Lantronix (NASDAQ:LTRX) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Shares of Lantronix, Inc. (NASDAQ:LTRX) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $5.98 and traded as high as $7.88. Lantronix shares last traded at $7.55, with a volume of 3,823,424 shares changing hands.

Analysts Set New Price Targets

Several research firms recently commented on LTRX. Needham & Company LLC raised their price target on shares of Lantronix from $7.50 to $8.50 and gave the company a “buy” rating in a research report on Thursday, February 5th. Wall Street Zen lowered shares of Lantronix from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Lantronix in a research report on Tuesday, April 21st. Finally, Craig Hallum restated a “buy” rating and set a $10.00 price target on shares of Lantronix in a research report on Thursday, February 5th. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $8.83.

Lantronix Trading Down 10.7%

The company’s 50-day moving average price is $6.19 and its 200-day moving average price is $5.98. The firm has a market cap of $300.64 million, a price-to-earnings ratio of -44.41 and a beta of 1.63. The company has a quick ratio of 1.80, a current ratio of 2.74 and a debt-to-equity ratio of 0.12.

Lantronix (NASDAQ:LTRX) last announced its earnings results on Wednesday, May 6th. The technology company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01). Lantronix had a negative net margin of 5.52% and a negative return on equity of 6.79%. The company had revenue of $30.18 million during the quarter, compared to analyst estimates of $30.49 million. Lantronix has set its Q4 2026 guidance at 0.030-0.050 EPS. Equities analysts expect that Lantronix, Inc. will post -0.11 EPS for the current fiscal year.

Insider Activity

In other news, insider Mathi Gurusamy sold 14,467 shares of Lantronix stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $6.21, for a total value of $89,840.07. Following the sale, the insider owned 55,569 shares in the company, valued at $345,083.49. This trade represents a 20.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Lantronix

Several hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE lifted its stake in shares of Lantronix by 210.7% in the first quarter. Bank of America Corp DE now owns 38,589 shares of the technology company’s stock worth $202,000 after buying an additional 26,170 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Lantronix by 8.8% in the first quarter. Renaissance Technologies LLC now owns 690,194 shares of the technology company’s stock worth $3,617,000 after buying an additional 56,000 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Lantronix by 41.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 945,025 shares of the technology company’s stock worth $4,952,000 after buying an additional 275,842 shares in the last quarter. Sei Investments Co. lifted its stake in shares of Lantronix by 138.0% in the first quarter. Sei Investments Co. now owns 261,292 shares of the technology company’s stock worth $1,369,000 after buying an additional 151,485 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Lantronix by 236.4% in the first quarter. Bank of New York Mellon Corp now owns 87,316 shares of the technology company’s stock worth $458,000 after buying an additional 61,358 shares in the last quarter. 39.38% of the stock is owned by hedge funds and other institutional investors.

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.