Lantronix (NASDAQ:LTRX) Downgraded to “Buy” Rating by Wall Street Zen

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

Several other analysts have also weighed in on the company. Canaccord Genuity Group began coverage on Lantronix in a research note on Monday, June 8th. They issued a “buy” rating and a $10.50 price objective on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lantronix in a research note on Tuesday, April 21st. UBS Group reaffirmed a “buy” rating on shares of Lantronix in a research note on Friday. Finally, Needham & Company LLC began coverage on Lantronix in a research note on Friday. They issued a “buy” rating and a $11.00 price objective on the stock. Five equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Lantronix has a consensus rating of “Moderate Buy” and an average target price of $9.88.

Lantronix Stock Performance

NASDAQ:LTRX opened at $6.71 on Friday. The stock’s 50-day simple moving average is $6.48 and its 200 day simple moving average is $6.13. The firm has a market capitalization of $295.11 million, a PE ratio of -39.47 and a beta of 1.64. 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 has a twelve month low of $2.34 and a twelve month high of $8.75.

Lantronix (NASDAQ:LTRX) last released its quarterly earnings data on Wednesday, May 6th. The technology company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). The business had revenue of $30.18 million during the quarter, compared to analyst estimates 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. On average, analysts anticipate that Lantronix will post -0.11 EPS for the current fiscal year.

Institutional Trading of Lantronix

A number of hedge funds have recently made changes to their positions in LTRX. R Squared Ltd boosted its stake in shares of Lantronix by 24.3% during the third quarter. R Squared Ltd now owns 14,073 shares of the technology company’s stock valued at $64,000 after purchasing an additional 2,754 shares in the last quarter. Invesco Ltd. acquired a new stake in shares of Lantronix during the fourth quarter valued at about $68,000. Bridgeway Capital Management LLC acquired a new stake in shares of Lantronix during the third quarter valued at about $85,000. Balyasny Asset Management L.P. acquired a new stake in shares of Lantronix during the fourth quarter valued at about $86,000. Finally, XTX Topco Ltd acquired a new stake in shares of Lantronix during the second quarter valued at about $86,000. 39.38% of the stock is owned by institutional investors and hedge funds.

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.