Lake Street Sticks to Its Buy Rating for BK Technologies (BKTI)

In a report released today, Jaeson Schmidt from Lake Street maintained a Buy rating on BK Technologies, with a price target of $83.00. The company’s shares closed yesterday at $79.54.

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Schmidt covers the Technology sector, focusing on stocks such as Aviat Networks, Kopin, and Lantronix. According to TipRanks, Schmidt has an average return of 26.7% and a 51.53% success rate on recommended stocks.

BK Technologies has an analyst consensus of Moderate Buy, with a price target consensus of $78.50.

Based on BK Technologies’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $21.17 million and a net profit of $3.74 million. In comparison, last year the company earned a revenue of $20.25 million and had a net profit of $1.66 million

Based on the recent corporate insider activity of 13 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BKTI in relation to earlier this year. Last month, Avanic Branko, the CTO of BKTI sold 4,031.00 shares for a total of $276,716.42.