Key Points
- CEO Scott Keeney sold 19,096 shares on March 9 at an average of $58.80 for $1,122,844.80, trimming his position by 0.86% but still holding 2,210,029 shares (≈$129.95M).
- nLight beat the last quarter's estimates with $0.14 EPS (vs. $0.11 est.) and revenue of $81.19M (up 71.3% YoY), yet remains unprofitable with a negative net margin (-8.98%) and analysts forecast -1.1 EPS for the current fiscal year.
- Shares traded near $64.62 with a $3.6B market cap and a 1‑year range of $6.20–$69.52; analyst sentiment is mixed-to-positive (consensus "Moderate Buy", average price target $58.31) with some targets as high as $95.
nLight (NASDAQ:LASR - Get Free Report) CEO Scott Keeney sold 19,096 shares of nLight stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $58.80, for a total transaction of $1,122,844.80. Following the completion of the sale, the chief executive officer directly owned 2,210,029 shares in the company, valued at approximately $129,949,705.20. The trade was a 0.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
nLight Price Performance
nLight stock traded down $1.87 during mid-day trading on Thursday, reaching $64.62. The company had a trading volume of 100,186 shares, compared to its average volume of 1,561,608. The stock's 50-day simple moving average is $50.33 and its 200-day simple moving average is $38.61. The company has a market capitalization of $3.60 billion, a P/E ratio of -135.17 and a beta of 2.27. nLight has a 1 year low of $6.20 and a 1 year high of $69.52.
nLight (NASDAQ:LASR - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.03. The business had revenue of $81.19 million for the quarter, compared to analyst estimates of $76.71 million. nLight had a negative return on equity of 9.28% and a negative net margin of 8.98%.The business's revenue for the quarter was up 71.3% compared to the same quarter last year. During the same quarter last year, the company earned ($0.30) earnings per share. On average, equities analysts forecast that nLight will post -1.1 EPS for the current fiscal year.
Hedge Funds Weigh In On nLight
Hedge funds and other institutional investors have recently bought and sold shares of the company. Osaic Holdings Inc. raised its holdings in nLight by 1,599.1% during the 2nd quarter. Osaic Holdings Inc. now owns 1,835 shares of the company's stock valued at $36,000 after acquiring an additional 1,727 shares during the period. Sunbelt Securities Inc. boosted its stake in nLight by 7,142.9% during the 4th quarter. Sunbelt Securities Inc. now owns 1,014 shares of the company's stock valued at $38,000 after purchasing an additional 1,000 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of nLight by 155.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,062 shares of the company's stock valued at $40,000 after acquiring an additional 647 shares during the period. Financial Consulate Inc. bought a new stake in shares of nLight in the fourth quarter worth about $41,000. Finally, Wexford Capital LP bought a new stake in nLight in the third quarter worth about $41,000. Institutional investors and hedge funds own 83.88% of the company's stock.
Analyst Upgrades and Downgrades
LASR has been the topic of several recent research reports. Raymond James Financial restated a "strong-buy" rating and issued a $75.00 price target on shares of nLight in a research report on Friday, February 27th. Stifel Nicolaus initiated coverage on nLight in a research report on Tuesday, January 20th. They set a "buy" rating and a $60.00 target price for the company. Robert W. Baird began coverage on shares of nLight in a research report on Wednesday, March 4th. They issued an "outperform" rating and a $95.00 price target on the stock. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of nLight in a report on Thursday, January 22nd. Finally, Cantor Fitzgerald lifted their price target on shares of nLight from $40.00 to $62.50 and gave the company an "overweight" rating in a report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $58.31.
Read Our Latest Research Report on LASR
nLight Company Profile
(
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. The company also provides laser sensors, including light detection and ranging technologies for intelligence, surveillance, and reconnaissance applications; and fiber amplifiers, beam combination, and control systems for use in high-energy laser systems in directed energy applications.
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