HC Wainwright Reaffirms Buy Rating for Terran Orbital (NYSE:LLAP)

HC Wainwright reiterated their buy rating on shares of Terran Orbital (NYSE:LLAP - Free Report) in a research report report published on Wednesday morning, Benzinga reports. HC Wainwright currently has a $3.00 price objective on the stock.

A number of other research firms also recently commented on LLAP. B. Riley cut their target price on shares of Terran Orbital from $1.35 to $1.00 and set a neutral rating for the company in a research report on Monday, March 4th. Stifel Nicolaus reaffirmed a buy rating and issued a $7.00 price objective on shares of Terran Orbital in a report on Wednesday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $4.07.

Terran Orbital Stock Performance

Shares of NYSE:LLAP traded up $0.07 during midday trading on Wednesday, reaching $0.97. 5,459,599 shares of the company's stock traded hands, compared to its average volume of 3,496,387. Terran Orbital has a one year low of $0.62 and a one year high of $1.84. The company has a market cap of $195.15 million, a price-to-earnings ratio of -1.05 and a beta of 2.24. The stock has a 50 day moving average of $1.25 and a 200 day moving average of $1.03.

Terran Orbital (NYSE:LLAP - Get Free Report) last posted its earnings results on Tuesday, May 14th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.09). The business had revenue of $27.24 million for the quarter, compared to analyst estimates of $41.67 million. During the same quarter in the prior year, the company earned ($0.31) EPS. Sell-side analysts predict that Terran Orbital will post -0.53 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of LLAP. Kovack Advisors Inc. increased its stake in shares of Terran Orbital by 7.7% in the 1st quarter. Kovack Advisors Inc. now owns 140,000 shares of the company's stock worth $183,000 after purchasing an additional 10,000 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Terran Orbital by 32.8% in the third quarter. Van ECK Associates Corp now owns 57,621 shares of the company's stock worth $48,000 after buying an additional 14,242 shares during the period. SG Americas Securities LLC lifted its position in shares of Terran Orbital by 37.3% during the 4th quarter. SG Americas Securities LLC now owns 57,145 shares of the company's stock valued at $65,000 after buying an additional 15,514 shares in the last quarter. Simplicity Wealth LLC purchased a new position in shares of Terran Orbital during the 1st quarter valued at about $34,000. Finally, Quadrature Capital Ltd bought a new position in shares of Terran Orbital during the 4th quarter valued at approximately $36,000. Hedge funds and other institutional investors own 85.03% of the company's stock.

Terran Orbital Company Profile

Terran Orbital Corporation manufactures and sells satellites for aerospace and defense industries in the United States and internationally. The company offers end-to-end satellite solutions. It engages in the integrated design, manufacture, and assembly of satellites; and management, operation, and provision of information from satellites that are on-orbit on behalf of its customers from its in-house mission operations centers and integrated international ground communications network using its proprietary software both on the satellite and throughout its ground infrastructure.