LightPath Technologies, Inc. (NASDAQ:LPTH) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of LightPath Technologies, Inc. (NASDAQ:LPTH) have been given an average rating of “Moderate Buy” by the seven ratings firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $12.10.

LPTH has been the subject of several recent research reports. Canaccord Genuity Group initiated coverage on shares of LightPath Technologies in a report on Thursday, January 29th. They set a “buy” rating and a $15.00 target price for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of LightPath Technologies in a research report on Thursday, January 22nd. Lake Street Capital lifted their price objective on LightPath Technologies from $10.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. HC Wainwright boosted their target price on LightPath Technologies from $10.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Finally, LADENBURG THALM/SH SH raised LightPath Technologies to a “strong-buy” rating in a research note on Thursday, December 18th.

LightPath Technologies Price Performance

Shares of LPTH opened at $9.49 on Friday. The stock has a market cap of $547.67 million, a PE ratio of -18.25 and a beta of 0.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.42 and a current ratio of 3.97. LightPath Technologies has a fifty-two week low of $1.61 and a fifty-two week high of $15.24. The firm’s 50-day simple moving average is $11.40 and its two-hundred day simple moving average is $9.42.

Insider Transactions at LightPath Technologies

In related news, Director Run Strategic Opportunit North sold 770,321 shares of the stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $11.72, for a total transaction of $9,028,162.12. Following the sale, the director directly owned 2,728,968 shares of the company’s stock, valued at approximately $31,983,504.96. This represents a 22.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have sold 2,901,568 shares of company stock valued at $35,150,961. Insiders own 24.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Portolan Capital Management LLC bought a new position in shares of LightPath Technologies in the third quarter worth approximately $12,939,000. Tudor Investment Corp ET AL purchased a new stake in shares of LightPath Technologies during the third quarter valued at approximately $8,445,000. Granahan Investment Management LLC bought a new stake in shares of LightPath Technologies during the fourth quarter valued at approximately $7,085,000. AWM Investment Company Inc. increased its position in shares of LightPath Technologies by 40.9% during the fourth quarter. AWM Investment Company Inc. now owns 2,040,110 shares of the technology company’s stock valued at $22,033,000 after acquiring an additional 592,500 shares in the last quarter. Finally, Russell Investments Group Ltd. purchased a new position in LightPath Technologies in the 3rd quarter worth approximately $3,669,000. 56.29% of the stock is owned by hedge funds and other institutional investors.

About LightPath Technologies

LightPath Technologies, Inc designs, manufactures and distributes precision optical components and assemblies for a variety of commercial, industrial, defense and scientific applications. The company’s portfolio includes molded glass aspheric lenses, precision glass optics, infrared lenses and assemblies, diamond-turned optics and molded polymer optics. These components are engineered to support imaging, illumination, laser delivery, detection and sensing systems across visible, ultraviolet and infrared wavelengths.

Among its core offerings, LightPath develops infrared optical solutions using materials such as germanium, zinc selenide and chalcogenide glasses for thermal imaging, night-vision devices and spectroscopy.