Butterfly Network (BFLY) Expected to Announce Earnings on Friday

Butterfly Network (NYSE:BFLY - Get Free Report) is anticipated to announce its Q2 2025 earnings results before the market opens on Friday, August 1st. Analysts expect the company to announce earnings of ($0.07) per share and revenue of $23.91 million for the quarter. Butterfly Network has set its FY 2025 guidance at EPS.

Butterfly Network (NYSE:BFLY - Get Free Report) last released its earnings results on Friday, May 2nd. The company reported ($0.06) earnings per share for the quarter, topping analysts' consensus estimates of ($0.09) by $0.03. Butterfly Network had a negative return on equity of 29.97% and a negative net margin of 75.56%. The company had revenue of $21.23 million during the quarter, compared to the consensus estimate of $21.16 million. On average, analysts expect Butterfly Network to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Butterfly Network Trading Down 2.0%

BFLY stock traded down $0.04 during midday trading on Monday, hitting $1.93. The company had a trading volume of 2,586,473 shares, compared to its average volume of 3,411,664. Butterfly Network has a 52 week low of $0.90 and a 52 week high of $4.98. The stock's 50 day moving average price is $2.13 and its 200 day moving average price is $2.73. The stock has a market cap of $477.27 million, a price-to-earnings ratio of -6.66 and a beta of 2.46.

Insider Buying and Selling

In related news, EVP Heather C. Getz sold 65,456 shares of Butterfly Network stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $2.20, for a total transaction of $144,003.20. Following the sale, the executive vice president owned 2,919,274 shares of the company's stock, valued at approximately $6,422,402.80. This trade represents a 2.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 25.18% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Butterfly Network

A hedge fund recently bought a new stake in Butterfly Network stock. Invesco Ltd. acquired a new stake in shares of Butterfly Network, Inc. (NYSE:BFLY - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 37,076 shares of the company's stock, valued at approximately $85,000. Institutional investors own 37.85% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on BFLY. Lake Street Capital cut their target price on Butterfly Network from $5.00 to $4.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. Craig Hallum began coverage on Butterfly Network in a research note on Tuesday, July 1st. They issued a "buy" rating and a $3.00 target price on the stock.

About Butterfly Network

Butterfly Network, Inc develops, manufactures, and commercializes ultrasound imaging solutions in the United States and internationally. It offers Butterfly iQ, a handheld and single-probe whole body ultrasound system; Butterfly iQ+ and iQ3 ultrasound devices that can perform whole-body imaging in a single handheld probe integrated with the clinical workflow, and accessible on a user's smartphone, tablet, and almost any hospital computer system; and Butterfly iQ+ Vet, a handheld ultrasound system designed for veterinarians.