Key Points
- nLight Director Geoffrey Moore sold 4,452 shares at an average price of $38.45, totaling $171,179.40. The transaction, made under a pre-arranged Rule 10b5-1 plan, reduced his ownership by 4.94% to 85,717 shares.
- nLight reported quarterly revenue of $82.59 million and EPS of $0.15, both ahead of analyst expectations, while revenue increased 33.8% year over year. However, the company remains unprofitable, with analysts forecasting a full-year loss of $0.19 per share.
- Institutional investors own 83.88% of nLight, and Wall Street maintains a “Moderate Buy” consensus with an average price target of $87.94, despite the stock opening at $38.43 and trading well below its 52-week high of $86.95.
nLight (NASDAQ:LASR - Get Free Report) Director Geoffrey Moore sold 4,452 shares of the firm's stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $38.45, for a total transaction of $171,179.40. Following the transaction, the director directly owned 85,717 shares in the company, valued at approximately $3,295,818.65. This trade represents a 4.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
nLight Stock Performance
Shares of NASDAQ LASR opened at $38.43 on Friday. nLight has a 52-week low of $27.79 and a 52-week high of $86.95. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of -153.72 and a beta of 2.30. The stock has a 50 day moving average price of $54.68 and a 200 day moving average price of $63.43.
nLight (NASDAQ:LASR - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.14 by $0.01. The company had revenue of $82.59 million for the quarter, compared to the consensus estimate of $78.58 million. nLight had a negative return on equity of 2.83% and a negative net margin of 4.02%.nLight's quarterly revenue was up 33.8% on a year-over-year basis. During the same period last year, the business posted $0.06 EPS. Analysts forecast that nLight will post -0.19 earnings per share for the current year.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the stock. Lisanti Capital Growth LLC boosted its position in nLight by 23.0% during the fourth quarter. Lisanti Capital Growth LLC now owns 103,978 shares of the company's stock valued at $3,900,000 after purchasing an additional 19,435 shares in the last quarter. Amundi bought a new position in nLight in the first quarter worth about $1,023,000. Rice Hall James & Associates LLC purchased a new stake in shares of nLight during the second quarter valued at about $3,740,000. Lazard Asset Management LLC purchased a new stake in shares of nLight during the first quarter valued at about $1,847,000. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of nLight by 263.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 50,096 shares of the company's stock valued at $3,488,000 after buying an additional 36,329 shares in the last quarter. 83.88% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on LASR shares. Needham & Company LLC lifted their price objective on nLight from $80.00 to $90.00 and gave the company a "buy" rating in a report on Thursday, July 9th. UBS Group set a $90.00 target price on shares of nLight in a report on Friday, July 10th. Weiss Ratings reissued a "sell (d-)" rating on shares of nLight in a research report on Friday, July 17th. Craig Hallum boosted their price target on shares of nLight from $80.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, July 9th. Finally, Stifel Nicolaus upped their price target on shares of nLight from $75.00 to $85.00 and gave the stock a "buy" rating in a research report on Thursday, May 21st. 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 assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $87.94.
Get Our Latest Report on LASR
nLight Company Profile
(
Get Free Report)
nLight, Inc is a photonics company that develops and manufactures high-power semiconductor and fiber lasers, as well as related components and laser systems. Its products are designed for applications that require precise, high-intensity light and are used across industrial, microfabrication, aerospace and defense markets.
The company's product portfolio includes semiconductor laser diodes, fiber lasers, and advanced laser systems. nLight also develops components and technologies intended to improve laser performance, reliability, beam quality and control.
Further Reading
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