Wall Street Zen Upgrades Lantronix (NASDAQ:LTRX) to “Strong-Buy”

Lantronix (NASDAQ:LTRX) was upgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Sunday.

A number of other brokerages also recently issued reports on LTRX. Weiss Ratings reissued a “sell (d-)” rating on shares of Lantronix in a research report on Wednesday, October 8th. Lake Street Capital upped their target price on Lantronix from $6.00 to $8.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. Finally, Needham & Company LLC raised their price target on Lantronix from $5.50 to $7.50 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $6.17.

Lantronix Trading Down 0.8%

NASDAQ LTRX opened at $6.18 on Friday. The stock has a market capitalization of $243.24 million, a price-to-earnings ratio of -22.89 and a beta of 1.50. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.93 and a current ratio of 3.01. Lantronix has a 52 week low of $1.91 and a 52 week high of $6.75. The stock’s 50 day moving average price is $5.42 and its two-hundred day moving average price is $4.49.

Lantronix (NASDAQ:LTRX) last released its quarterly earnings results on Wednesday, November 5th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. The business had revenue of $29.79 million during the quarter, compared to the consensus estimate of $29.55 million. Lantronix had a negative return on equity of 11.63% and a negative net margin of 8.68%.Lantronix has set its Q2 2026 guidance at 0.020-0.04 EPS. As a group, analysts anticipate that Lantronix will post -0.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LTRX. Jane Street Group LLC boosted its position in Lantronix by 19.7% during the 1st quarter. Jane Street Group LLC now owns 71,293 shares of the technology company’s stock worth $178,000 after buying an additional 11,728 shares during the period. Atria Wealth Solutions Inc. bought a new position in shares of Lantronix during the second quarter valued at $60,000. R Squared Ltd acquired a new position in shares of Lantronix during the second quarter worth $32,000. AMH Equity Ltd grew its stake in shares of Lantronix by 24.5% in the second quarter. AMH Equity Ltd now owns 250,000 shares of the technology company’s stock worth $718,000 after purchasing an additional 49,219 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Lantronix in the second quarter worth $86,000. Institutional investors and hedge funds own 39.38% of the company’s stock.

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.