Lantronix, Inc. (NASDAQ:LTRX) Receives Average Recommendation of “Moderate Buy” from Analysts

Lantronix, Inc. (NASDAQ:LTRX) has earned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $9.8750.

Several brokerages recently commented on LTRX. UBS Group reissued a “buy” rating on shares of Lantronix in a research note on Friday, June 12th. Needham & Company LLC initiated coverage on shares of Lantronix in a research note on Friday, June 12th. They issued a “buy” rating and a $11.00 target price for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lantronix in a research note on Tuesday, April 21st. Wall Street Zen lowered shares of Lantronix from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. Finally, Canaccord Genuity Group assumed coverage on shares of Lantronix in a research note on Monday, June 8th. They set a “buy” rating and a $10.50 price target on the stock.

Lantronix Trading Down 7.3%

NASDAQ LTRX opened at $5.49 on Friday. The company has a current ratio of 2.74, a quick ratio of 1.80 and a debt-to-equity ratio of 0.12. Lantronix has a 1-year low of $2.86 and a 1-year high of $8.75. The firm’s fifty day simple moving average is $6.55 and its 200-day simple moving average is $6.19. The company has a market capitalization of $241.45 million, a PE ratio of -32.29 and a beta of 1.69.

Lantronix (NASDAQ:LTRX) last released its quarterly earnings data 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). Lantronix had a negative net margin of 5.52% and a negative return on equity of 6.79%. The firm had revenue of $30.18 million for the quarter, compared to analyst estimates of $30.49 million. Lantronix has set its Q4 2026 guidance at 0.030-0.050 EPS. As a group, sell-side analysts anticipate that Lantronix will post -0.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lantronix

Several hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Lantronix by 2.8% in the third quarter. Vanguard Group Inc. now owns 1,486,791 shares of the technology company’s stock worth $6,795,000 after buying an additional 40,890 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings 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 last quarter. Renaissance Technologies LLC increased its holdings 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 last quarter. Marshall Wace LLP raised its stake in shares of Lantronix by 9.7% in the 4th quarter. Marshall Wace LLP now owns 678,929 shares of the technology company’s stock valued at $3,979,000 after acquiring an additional 59,866 shares in the last quarter. Finally, Soviero Asset Management LP raised its stake in shares of Lantronix by 11.8% in the 4th quarter. Soviero Asset Management LP now owns 570,000 shares of the technology company’s stock valued at $3,340,000 after acquiring an additional 60,000 shares in the last quarter. 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.