technologies LLC acquired a new stake in Nlight during the fourth quarter worth about $34,000. Oppenheimer Asset Management Inc. acquired a new stake in Nlight during the fourth quarter worth about $38,000. Finally, LPL Financial LLC increased its position in Nlight by 20.9% during the fourth quarter. LPL Financial LLC now owns 15,168 shares of the company’s stock worth $270,000 after purchasing an additional 2,624 shares during the last quarter. Hedge funds and other institutional investors own 75.96% of the company’s stock.
LASR opened at $22.11 on Friday. The company has a current ratio of 9.12, a quick ratio of 7.71 and a debt-to-equity ratio of 0.08. The firm has a market cap of $765.04 million and a price-to-earnings ratio of 69.09. Nlight has a 52-week low of $16.25 and a 52-week high of $43.63.
Nlight (NASDAQ:LASR) last posted its quarterly earnings data on Wednesday, February 20th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.02. The business had revenue of $46.16 million for the quarter, compared to the consensus estimate of $46.64 million. Nlight had a net margin of 7.28% and a return on equity of 9.33%. The company’s revenue was up 23.2% compared to the same quarter last year. During the same period last year, the firm posted $0.04 earnings per share. On average, research analysts anticipate that Nlight will post 0.21 earnings per share for the current fiscal year.
nLIGHT, Inc designs, develops, and manufactures semiconductor and fiber lasers used in various end applications in the industrial, microfabrication, and aerospace and defense markets. The company also produces optical fiber products. It markets and sells its products to original equipment manufacturer primarily through direct sales force in the United States, China, South Korea, Germany, and Finland, as well as through various independent sales representatives and distributors in North America, Asia, and Europe.
Read More: How to invest in a bear market
Receive News & Ratings for Nlight Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nlight and related companies with MarketBeat.com's FREE daily email newsletter.