Lantronix, Inc. (NASDAQ:LTRX) Receives Average Rating of “Buy” from Brokerages

Lantronix, Inc. (NASDAQ:LTRX) has been assigned an average recommendation of “Buy” from the five brokerages that are covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy rating. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $6.50.

Several equities research analysts have weighed in on LTRX shares. Needham & Company LLC lowered their price target on Lantronix from $7.00 to $5.50 and set a “buy” rating for the company in a report on Monday, November 11th. StockNews.com downgraded Lantronix from a “strong-buy” rating to a “buy” rating in a report on Monday, November 11th. Finally, Canaccord Genuity Group lowered their price target on Lantronix from $7.50 to $5.00 and set a “buy” rating for the company in a report on Tuesday, November 12th.

Insider Transactions at Lantronix

In other news, CEO Saleel Awsare acquired 80,000 shares of Lantronix stock in a transaction dated Wednesday, November 13th. The stock was purchased at an average cost of $2.66 per share, for a total transaction of $212,800.00. Following the completion of the purchase, the chief executive officer now directly owns 233,184 shares in the company, valued at $620,269.44. This trade represents a 52.22 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Hoshi Printer acquired 15,000 shares of Lantronix stock in a transaction dated Tuesday, November 26th. The stock was purchased at an average price of $2.90 per share, with a total value of $43,500.00. Following the completion of the purchase, the director now owns 176,075 shares of the company’s stock, valued at approximately $510,617.50. The trade was a 9.31 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its position in Lantronix by 18.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,022,193 shares of the technology company’s stock valued at $3,629,000 after acquiring an additional 159,671 shares in the last quarter. Renaissance Technologies LLC raised its position in Lantronix by 30.4% during the second quarter. Renaissance Technologies LLC now owns 654,494 shares of the technology company’s stock valued at $2,323,000 after acquiring an additional 152,400 shares in the last quarter. Geode Capital Management LLC raised its position in Lantronix by 3.2% during the third quarter. Geode Capital Management LLC now owns 338,202 shares of the technology company’s stock valued at $1,394,000 after acquiring an additional 10,413 shares in the last quarter. Marshall Wace LLP raised its position in Lantronix by 260.2% during the second quarter. Marshall Wace LLP now owns 160,270 shares of the technology company’s stock valued at $569,000 after acquiring an additional 115,772 shares in the last quarter. Finally, XTX Topco Ltd raised its position in Lantronix by 217.7% during the second quarter. XTX Topco Ltd now owns 149,855 shares of the technology company’s stock valued at $532,000 after acquiring an additional 102,688 shares in the last quarter. 39.38% of the stock is currently owned by hedge funds and other institutional investors.

Lantronix Price Performance

Shares of LTRX stock opened at $3.51 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.61 and a quick ratio of 1.78. The company has a market cap of $135.05 million, a P/E ratio of -25.07 and a beta of 1.94. The stock’s 50-day moving average is $3.43 and its 200 day moving average is $3.69. Lantronix has a 1-year low of $2.48 and a 1-year high of $6.90.

Lantronix Company Profile

Lantronix, Inc provides solutions for video surveillance, infotainment systems, and intelligent substations infrastructure in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT System Solutions, which provide wired and wireless connections that enhance the value and utility of modern electronic systems and equipment through secure network connectivity, power for IoT end devices through Power over Ethernet, application hosting, protocol conversion, media conversion, secure access for distributed IoT deployments, and various other functions; Embedded IoT Modules, such as application processing delivering compute to meet customer needs for data transformation, computer vision, machine learning, augmented/virtual reality, audio/video aggregation and distribution, and custom applications; and Software and Engineering Services offers SaaS platform that enables customers to deploy, monitor, manage, and automate across their global deployments through a single platform login.