nLight (NASDAQ:LASR) Coverage Initiated at Stifel Nicolaus

Stock analysts at Stifel Nicolaus started coverage on shares of nLight (NASDAQ:LASR) in a research note issued on Tuesday, Marketbeat.com reports. The firm set a “buy” rating and a $60.00 price target on the stock. Stifel Nicolaus’ price objective would suggest a potential upside of 30.61% from the company’s current price.

Several other equities analysts have also commented on the company. Cantor Fitzgerald boosted their price target on nLight from $33.50 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Canaccord Genuity Group upgraded shares of nLight to a “buy” rating in a research note on Wednesday, December 17th. Needham & Company LLC upped their target price on shares of nLight from $39.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of nLight in a report on Wednesday, October 8th. Finally, Roth Mkm initiated coverage on shares of nLight in a research note on Wednesday, December 17th. They set a “buy” rating and a $44.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, nLight presently has a consensus rating of “Moderate Buy” and an average price target of $38.43.

nLight Trading Up 1.5%

Shares of LASR opened at $45.94 on Tuesday. nLight has a twelve month low of $6.20 and a twelve month high of $47.50. The firm has a market capitalization of $2.33 billion, a P/E ratio of -52.20 and a beta of 2.33. The company has a current ratio of 5.63, a quick ratio of 4.36 and a debt-to-equity ratio of 0.09. The stock’s fifty day simple moving average is $36.98 and its 200 day simple moving average is $30.69.

Insider Transactions at nLight

In other news, CFO Joseph John Corso sold 66,075 shares of nLight stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $36.32, for a total value of $2,399,844.00. Following the completion of the transaction, the chief financial officer owned 196,224 shares in the company, valued at approximately $7,126,855.68. This trade represents a 25.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO James Nias sold 1,200 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $30.00, for a total value of $36,000.00. Following the completion of the sale, the chief accounting officer owned 99,512 shares of the company’s stock, valued at $2,985,360. This trade represents a 1.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 141,262 shares of company stock valued at $5,101,910 over the last ninety days. 4.70% of the stock is currently owned by company insiders.

Institutional Trading of nLight

Several institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of nLight by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,593 shares of the company’s stock worth $214,000 after purchasing an additional 1,170 shares during the period. Jane Street Group LLC grew its position in shares of nLight by 622.7% during the 1st quarter. Jane Street Group LLC now owns 77,201 shares of the company’s stock valued at $600,000 after buying an additional 66,518 shares during the last quarter. Strs Ohio acquired a new stake in nLight during the first quarter worth about $371,000. GAMMA Investing LLC boosted its stake in nLight by 147.6% in the second quarter. GAMMA Investing LLC now owns 1,550 shares of the company’s stock valued at $31,000 after acquiring an additional 924 shares during the period. Finally, CWM LLC boosted its stake in nLight by 191.6% in the second quarter. CWM LLC now owns 8,475 shares of the company’s stock valued at $167,000 after acquiring an additional 5,569 shares during the period. Institutional investors own 83.88% of the company’s stock.

About nLight

nLIGHT, Inc designs, develops, manufactures, and sells semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. The company operates in two segments, Laser Products and Advanced Development. It offers semiconductor lasers with various ranges of power levels, wavelengths, and output fiber sizes; and programmable and serviceable fiber lasers for use in industrial and aerospace and defense applications. The company also provides laser sensors, including light detection and ranging technologies for intelligence, surveillance, and reconnaissance applications; and fiber amplifiers, beam combination, and control systems for use in high-energy laser systems in directed energy applications.