Redwire (NYSE:RDW) Stock Rating Lowered by Wall Street Zen

Redwire (NYSE:RDW - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Saturday.

Other research analysts have also issued research reports about the company. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $28.00 price target on shares of Redwire in a research report on Tuesday, March 11th. Alliance Global Partners reissued a "buy" rating on shares of Redwire in a report on Monday, May 12th. HC Wainwright reissued a "buy" rating and set a $26.00 target price on shares of Redwire in a report on Wednesday, March 12th. Finally, B. Riley decreased their target price on Redwire from $27.00 to $25.00 and set a "neutral" rating on the stock in a report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Redwire presently has an average rating of "Moderate Buy" and an average price target of $20.05.

Redwire Stock Down 1.3%

NYSE:RDW opened at $19.08 on Friday. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of -15.77 and a beta of 2.53. Redwire has a twelve month low of $4.87 and a twelve month high of $26.66. The stock's 50 day moving average price is $12.42 and its two-hundred day moving average price is $14.39.

Redwire (NYSE:RDW - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported ($0.20) earnings per share for the quarter, hitting the consensus estimate of ($0.20). The company had revenue of $61.40 million for the quarter, compared to analyst estimates of $74.54 million. As a group, analysts anticipate that Redwire will post -0.85 earnings per share for the current year.

Institutional Trading of Redwire

Several institutional investors have recently added to or reduced their stakes in RDW. Federated Hermes Inc. boosted its stake in Redwire by 165.7% in the 4th quarter. Federated Hermes Inc. now owns 498,275 shares of the company's stock valued at $8,202,000 after purchasing an additional 310,769 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in Redwire in the 4th quarter valued at $4,830,000. EAM Global Investors LLC bought a new stake in Redwire in the 4th quarter valued at $4,689,000. Goldman Sachs Group Inc. boosted its stake in Redwire by 352.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 355,265 shares of the company's stock valued at $2,945,000 after purchasing an additional 276,814 shares during the period. Finally, Andar Capital Management HK Ltd bought a new stake in Redwire in the 4th quarter valued at $3,621,000. 8.10% of the stock is currently owned by institutional investors.

About Redwire

Redwire Corporation provides critical space solutions and space infrastructure for government and commercial customers in the United States, Europe, and internationally. The company provides avionics and sensors including star trackers, sun sensors, critical for navigation, and control of spacecraft; camera systems; solar array solutions for spacecraft spanning the spectrum of size, power needs, and orbital location; and strain composite booms, coilable booms, truss structures, telescope baffles, and deployable booms to position sensors or solar arrays away from the spacecraft.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.