Key Points
- CEO Scott Keeney sold 15,371 shares on Dec. 4 at an average price of $35.66 for $548,129.86, trimming his stake by 0.67% to 2,285,020 shares (worth about $81.48M).
- Wall Street sentiment is generally positive with an average rating of Buy (two Strong Buy, five Buy, one Sell) and an average price target of $32.67; Cantor Fitzgerald raised its target to $40 and rated the stock Overweight.
- Shares trade near recent highs (opened $36.44; 52-week high $38.62) with a $1.85B market cap, a negative P/E (-41.4), and heavy institutional ownership (~83.9%).
nLight (NASDAQ:LASR - Get Free Report) CAO James Nias sold 556 shares of the firm's stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $33.78, for a total value of $18,781.68. Following the sale, the chief accounting officer directly owned 98,956 shares of the company's stock, valued at $3,342,733.68. This represents a 0.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
James Nias also recently made the following trade(s):
- On Friday, November 21st, James Nias sold 1,200 shares of nLight stock. The shares were sold at an average price of $30.00, for a total value of $36,000.00.
nLight Price Performance
nLight stock opened at $36.44 on Friday. The business's fifty day moving average is $31.85 and its two-hundred day moving average is $25.55. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.36 and a current ratio of 5.63. The firm has a market cap of $1.85 billion, a P/E ratio of -41.41 and a beta of 2.34. nLight has a 52 week low of $6.20 and a 52 week high of $38.62.
Institutional Investors Weigh In On nLight
Several institutional investors have recently modified their holdings of the business. Assenagon Asset Management S.A. lifted its holdings in nLight by 1.6% in the third quarter. Assenagon Asset Management S.A. now owns 22,301 shares of the company's stock valued at $661,000 after buying an additional 357 shares during the period. Ameritas Investment Partners Inc. grew its holdings in nLight by 12.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,911 shares of the company's stock worth $97,000 after acquiring an additional 561 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of nLight by 4.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,988 shares of the company's stock valued at $354,000 after acquiring an additional 723 shares during the last quarter. GAMMA Investing LLC raised its position in shares of nLight by 147.6% during the 2nd quarter. GAMMA Investing LLC now owns 1,550 shares of the company's stock valued at $31,000 after acquiring an additional 924 shares during the last quarter. Finally, Larson Financial Group LLC lifted its stake in shares of nLight by 45.5% in the 3rd quarter. Larson Financial Group LLC now owns 3,488 shares of the company's stock valued at $103,000 after purchasing an additional 1,091 shares during the period. Institutional investors and hedge funds own 83.88% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have commented on LASR. Benchmark increased their price objective on shares of nLight from $15.00 to $25.00 and gave the stock a "speculative buy" rating in a report on Friday, August 8th. Needham & Company LLC upped their target price on shares of nLight from $32.00 to $39.00 and gave the stock a "buy" rating in a research report on Friday, November 7th. Zacks Research raised shares of nLight from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 15th. Wall Street Zen raised shares of nLight from a "hold" rating to a "buy" rating in a report on Saturday, November 8th. Finally, Stifel Nicolaus boosted their price objective on shares of nLight from $26.00 to $40.00 and gave the stock a "buy" rating in a research report on Friday, November 7th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $32.67.
Get Our Latest Stock Analysis on LASR
About nLight
(
Get Free Report)
nLIGHT, Inc designs, develops, manufactures, and sells semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. The company operates in two segments, Laser Products and Advanced Development. It offers semiconductor lasers with various ranges of power levels, wavelengths, and output fiber sizes; and programmable and serviceable fiber lasers for use in industrial and aerospace and defense applications.
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