Lantronix (NASDAQ:LTRX) Upgraded by Wall Street Zen to Strong-Buy Rating

Lantronix (NASDAQ:LTRX) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Saturday.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lantronix in a research note on Tuesday, April 21st. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $8.83.

Lantronix Trading Down 11.9%

Lantronix stock opened at $6.56 on Friday. The business has a 50-day simple moving average of $6.34 and a two-hundred day simple moving average of $6.06. The company has a market cap of $288.51 million, a P/E ratio of -38.59 and a beta of 1.64. Lantronix has a 52-week low of $2.28 and a 52-week high of $8.75. 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 released its quarterly earnings results on Wednesday, May 6th. The technology company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The firm had revenue of $30.18 million for the quarter, compared to the consensus estimate of $30.49 million. Lantronix had a negative net margin of 5.52% and a negative return on equity of 6.79%. Lantronix has set its Q4 2026 guidance at 0.030-0.050 EPS. Analysts predict that Lantronix will post -0.11 EPS for the current year.

Insider Activity

In related news, insider Mathi Gurusamy sold 14,467 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $6.21, for a total transaction of $89,840.07. Following the completion of the transaction, the insider directly owned 55,569 shares in the company, valued at approximately $345,083.49. The trade was a 20.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE grew its stake in shares of Lantronix by 210.7% during the 1st quarter. Bank of America Corp DE now owns 38,589 shares of the technology company’s stock valued at $202,000 after acquiring an additional 26,170 shares during the period. Renaissance Technologies LLC grew its stake in shares of Lantronix by 8.8% during the 1st quarter. Renaissance Technologies LLC now owns 690,194 shares of the technology company’s stock valued at $3,617,000 after acquiring an additional 56,000 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Lantronix by 41.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 945,025 shares of the technology company’s stock valued at $4,952,000 after acquiring an additional 275,842 shares during the period. Sei Investments Co. grew its stake in shares of Lantronix by 138.0% during the 1st quarter. Sei Investments Co. now owns 261,292 shares of the technology company’s stock valued at $1,369,000 after acquiring an additional 151,485 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Lantronix by 236.4% in the 1st quarter. Bank of New York Mellon Corp now owns 87,316 shares of the technology company’s stock worth $458,000 after purchasing an additional 61,358 shares during the period. 39.38% of the stock is currently 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.