Lantronix, Inc. (NASDAQ:LTRX) Director Jason Cohenour Acquires 21,000 Shares of Stock

Lantronix, Inc. (NASDAQ:LTRX) Director Jason Cohenour purchased 21,000 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The stock was bought at an average cost of $3.63 per share, for a total transaction of $76,230.00. Following the purchase, the director now directly owns 33,909 shares in the company, valued at approximately $123,089.67. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Lantronix Price Performance

Shares of NASDAQ:LTRX opened at $3.74 on Tuesday. The business has a fifty day simple moving average of $3.53 and a 200 day simple moving average of $4.74. The company has a current ratio of 2.25, a quick ratio of 1.32 and a debt-to-equity ratio of 0.18. Lantronix, Inc. has a 1 year low of $3.08 and a 1 year high of $6.95. The firm has a market cap of $140.55 million, a price-to-earnings ratio of -20.78 and a beta of 2.05.

Lantronix (NASDAQ:LTRX) last posted its earnings results on Thursday, February 8th. The technology company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.06). Lantronix had a negative return on equity of 8.47% and a negative net margin of 4.48%. The business had revenue of $37.04 million for the quarter, compared to analyst estimates of $37.20 million. As a group, sell-side analysts predict that Lantronix, Inc. will post -0.06 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LTRX. Craig Hallum dropped their target price on shares of Lantronix from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Tuesday, April 30th. Roth Mkm reissued a “buy” rating and set a $9.00 target price on shares of Lantronix in a research note on Tuesday, April 30th. Lake Street Capital decreased their target price on Lantronix from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Tuesday, April 30th. Needham & Company LLC reiterated a “buy” rating and set a $7.00 price target on shares of Lantronix in a report on Tuesday, April 30th. Finally, StockNews.com raised Lantronix from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 13th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $8.50.

Institutional Investors Weigh In On Lantronix

Several institutional investors and hedge funds have recently added to or reduced their stakes in LTRX. Wasatch Advisors LP raised its position in shares of Lantronix by 11.4% in the fourth quarter. Wasatch Advisors LP now owns 1,622,343 shares of the technology company’s stock valued at $9,507,000 after purchasing an additional 165,711 shares during the period. AMH Equity Ltd raised its holdings in Lantronix by 16.0% in the 4th quarter. AMH Equity Ltd now owns 1,321,234 shares of the technology company’s stock worth $7,742,000 after acquiring an additional 182,552 shares during the period. First Eagle Investment Management LLC lifted its position in Lantronix by 4.8% during the 4th quarter. First Eagle Investment Management LLC now owns 533,353 shares of the technology company’s stock worth $3,125,000 after acquiring an additional 24,250 shares during the last quarter. Essex Investment Management Co. LLC grew its holdings in shares of Lantronix by 1.6% during the 1st quarter. Essex Investment Management Co. LLC now owns 404,158 shares of the technology company’s stock worth $1,439,000 after purchasing an additional 6,171 shares in the last quarter. Finally, Barclays PLC bought a new stake in shares of Lantronix during the third quarter valued at approximately $176,000. 39.38% of the stock is currently owned by institutional investors and hedge funds.

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.