Lantronix (NASDAQ:LTRX) Lowered to Buy Rating by Wall Street Zen

Lantronix (NASDAQ:LTRX) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Monday.

Several other equities analysts also recently commented on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Lantronix in a research report on Wednesday, October 8th. Needham & Company LLC boosted their target price on shares of Lantronix from $5.50 to $7.50 and gave the company a “buy” rating in a research note on Thursday, November 6th. Finally, Lake Street Capital upped their target price on shares of Lantronix from $6.00 to $8.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Lantronix presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.17.

Lantronix Price Performance

Shares of Lantronix stock opened at $6.93 on Monday. The firm has a market cap of $272.76 million, a P/E ratio of -25.67 and a beta of 1.50. The firm’s 50-day simple moving average is $5.59 and its 200-day simple moving average is $4.63. Lantronix has a twelve month low of $1.91 and a twelve month high of $6.96. 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 (NASDAQ:LTRX) last posted its quarterly earnings results on Wednesday, November 5th. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. The firm had revenue of $29.79 million during the quarter, compared to analyst estimates 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. As a group, research analysts expect that Lantronix will post -0.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Thompson Davis & CO. Inc. acquired a new position in Lantronix during the 4th quarter worth about $97,000. Qube Research & Technologies Ltd lifted 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 worth $293,000 after purchasing an additional 27,661 shares in the last quarter. Millennium Management LLC acquired a new position in shares of Lantronix during the third quarter worth approximately $564,000. Citadel Advisors LLC increased its holdings in shares of Lantronix by 1,191.2% in the third quarter. Citadel Advisors LLC now owns 195,583 shares of the technology company’s stock valued at $894,000 after purchasing an additional 180,436 shares in the last quarter. Finally, Centiva Capital LP bought a new position in Lantronix in the 3rd quarter worth approximately $237,000. 39.38% of the stock is owned by institutional investors.

About Lantronix

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.