Terran Orbital Co. (NYSE:LLAP – Get Rating) has received a consensus recommendation of "Buy" from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $11.00.
Several equities analysts recently issued reports on the company. Canaccord Genuity Group decreased their price target on Terran Orbital from $17.00 to $14.00 and set a "buy" rating on the stock in a report on Tuesday, November 1st. Canaccord Genuity Group raised their price target on Terran Orbital from $14.00 to $15.00 in a report on Thursday, November 10th.
Get Terran Orbital alerts:Terran Orbital Trading Up 3.3 %
Terran Orbital stock opened at $1.87 on Friday. The business's 50-day simple moving average is $1.87 and its 200 day simple moving average is $2.94. Terran Orbital has a 12-month low of $1.29 and a 12-month high of $12.69.
Terran Orbital (NYSE:LLAP – Get Rating) last posted its quarterly earnings results on Wednesday, November 9th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.02. The firm had revenue of $27.83 million during the quarter, compared to the consensus estimate of $27.20 million. Equities research analysts forecast that Terran Orbital will post -0.97 EPS for the current fiscal year.Insider Buying and Selling at Terran Orbital
In other Terran Orbital news, major shareholder Beach Point Capital Management sold 65,230 shares of the stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $3.09, for a total value of $201,560.70. Following the transaction, the insider now owns 1,061,010 shares of the company's stock, valued at $3,278,520.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders have sold 392,899 shares of company stock valued at $929,338. 30.90% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Terran Orbital
A number of hedge funds have recently modified their holdings of LLAP. Penserra Capital Management LLC bought a new position in shares of Terran Orbital during the first quarter worth about $29,000. Strs Ohio bought a new position in shares of Terran Orbital during the second quarter worth about $25,000. Lincoln National Corp bought a new position in shares of Terran Orbital during the second quarter worth about $46,000. Bank of America Corp DE bought a new position in shares of Terran Orbital during the first quarter worth about $69,000. Finally, American International Group Inc. bought a new position in shares of Terran Orbital during the second quarter worth about $51,000. Institutional investors and hedge funds own 76.83% of the company's stock.
Terran Orbital Company Profile
(Get Rating)
Terran Orbital Corporation manufactures, owns, and operates satellites and related space-based solutions that provide earth observation, data and analytics to defense, intelligence, civil, and commercial end users in the United States. The company operates through two segments, Satellite Solutions and Earth Observation Solutions.
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