In a report released yesterday, Matt Koranda from Roth Capital reiterated a Buy rating on Lightpath Technologies (NASDAQ: LPTH), with a price target of $3.25. The company’s shares closed yesterday at $2.73.
According to TipRanks.com, Koranda is a 4-star analyst with an average return of 5.7% and a 52.2% success rate. Koranda covers the Industrial Goods sector, focusing on stocks such as Cooper-Standard Holdings, Pioneer Power Solutions, and Columbus Mckinnon Corp.
Lightpath Technologies has an analyst consensus of Moderate Buy, with a price target consensus of $3.25.
Based on Lightpath Technologies’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $7.57 million and quarterly net profit of $217.7K. In comparison, last year the company earned revenue of $5 million and had a net profit of $140.5K.
Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LPTH in relation to earlier this year. Earlier this month, Joseph Gaynor, the President & CEO of LPTH bought 15,000 shares for a total of $45,750.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
LightPath Technologies, Inc. designs, develops, manufactures and distributes optical and infrared components. Its products include molded glass aspheres and assemblies; infrared molded lenses, diamond turned, conventional ground and polished and CNC ground lenses and assemblies; and Gradium lenses.