LightPath Technologies (NASDAQ:LPTH) Price Target Raised to $5.00

LightPath Technologies (NASDAQ:LPTH) had its target price boosted by equities researchers at HC Wainwright from $3.00 to $5.00 in a report released on Friday,Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. HC Wainwright’s price objective points to a potential upside of 31.93% from the stock’s current price.

Several other equities research analysts also recently commented on the stock. Lake Street Capital lifted their price objective on shares of LightPath Technologies from $3.00 to $4.00 and gave the stock a “buy” rating in a research note on Friday, December 27th. StockNews.com downgraded shares of LightPath Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, December 25th. Finally, LADENBURG THALM/SH SH upped their price objective on shares of LightPath Technologies from $3.00 to $5.00 and gave the stock a “buy” rating in a research report on Thursday.

LightPath Technologies Stock Performance

Shares of LPTH opened at $3.79 on Friday. The stock has a fifty day moving average price of $2.07 and a 200-day moving average price of $1.60. LightPath Technologies has a 12 month low of $1.04 and a 12 month high of $4.09. The firm has a market cap of $150.33 million, a PE ratio of -17.23 and a beta of 1.32. The company has a current ratio of 1.73, a quick ratio of 1.03 and a debt-to-equity ratio of 0.03.

Institutional Investors Weigh In On LightPath Technologies

Large investors have recently modified their holdings of the business. AIGH Capital Management LLC grew its stake in 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 acquiring an additional 200,000 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in shares of 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 purchasing an additional 67,429 shares during the last quarter. Finally, Murphy Pohlad Asset Management LLC increased its holdings in shares of LightPath Technologies by 22.3% in the third quarter. Murphy Pohlad Asset Management LLC now owns 69,100 shares of the technology company’s stock valued at $95,000 after purchasing an additional 12,600 shares during the last quarter. Hedge funds and other institutional investors own 56.29% of the company’s stock.

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.