B.Riley Financial analyst Neil Chatterji maintained a Buy rating on Butterfly Network (BFLY – Research Report) today and set a price target of $7.50. The company’s shares closed today at $2.46.
Chatterji covers the Healthcare sector, focusing on stocks such as Viewray, PROCEPT BioRobotics, and Accuray. According to TipRanks, Chatterji has an average return of 4.7% and a 53.85% success rate on recommended stocks.
Currently, the analyst consensus on Butterfly Network is a Moderate Buy with an average price target of $7.50.
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Based on Butterfly Network’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $19.62 million and a GAAP net loss of $54.74 million. In comparison, last year the company earned a revenue of $14.62 million and had a GAAP net loss of $13.56 million
Based on the recent corporate insider activity of 39 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 BFLY in relation to earlier this year.
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