Research analysts at StockNews.com assumed coverage on shares of LightPath Technologies (NASDAQ:LPTH – Get Free Report) in a research note issued on Saturday. The brokerage set a “hold” rating on the technology company’s stock.
Separately, HC Wainwright reiterated a “buy” rating and issued a $3.00 target price on shares of LightPath Technologies in a research note on Friday, September 20th.
View Our Latest Analysis on LightPath Technologies
LightPath Technologies Price Performance
LightPath Technologies (NASDAQ:LPTH – Get Free Report) last announced its quarterly earnings results on Thursday, September 19th. The technology company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.02). LightPath Technologies had a negative net margin of 25.24% and a negative return on equity of 24.55%. The company had revenue of $8.63 million for the quarter, compared to the consensus estimate of $8.25 million. During the same quarter in the prior year, the company earned ($0.02) earnings per share. Equities research analysts anticipate that LightPath Technologies will post -0.13 earnings per share for the current year.
Institutional Investors Weigh In On LightPath Technologies
Institutional investors and hedge funds have recently bought and sold shares of the stock. Murphy Pohlad Asset Management LLC grew its stake in LightPath Technologies by 22.8% in the 2nd quarter. Murphy Pohlad Asset Management LLC now owns 56,500 shares of the technology company’s stock worth $71,000 after buying an additional 10,500 shares in the last quarter. Archon Capital Management LLC lifted its stake 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 purchasing an additional 37,400 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its position in shares of LightPath Technologies by 73.7% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 111,824 shares of the technology company’s stock valued at $141,000 after purchasing an additional 47,429 shares during the last quarter. AIGH Capital Management LLC raised its holdings in shares of LightPath Technologies by 5.7% during the 2nd quarter. AIGH Capital Management LLC now owns 3,723,932 shares of the technology company’s stock valued at $4,692,000 after buying an additional 200,000 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of LightPath Technologies by 15.6% during the first quarter. Vanguard Group Inc. now owns 1,571,852 shares of the technology company’s stock worth $2,169,000 after acquiring an additional 211,626 shares in the last quarter. 56.29% of the stock is owned by hedge funds and other institutional investors.
About LightPath Technologies
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.
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