Butterfly Network (NYSE:BFLY) Trading Up 9.5% - Here's Why

Key Points

• Butterfly Network stock was trading up 9.5% (around $5.25) after a Q1 revenue beat (~$26.5M) and the company reaffirmed FY‑2026 revenue guidance of $117M–$121M with Q2 revenue guidance of $27M–$31M.
• Despite the revenue beat, the company missed on EPS (reported ($0.05) vs. ($0.04) expected) and remains unprofitable with a negative net margin (~78.95%) and negative ROE (33.13%), which prompted some selling even as call option activity picked up.
• Analyst coverage is mixed — consensus rating is "Hold" with a $5.56 average price target — while institutional ownership is about 37.85% and several firms have recently increased or initiated positions.

Butterfly Network, Inc. (NYSE:BFLY - Get Free Report)'s stock price was up 9.5% during mid-day trading on Friday . The company traded as high as $5.18 and last traded at $5.2450. Approximately 3,531,306 shares traded hands during trading, a decline of 39% from the average daily volume of 5,830,707 shares. The stock had previously closed at $4.79.

Trending Headlines about Butterfly Network

Here are the key news stories impacting Butterfly Network this week:

• Positive Sentiment: Company reaffirmed FY‑2026 revenue guidance of $117M–$121M and gave Q2 revenue guidance of $27M–$31M (near consensus), signaling management confidence in the recovery and growth cadence. Article Title
• Positive Sentiment: Q1 revenue beat estimates: reported revenue ~$26.5M vs. consensus ~$26.1M, and the GAAP loss per share narrowed year‑over‑year (Zacks noted a $0.03 loss vs. a $0.04 expected loss), which supports the upside narrative. Article Title
• Positive Sentiment: Unusually large options activity with a notable uptick in call purchases (3,652 calls), indicating some traders are positioning for further upside or event‑driven moves. (Internal trading summary)
• Neutral Sentiment: Earnings call transcript provides color on product adoption, cloud/AI strategy and go‑to‑market execution — useful for judging whether management cadence can sustain guidance. Article Title
• Negative Sentiment: MarketBeat/BusinessWire report an EPS miss versus some consensus measures (reported ($0.05) vs. consensus ($0.04)), and the company remains unprofitable with a wide negative net margin and negative ROE — risks for investors focused on near‑term profitability. Article Title
• Negative Sentiment: Some investors sold into the print: coverage notes the stock fell initially despite the revenue beat, indicating sensitivity to the EPS miss and ongoing losses (MSN coverage). Article Title

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on BFLY shares. Zacks Research raised Butterfly Network from a "strong sell" rating to a "hold" rating in a research report on Friday, March 27th. Craig Hallum reissued a "buy" rating and set a $5.25 price target on shares of Butterfly Network in a research report on Wednesday, January 21st. Loop Capital set a $5.50 price target on Butterfly Network in a research report on Monday, March 2nd. Lake Street Capital increased their price target on Butterfly Network from $4.00 to $5.50 and gave the stock a "buy" rating in a research report on Tuesday, January 20th. Finally, TD Cowen increased their price target on Butterfly Network from $4.50 to $6.00 and gave the stock a "buy" rating in a research report on Friday, February 27th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $5.56.

Butterfly Network Stock Performance

The stock has a fifty day simple moving average of $4.22 and a two-hundred day simple moving average of $3.56. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of -17.40 and a beta of 2.21.

Butterfly Network (NYSE:BFLY - Get Free Report) last issued its earnings results on Thursday, April 30th. The company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.01). The business had revenue of $26.53 million during the quarter, compared to analyst estimates of $26.08 million. Butterfly Network had a negative net margin of 78.95% and a negative return on equity of 33.13%. Equities analysts expect that Butterfly Network, Inc. will post -0.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Butterfly Network

Several hedge funds have recently modified their holdings of BFLY. Invesco Ltd. acquired a new stake in shares of Butterfly Network during the 1st quarter valued at $85,000. Goldman Sachs Group Inc. boosted its holdings in shares of Butterfly Network by 4.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 756,426 shares of the company's stock valued at $1,725,000 after acquiring an additional 29,958 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Butterfly Network by 9,055.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 92,017 shares of the company's stock valued at $184,000 after acquiring an additional 91,012 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Butterfly Network by 136.5% during the 2nd quarter. Legal & General Group Plc now owns 206,985 shares of the company's stock valued at $414,000 after acquiring an additional 119,455 shares in the last quarter. Finally, Rhumbline Advisers acquired a new stake in shares of Butterfly Network during the 2nd quarter valued at $475,000. Institutional investors and hedge funds own 37.85% of the company's stock.

About Butterfly Network

Butterfly Network, Inc is a medical technology company focused on democratizing access to diagnostic imaging through its proprietary ultrasound-on-chip platform. The company's flagship device, the Butterfly iQ, leverages semiconductor technology to deliver whole-body ultrasound imaging in a handheld form factor. This portable system connects to a compatible smart device, enabling point-of-care scanning across a variety of clinical settings.

Beyond its hardware offering, Butterfly Network provides a cloud-based software suite that supports image storage, analysis and remote collaboration.

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