LightPath Technologies (NASDAQ:LPTH – Get Free Report) had its price target hoisted by analysts at Lake Street Capital from $3.00 to $4.00 in a research report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Lake Street Capital’s price target points to a potential upside of 14.61% from the stock’s current price.
LPTH has been the topic of several other reports. HC Wainwright reiterated a “buy” rating and set a $3.00 price target on shares of LightPath Technologies in a research note on Friday, September 20th. StockNews.com downgraded LightPath Technologies from a “hold” rating to a “sell” rating in a report on Wednesday.
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LightPath Technologies Trading Up 12.6 %
Institutional Investors Weigh In On LightPath Technologies
A number of institutional investors and hedge funds have recently made changes to their positions in LPTH. Murphy Pohlad Asset Management LLC increased its stake in LightPath Technologies by 22.3% in the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 69,100 shares of the technology company’s stock valued at $95,000 after buying an additional 12,600 shares during the period. B. Riley Wealth Advisors Inc. lifted its holdings in LightPath Technologies by 104.7% in the second quarter. B. Riley Wealth Advisors Inc. now owns 131,824 shares of the technology company’s stock valued at $166,000 after acquiring an additional 67,429 shares during the period. Finally, AIGH Capital Management LLC boosted its position 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 worth $4,692,000 after purchasing an additional 200,000 shares in the last quarter. 56.29% of the stock is owned by hedge funds and other institutional investors.
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.
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