Virgin Galactic (NYSE:SPCE - Get Free Report) had its target price cut by The Goldman Sachs Group from $41.00 to $36.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a "neutral" rating on the stock.
Virgin Galactic Trading Down 3.9 %
NYSE SPCE traded down $0.14 during trading hours on Monday, hitting $3.36. 1,219,044 shares of the company were exchanged, compared to its average volume of 1,798,821. Virgin Galactic has a 52 week low of $3.27 and a 52 week high of $36.60. The company has a quick ratio of 4.52, a current ratio of 4.52 and a debt-to-equity ratio of 1.15. The stock has a 50-day moving average price of $4.92 and a 200 day moving average price of $6.02. The stock has a market cap of $96.88 million, a PE ratio of -0.19 and a beta of 2.16.
Institutional Trading of Virgin Galactic
Several hedge funds and other institutional investors have recently bought and sold shares of SPCE. Geode Capital Management LLC increased its position in Virgin Galactic by 21.0% during the third quarter. Geode Capital Management LLC now owns 508,088 shares of the company's stock valued at $3,101,000 after acquiring an additional 88,102 shares during the last quarter. Franklin Resources Inc. bought a new position in Virgin Galactic during the 3rd quarter valued at about $80,000. FMR LLC raised its position in Virgin Galactic by 29.7% in the 3rd quarter. FMR LLC now owns 24,749 shares of the company's stock worth $151,000 after purchasing an additional 5,669 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Virgin Galactic by 29.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 187,368 shares of the company's stock worth $1,143,000 after purchasing an additional 42,883 shares during the last quarter. Finally, Zacks Investment Management boosted its position in shares of Virgin Galactic by 40.3% during the third quarter. Zacks Investment Management now owns 35,439 shares of the company's stock valued at $216,000 after buying an additional 10,172 shares during the period. Hedge funds and other institutional investors own 46.62% of the company's stock.
Virgin Galactic Company Profile
(
Get Free Report)
Virgin Galactic Holdings, Inc, an aerospace and space travel company, focuses on the development, manufacture, and operation of spaceships and related technologies. The company engages in the design and development, manufacturing, ground and flight testing, spaceflight operation, and post-flight maintenance of spaceflight systems for private individuals, researchers, and government agencies.
See Also
Before you consider Virgin Galactic, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Virgin Galactic wasn't on the list.
While Virgin Galactic currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Explore Elon Musk’s boldest ventures yet—from AI and autonomy to space colonization—and find out how investors can ride the next wave of innovation.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
