Stifel Nicolaus reissued their buy rating on shares of Terran Orbital (NYSE:LLAP - Free Report) in a report issued on Tuesday, Benzinga reports. The firm currently has a $7.00 price target on the stock.
Several other brokerages also recently commented on LLAP. HC Wainwright reiterated a buy rating and set a $3.00 price target on shares of Terran Orbital in a report on Monday, March 4th. B. Riley cut their price target on shares of Terran Orbital from $1.35 to $1.00 and set a neutral rating on the stock in a report on Monday, March 4th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of Hold and an average target price of $4.07.
Check Out Our Latest Stock Analysis on Terran Orbital
Terran Orbital Stock Up 10.7 %
NYSE:LLAP traded up $0.12 during mid-day trading on Tuesday, hitting $1.19. 4,025,932 shares of the stock traded hands, compared to its average volume of 3,675,005. The stock has a market capitalization of $230.44 million, a price-to-earnings ratio of -1.26 and a beta of 2.27. Terran Orbital has a 52 week low of $0.62 and a 52 week high of $2.04. The firm's 50 day moving average is $0.99 and its two-hundred day moving average is $0.94.
Hedge Funds Weigh In On Terran Orbital
A number of hedge funds have recently added to or reduced their stakes in the stock. Armistice Capital LLC boosted its stake in shares of Terran Orbital by 13.3% during the third quarter. Armistice Capital LLC now owns 17,364,285 shares of the company's stock valued at $14,454,000 after purchasing an additional 2,039,285 shares in the last quarter. Capstone Capital Wealth Advisors bought a new position in shares of Terran Orbital during the fourth quarter valued at approximately $6,677,000. BlackRock Inc. boosted its stake in shares of Terran Orbital by 94.3% during the second quarter. BlackRock Inc. now owns 5,539,261 shares of the company's stock valued at $8,309,000 after purchasing an additional 2,688,569 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Terran Orbital by 15.6% during the fourth quarter. Vanguard Group Inc. now owns 4,461,224 shares of the company's stock valued at $5,086,000 after purchasing an additional 600,447 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Terran Orbital by 83.9% during the first quarter. Bank of America Corp DE now owns 1,709,756 shares of the company's stock valued at $3,146,000 after purchasing an additional 780,249 shares in the last quarter. 85.03% of the stock is currently owned by institutional investors.
Terran Orbital Company Profile
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Terran Orbital Corporation manufactures and sells satellites for aerospace and defense industry in the United States. It operates through two segments, Satellite Solutions and Earth Observation Solutions. The Satellite Solutions segment offers end-to-end satellite solutions, including spacecraft design, development, launch services, and on-orbit operations for critical missions across a range of applications in various orbits to governmental agencies and commercial businesses.
Further Reading
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