Lantronix, Inc. (NASDAQ:LTRX) Short Interest Update

Lantronix, Inc. (NASDAQ:LTRX) was the recipient of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 140,200 shares, a decline of 17.7% from the October 15th total of 170,400 shares. Based on an average trading volume of 330,700 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analyst Weigh In

LTRX has been the topic of several recent analyst reports. StockNews.com lowered shares of Lantronix from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 11th. Needham & Company LLC cut their target price on shares of Lantronix from $7.00 to $5.50 and set a “buy” rating on the stock in a report on Monday, November 11th. Finally, Canaccord Genuity Group decreased their price target on shares of Lantronix from $7.50 to $5.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $6.50.

Lantronix Stock Up 0.4 %

Shares of NASDAQ:LTRX traded up $0.01 during midday trading on Friday, reaching $2.83. 568,597 shares of the company were exchanged, compared to its average volume of 500,256. The company has a current ratio of 2.61, a quick ratio of 2.03 and a debt-to-equity ratio of 0.16. Lantronix has a fifty-two week low of $2.48 and a fifty-two week high of $6.95. The stock has a fifty day simple moving average of $3.85 and a two-hundred day simple moving average of $3.75.

Lantronix (NASDAQ:LTRX) last issued its quarterly earnings results on Thursday, September 5th. The technology company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. The company had revenue of $49.08 million for the quarter, compared to analyst estimates of $49.10 million. Lantronix had a negative return on equity of 2.91% and a negative net margin of 3.17%. On average, sell-side analysts predict that Lantronix will post -0.01 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Saleel Awsare purchased 80,000 shares of Lantronix stock in a transaction dated Wednesday, November 13th. The shares were acquired at an average cost of $2.66 per share, for a total transaction of $212,800.00. Following the transaction, the chief executive officer now directly owns 233,184 shares of the company’s stock, valued at approximately $620,269.44. This trade represents a 52.22 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Bernhard Bruscha sold 31,630 shares of Lantronix stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $4.32, for a total value of $136,641.60. Following the sale, the insider now directly owns 5,293,503 shares of the company’s stock, valued at approximately $22,867,932.96. This trade represents a 0.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 85,065 shares of company stock valued at $356,232. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Lantronix

Institutional investors have recently bought and sold shares of the company. ProShare Advisors LLC bought a new position in shares of Lantronix during the 2nd quarter worth approximately $42,000. Mackenzie Financial Corp bought a new position in Lantronix in the second quarter valued at $50,000. SG Americas Securities LLC acquired a new stake in Lantronix in the 1st quarter valued at $55,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Lantronix in the 3rd quarter valued at $60,000. Finally, American Century Companies Inc. lifted its position in Lantronix by 27.6% during the 2nd quarter. American Century Companies Inc. now owns 26,319 shares of the technology company’s stock worth $93,000 after buying an additional 5,693 shares in the last quarter. Institutional investors 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.