LightPath Technologies (NASDAQ:LPTH) Earns “Buy” Rating from HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of LightPath Technologies (NASDAQ:LPTH) in a research report released on Friday, Benzinga reports. HC Wainwright currently has a $3.00 price objective on the technology company’s stock. HC Wainwright also issued estimates for LightPath Technologies’ Q1 2025 earnings at ($0.05) EPS, Q2 2025 earnings at ($0.04) EPS, Q3 2025 earnings at ($0.05) EPS and Q4 2025 earnings at ($0.03) EPS.

Separately, StockNews.com began coverage on shares of LightPath Technologies in a research note on Friday. They set a hold rating for the company.

LightPath Technologies Trading Down 0.8 %

NASDAQ:LPTH opened at $1.26 on Friday. The company has a market cap of $48.90 million, a P/E ratio of -7.00 and a beta of 1.31. LightPath Technologies has a twelve month low of $1.04 and a twelve month high of $1.77. The business has a 50 day moving average price of $1.30 and a two-hundred day moving average price of $1.35. The company has a quick ratio of 1.13, a current ratio of 2.01 and a debt-to-equity ratio of 0.03.

LightPath Technologies (NASDAQ:LPTH) last announced its quarterly earnings data on Thursday, September 19th. The technology company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). The business had revenue of $8.63 million during the quarter, compared to the consensus estimate of $8.25 million. LightPath Technologies had a negative return on equity of 18.97% and a negative net margin of 19.72%. During the same period in the prior year, the firm earned ($0.02) EPS. As a group, analysts expect that LightPath Technologies will post -0.2 EPS for the current fiscal year.

Hedge Funds Weigh In On LightPath Technologies

A number of institutional investors have recently added to or reduced their stakes in LPTH. Vanguard Group Inc. lifted its stake in LightPath Technologies by 15.6% in the first quarter. Vanguard Group Inc. now owns 1,571,852 shares of the technology company’s stock valued at $2,169,000 after acquiring an additional 211,626 shares during the last quarter. AIGH Capital Management LLC grew its holdings in LightPath Technologies by 5.7% during the second quarter. AIGH Capital Management LLC now owns 3,723,932 shares of the technology company’s stock worth $4,692,000 after purchasing an additional 200,000 shares during the period. B. Riley Wealth Advisors Inc. grew its holdings in LightPath Technologies by 104.7% during the second quarter. B. Riley Wealth Advisors Inc. now owns 131,824 shares of the technology company’s stock worth $166,000 after purchasing an additional 67,429 shares during the period. Archon Capital Management LLC increased its position in LightPath Technologies by 1.8% during the first quarter. Archon Capital Management LLC now owns 2,082,934 shares of the technology company’s stock worth $2,874,000 after buying an additional 37,400 shares during the last quarter. Finally, Murphy Pohlad Asset Management LLC raised its stake in LightPath Technologies by 22.8% in the second quarter. Murphy Pohlad Asset Management LLC now owns 56,500 shares of the technology company’s stock valued at $71,000 after buying an additional 10,500 shares during the period. 56.29% of the stock is currently owned by institutional investors and hedge funds.

LightPath Technologies Company Profile

LightPath Technologies, Inc designs, develops, manufactures, and distributes optical components and assemblies. The company offers precision molded glass aspheric optics, molded and diamond-turned infrared aspheric lenses, and other optical components used to produce products that manipulate light; and infrared products, including catalog and custom infrared optics.