Insider Buying: Lantronix, Inc. (NASDAQ:LTRX) Director Purchases 15,000 Shares of Stock

Lantronix, Inc. (NASDAQ:LTRX) Director Hoshi Printer acquired 15,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were bought at an average cost of $2.90 per share, for a total transaction of $43,500.00. Following the completion of the transaction, the director now directly owns 176,075 shares of the company’s stock, valued at $510,617.50. This represents a 9.31 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Lantronix Price Performance

Shares of Lantronix stock opened at $2.92 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.61 and a quick ratio of 1.78. Lantronix, Inc. has a fifty-two week low of $2.48 and a fifty-two week high of $6.95. The firm has a fifty day moving average price of $3.62 and a two-hundred day moving average price of $3.70. The company has a market cap of $112.33 million, a PE ratio of -20.86 and a beta of 2.14.

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

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Canaccord Genuity Group reduced their target price on shares of Lantronix from $7.50 to $5.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Needham & Company LLC reduced their target price on shares of Lantronix from $7.00 to $5.50 and set a “buy” rating for the company in a research note on Monday, November 11th. Finally, StockNews.com cut shares of Lantronix from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 11th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $6.50.

Hedge Funds Weigh In On Lantronix

Hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC raised its stake in shares of Lantronix by 30.4% in the 2nd quarter. Renaissance Technologies LLC now owns 654,494 shares of the technology company’s stock valued at $2,323,000 after buying an additional 152,400 shares in the last quarter. First Eagle Investment Management LLC raised its stake in shares of Lantronix by 65.0% in the 2nd quarter. First Eagle Investment Management LLC now owns 855,234 shares of the technology company’s stock valued at $3,036,000 after buying an additional 336,781 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Lantronix by 18.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,022,193 shares of the technology company’s stock worth $3,629,000 after purchasing an additional 159,671 shares in the last quarter. Herald Investment Management Ltd increased its position in shares of Lantronix by 17.6% during the 2nd quarter. Herald Investment Management Ltd now owns 1,000,000 shares of the technology company’s stock worth $3,550,000 after purchasing an additional 150,000 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Lantronix by 10.3% during the 1st quarter. Vanguard Group Inc. now owns 1,402,989 shares of the technology company’s stock worth $4,995,000 after purchasing an additional 131,476 shares in the last quarter. Institutional investors and hedge funds own 39.38% of the company’s stock.

About Lantronix

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.