Brokerages Set $3.18 Target Price for LightPath Technologies, Inc. (LPTH)

LightPath Technologies, Inc. (NASDAQ:LPTH) has been assigned an average broker rating score of 1.50 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy rating and one has issued a strong buy rating on the company.

Brokers have set a 1 year consensus target price of $3.18 for the company and are predicting that the company will post $0.01 EPS for the current quarter, according to Zacks. Zacks has also assigned LightPath Technologies an industry rank of 166 out of 265 based on the ratings given to its competitors.

Several research firms have recently weighed in on LPTH. Zacks Investment Research raised LightPath Technologies from a “sell” rating to a “buy” rating and set a $2.75 target price for the company in a report on Tuesday, January 23rd. Dougherty & Co reissued a “buy” rating and issued a $3.10 target price on shares of LightPath Technologies in a report on Friday, October 6th.

Shares of LightPath Technologies (LPTH) opened at $2.41 on Friday. LightPath Technologies has a fifty-two week low of $1.66 and a fifty-two week high of $4.10. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.18 and a quick ratio of 2.29. The firm has a market capitalization of $60.28, a PE ratio of 7.77, a PEG ratio of 1.48 and a beta of -0.66.

Institutional investors have recently bought and sold shares of the company. Essex Investment Management Co. LLC lifted its holdings in shares of LightPath Technologies by 152.6% in the 3rd quarter. Essex Investment Management Co. LLC now owns 143,267 shares of the technology company’s stock valued at $367,000 after purchasing an additional 86,541 shares during the last quarter. Virtu KCG Holdings LLC lifted its holdings in shares of LightPath Technologies by 601.9% in the 2nd quarter. Virtu KCG Holdings LLC now owns 215,689 shares of the technology company’s stock valued at $582,000 after purchasing an additional 184,960 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of LightPath Technologies by 1,332.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 311,047 shares of the technology company’s stock valued at $840,000 after purchasing an additional 289,330 shares during the last quarter. Foundry Partners LLC lifted its holdings in shares of LightPath Technologies by 8.5% in the 3rd quarter. Foundry Partners LLC now owns 384,300 shares of the technology company’s stock valued at $984,000 after purchasing an additional 30,000 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in LightPath Technologies by 19.0% in the 2nd quarter. Vanguard Group Inc. now owns 715,226 shares of the technology company’s stock valued at $1,931,000 after acquiring an additional 114,279 shares during the period. 31.33% of the stock is owned by institutional investors and hedge funds.

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LightPath Technologies Company Profile

LightPath Technologies, Inc is a manufacturer and integrator of families of precision molded aspheric optics, fiber-optic collimator, GRADIUM glass lenses and other optical materials used to produce products that manipulate light. The Company designs, develops, manufactures and distributes optical components and assemblies utilizing the optical processes and manufacturing technologies.

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