Research Analysts’ Recent Ratings Updates for Nlight (LASR)

Nlight (NASDAQ: LASR) recently received a number of ratings updates from brokerages and research firms:

  • 8/6/2019 – Nlight had its price target lowered by analysts at Craig Hallum from $23.00 to $16.00. They now have an “in-line” rating on the stock.
  • 8/6/2019 – Nlight had its price target lowered by analysts at Canaccord Genuity from $28.00 to $18.00. They now have an “in-line” rating on the stock.
  • 8/6/2019 – Nlight had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $20.00 price target on the stock.
  • 8/6/2019 – Nlight had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $19.00 price target on the stock, down previously from $21.00.
  • 8/3/2019 – Nlight was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “nLIGHT Inc. provides high-power semiconductor and fiber laser. It sells its products primarily in industrial, microfabrication, aerospace and defense markets. nLIGHT Inc. is based in Vancouver, Washington. “
  • 8/1/2019 – Nlight was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 7/17/2019 – Nlight had its price target lowered by analysts at Needham & Company LLC to $21.00. They now have a “buy” rating on the stock.

LASR traded up $0.48 during midday trading on Tuesday, hitting $14.93. The company had a trading volume of 4,219 shares, compared to its average volume of 540,432. Nlight Inc has a 52 week low of $13.56 and a 52 week high of $35.73. The stock has a market cap of $550.24 million, a P/E ratio of 46.66 and a beta of 2.00. The stock’s 50 day simple moving average is $16.70.

Nlight (NASDAQ:LASR) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). Nlight had a net margin of 2.66% and a return on equity of 2.28%. The company had revenue of $48.05 million during the quarter, compared to the consensus estimate of $47.79 million. During the same period last year, the firm posted $0.14 earnings per share. The company’s revenue for the quarter was down 7.1% on a year-over-year basis. As a group, analysts predict that Nlight Inc will post -0.13 earnings per share for the current fiscal year.

In other Nlight news, insider Scott H. Keeney sold 4,935 shares of Nlight stock in a transaction on Friday, May 17th. The shares were sold at an average price of $23.11, for a total value of $114,047.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Ran Bareket sold 5,000 shares of Nlight stock in a transaction on Monday, July 1st. The shares were sold at an average price of $20.00, for a total transaction of $100,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,370 shares of company stock valued at $262,937. Insiders own 5.80% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. increased its stake in Nlight by 13.3% in the second quarter. JPMorgan Chase & Co. now owns 2,296,198 shares of the company’s stock valued at $42,411,000 after purchasing an additional 270,030 shares in the last quarter. Clearbridge Investments LLC boosted its stake in Nlight by 6.2% in the first quarter. Clearbridge Investments LLC now owns 2,046,741 shares of the company’s stock valued at $45,601,000 after acquiring an additional 118,714 shares during the last quarter. Royce & Associates LP boosted its stake in Nlight by 39.1% in the first quarter. Royce & Associates LP now owns 1,992,080 shares of the company’s stock valued at $44,384,000 after acquiring an additional 559,459 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in Nlight by 12.4% in the second quarter. Canada Pension Plan Investment Board now owns 1,800,362 shares of the company’s stock valued at $34,567,000 after acquiring an additional 199,000 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its stake in Nlight by 15.2% in the first quarter. Neuberger Berman Group LLC now owns 1,514,518 shares of the company’s stock valued at $33,743,000 after acquiring an additional 199,275 shares during the last quarter. 78.78% of the stock is owned by hedge funds and other institutional investors.

nLIGHT, Inc designs, develops, and manufactures semiconductor and fiber lasers used in the industrial, microfabrication, and aerospace and defense markets. The company also produces optical fiber products. It markets and sells its products to original equipment manufacturer primarily through direct sales force in the United States, China, South Korea, Germany, and Finland, as well as through various independent sales representatives and distributors in Asia and Europe.

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