LightPath Technologies, Inc. (NASDAQ:LPTH) – Equities researchers at B. Riley issued their Q2 2022 earnings estimates for shares of LightPath Technologies in a report issued on Friday, September 10th. B. Riley analyst D. Kang anticipates that the technology company will post earnings per share of ($0.01) for the quarter. B. Riley has a “Buy” rating and a $3.10 price target on the stock. B. Riley also issued estimates for LightPath Technologies’ Q3 2022 earnings at $0.00 EPS and FY2022 earnings at ($0.01) EPS.
Several other brokerages have also recently issued reports on LPTH. HC Wainwright reduced their price objective on LightPath Technologies from $5.50 to $3.50 and set a “buy” rating on the stock in a research note on Monday, August 9th. TheStreet cut LightPath Technologies from a “c” rating to a “d+” rating in a research note on Monday, August 9th. One analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $3.53.
LightPath Technologies (NASDAQ:LPTH) last posted its quarterly earnings results on Wednesday, September 8th. The technology company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.09). LightPath Technologies had a negative net margin of 8.28% and a negative return on equity of 8.23%. During the same period in the previous year, the business earned $0.02 earnings per share.
Institutional investors and hedge funds have recently modified their holdings of the business. GSA Capital Partners LLP purchased a new stake in LightPath Technologies during the 2nd quarter worth $43,000. Occudo Quantitative Strategies LP raised its stake in shares of LightPath Technologies by 42.7% in the 1st quarter. Occudo Quantitative Strategies LP now owns 14,663 shares of the technology company’s stock valued at $45,000 after purchasing an additional 4,386 shares in the last quarter. State Street Corp acquired a new stake in LightPath Technologies during the second quarter worth about $105,000. Citadel Advisors LLC acquired a new stake in LightPath Technologies during the second quarter worth about $149,000. Finally, Millennium Management LLC acquired a new stake in LightPath Technologies during the first quarter worth about $219,000. Institutional investors own 22.24% of the company’s stock.
About LightPath Technologies
LightPath Technologies, Inc designs, develops, manufactures, and distributes optical and infrared components. Its products include molded glass and assemblies; infrared molded lenses, diamond turned, conventional ground and polished ground lenses and assemblies; and collimator assemblies, which are used in applications involving light detection and ranging technology.
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