nLIGHT, Inc. (NASDAQ:LASR) Shares Purchased by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC boosted its holdings in shares of nLIGHT, Inc. (NASDAQ:LASR) by 20.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 946,849 shares of the company’s stock after buying an additional 162,903 shares during the quarter. Stephens Investment Management Group LLC owned 1.96% of nLIGHT worth $9,932,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LASR. Harvey Partners LLC boosted its holdings in nLIGHT by 56.5% in the third quarter. Harvey Partners LLC now owns 1,735,000 shares of the company’s stock valued at $18,547,000 after purchasing an additional 626,500 shares during the period. Royce & Associates LP raised its position in nLIGHT by 9.1% in the 3rd quarter. Royce & Associates LP now owns 2,733,476 shares of the company’s stock valued at $29,221,000 after purchasing an additional 227,580 shares in the last quarter. Needham Investment Management LLC boosted its stake in shares of nLIGHT by 7.1% in the 3rd quarter. Needham Investment Management LLC now owns 2,337,740 shares of the company’s stock valued at $24,990,000 after buying an additional 155,000 shares during the period. Fisher Asset Management LLC acquired a new position in shares of nLIGHT during the third quarter worth about $1,342,000. Finally, Jane Street Group LLC increased its stake in shares of nLIGHT by 98.2% during the third quarter. Jane Street Group LLC now owns 138,646 shares of the company’s stock worth $1,482,000 after buying an additional 68,682 shares during the period. Hedge funds and other institutional investors own 83.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on LASR shares. Needham & Company LLC decreased their price target on shares of nLIGHT from $16.00 to $14.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Stifel Nicolaus decreased their price objective on shares of nLIGHT from $17.00 to $14.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th.

nLIGHT Stock Down 3.7 %

LASR stock opened at $10.83 on Monday. The business has a 50 day moving average price of $10.90 and a 200 day moving average price of $11.12. The stock has a market cap of $524.50 million, a price-to-earnings ratio of -10.51 and a beta of 2.18. nLIGHT, Inc. has a fifty-two week low of $9.15 and a fifty-two week high of $14.75.

nLIGHT (NASDAQ:LASR) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.13). The company had revenue of $56.13 million for the quarter, compared to analysts’ expectations of $55.71 million. nLIGHT had a negative return on equity of 19.53% and a negative net margin of 24.16%. During the same quarter in the prior year, the firm posted ($0.24) EPS. As a group, sell-side analysts anticipate that nLIGHT, Inc. will post -1.1 EPS for the current year.

Insider Buying and Selling

In other nLIGHT news, CEO Scott H. Keeney sold 12,013 shares of the business’s stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $9.96, for a total value of $119,649.48. Following the completion of the sale, the chief executive officer now owns 1,340,146 shares in the company, valued at approximately $13,347,854.16. The trade was a 0.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Joseph John Corso sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $10.92, for a total transaction of $27,300.00. Following the transaction, the chief financial officer now owns 155,129 shares in the company, valued at approximately $1,694,008.68. This trade represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 46,019 shares of company stock worth $486,615 in the last ninety days. 6.10% of the stock is owned by corporate insiders.

nLIGHT Company Profile

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.