LADENBURG THALM/SH SH Predicts Significant Growth for LightPath Technologies (NASDAQ:LPTH) Stock

On January 3rd, 2025, analysts at LADENBURG THALM/SH SH raised their price target for LightPath Technologies (NASDAQ:LPTH) from $3.00 to $5.00 in a recent research report. This adjustment comes as the brokerage continues to maintain a buy rating on the stock for this optical component manufacturer.

Other analysts have also weighed in on LightPath Technologies recently. StockNews.com downgraded their stance on the company from a “hold” to a “sell” rating as of December 25th. Conversely, HC Wainwright reaffirmed a “buy” rating with a price target of $3.00 on September 20th. Additionally, Lake Street Capital upgraded their price target for LightPath Technologies, raising it from $3.00 to $4.00 while also issuing a “buy” rating on December 27th.

LightPath Technologies Shows Positive Trading Trend

LightPath Technologies’ shares opened at $3.79 on Thursday, reflecting a 7.4% increase in trading. The company boasts a market capitalization of $150.33 million and has a P/E ratio of -17.23. With a beta of 1.32, it signifies volatility in comparison to the overall market. The stock’s 50-day moving average stands at $2.07, and the 200-day moving average is at $1.60. LightPath Technologies has a current ratio of 1.73 and a quick ratio of 1.03, indicating adequate liquidity. It also has a low debt-to-equity ratio of 0.03. Over the past 12 months, shares have fluctuated between a low of $1.04 and a high of $4.09.

Institutional Investor Activity

In recent months, several institutional investors have modified their stakes in LightPath Technologies. AIGH Capital Management LLC increased its shares by 5.7% in the second quarter, totaling 3,723,932 shares valued at approximately $4.69 million. B. Riley Wealth Advisors Inc. boosted its holdings significantly by 104.7% during the same quarter, acquiring an additional 67,429 shares, bringing their total to 131,824 shares valued at about $166,000. Murphy Pohlad Asset Management LLC also raised its stake by 22.3% in the third quarter, now holding 69,100 shares worth $95,000. Currently, 56.29% of LightPath Technologies stock is owned by institutional investors and hedge funds.

About LightPath Technologies

LightPath Technologies, Inc. specializes in designing, developing, manufacturing, and distributing optical components and assemblies. The company produces precision molded glass aspheric optics, infrared aspheric lenses, and a variety of optical components aimed at manipulating light, along with custom and catalog infrared optics.

LightPath, Technologies, Stock