Lantronix, Inc. (NASDAQ:LTRX) Director Hoshi Printer Acquires 15,000 Shares of Stock

Lantronix, Inc. (NASDAQ:LTRX) Director Hoshi Printer purchased 15,000 shares of Lantronix stock in a transaction dated Tuesday, November 26th. The stock was acquired at an average cost of $2.90 per share, with a total value of $43,500.00. Following the completion of the acquisition, the director now directly owns 176,075 shares in the company, valued at approximately $510,617.50. This trade represents a 9.31 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Lantronix Stock Up 2.7 %

Shares of NASDAQ:LTRX opened at $3.00 on Friday. Lantronix, Inc. has a 1 year low of $2.48 and a 1 year high of $6.95. The stock has a 50-day simple moving average of $3.60 and a 200-day simple moving average of $3.70. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.78 and a current ratio of 2.61. The stock has a market capitalization of $115.43 million, a P/E ratio of -21.43 and a beta of 2.14.

Lantronix (NASDAQ:LTRX) last released its quarterly earnings data on Thursday, September 5th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.02. The company had revenue of $49.08 million during the quarter, compared to analyst estimates of $49.10 million. Lantronix had a negative net margin of 3.17% and a negative return on equity of 2.91%. Equities analysts forecast that Lantronix, Inc. will post -0.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on LTRX shares. Needham & Company LLC lowered their price objective on shares of Lantronix from $7.00 to $5.50 and set a “buy” rating on the stock in a research note on Monday, November 11th. Canaccord Genuity Group reduced their price objective on shares of Lantronix from $7.50 to $5.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. Finally, StockNews.com downgraded Lantronix from a “strong-buy” rating to a “buy” rating in a report on Monday, November 11th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $6.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. ProShare Advisors LLC purchased a new stake in shares of Lantronix during the 2nd quarter valued at about $42,000. Mackenzie Financial Corp acquired a new stake in Lantronix in the second quarter valued at approximately $50,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Lantronix during the third quarter valued at approximately $60,000. American Century Companies Inc. lifted its position in shares of Lantronix by 27.6% during the second quarter. American Century Companies Inc. now owns 26,319 shares of the technology company’s stock worth $93,000 after purchasing an additional 5,693 shares in the last quarter. Finally, Barclays PLC boosted its stake in shares of Lantronix by 235.9% in the third quarter. Barclays PLC now owns 62,321 shares of the technology company’s stock valued at $257,000 after purchasing an additional 43,770 shares during the period. Institutional investors and hedge funds own 39.38% of the company’s stock.

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.