Lantronix (NASDAQ:LTRX) Coverage Initiated by Analysts at JonesTrading

JonesTrading started coverage on shares of Lantronix (NASDAQ:LTRX) in a research note released on Wednesday morning,Benzinga reports. The firm issued a buy rating and a $12.00 target price on the technology company’s stock.

LTRX has been the subject of several other reports. UBS Group reiterated a “buy” rating on shares of Lantronix in a research report on Friday, June 12th. Needham & Company LLC started coverage on Lantronix in a report on Friday, June 12th. They issued a “buy” rating and a $11.00 price objective on the stock. Wall Street Zen cut shares of Lantronix from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. Canaccord Genuity Group upped their target price on shares of Lantronix from $10.50 to $11.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lantronix in a research report on Tuesday, April 21st. Six investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.40.

Lantronix Trading Up 3.9%

Shares of Lantronix stock opened at $5.57 on Wednesday. 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 twelve month low of $2.86 and a twelve month high of $8.75. The firm has a market capitalization of $244.97 million, a PE ratio of -32.76 and a beta of 1.69. The firm’s 50-day moving average price is $6.36 and its 200 day moving average price is $6.18.

Lantronix (NASDAQ:LTRX) last posted its quarterly earnings data on Wednesday, May 6th. The technology company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). The firm had revenue of $30.18 million for the quarter, compared to analysts’ expectations of $30.49 million. Lantronix had a negative return on equity of 6.79% and a negative net margin of 5.52%.Lantronix has set its Q4 2026 guidance at 0.030-0.050 EPS. On average, sell-side analysts predict that Lantronix will post -0.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Lantronix

Several hedge funds and other institutional investors have recently bought and sold shares of LTRX. Vanguard Group Inc. raised its stake in Lantronix by 2.8% during the third quarter. Vanguard Group Inc. now owns 1,486,791 shares of the technology company’s stock worth $6,795,000 after purchasing an additional 40,890 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Lantronix by 41.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 945,025 shares of the technology company’s stock valued at $4,952,000 after buying an additional 275,842 shares during the period. 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 worth $3,617,000 after buying an additional 56,000 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of Lantronix by 9.7% during the 4th quarter. Marshall Wace LLP now owns 678,929 shares of the technology company’s stock worth $3,979,000 after buying an additional 59,866 shares during the last quarter. Finally, Soviero Asset Management LP raised its position in shares of Lantronix by 11.8% during the 4th quarter. Soviero Asset Management LP now owns 570,000 shares of the technology company’s stock valued at $3,340,000 after buying an additional 60,000 shares during the period. 39.38% of the stock is currently owned by institutional investors and hedge funds.

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.