The KEYW Holding Corporation (KEYW) Shares Down 5.2%
The KEYW Holding Corporation (NASDAQ:KEYW)’s share price fell 5.2% during mid-day trading on Friday . The company traded as low as $6.91 and last traded at $6.91. 3,350,302 shares traded hands during trading, an increase of 1,034% from the average session volume of 295,478 shares. The stock had previously closed at $7.29.
A number of research firms have recently issued reports on KEYW. Noble Financial reissued a “hold” rating on shares of The KEYW Holding Corporation in a research report on Friday, August 11th. Maxim Group set a $13.00 price target on The KEYW Holding Corporation and gave the stock a “buy” rating in a research report on Thursday, August 10th. BidaskClub downgraded The KEYW Holding Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 17th. Zacks Investment Research raised The KEYW Holding Corporation from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Finally, Drexel Hamilton raised The KEYW Holding Corporation from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research report on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $11.75.
The stock has a 50-day moving average price of $7.79 and a 200-day moving average price of $8.87. The stock’s market cap is $338.81 million.
The KEYW Holding Corporation (NASDAQ:KEYW) last issued its quarterly earnings data on Wednesday, August 9th. The software maker reported ($0.02) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.02. The KEYW Holding Corporation had a negative return on equity of 1.61% and a negative net margin of 6.39%. The business had revenue of $124.10 million during the quarter, compared to analysts’ expectations of $120.06 million. During the same period in the previous year, the firm posted ($0.01) earnings per share. The company’s revenue was up 69.3% on a year-over-year basis. On average, analysts forecast that The KEYW Holding Corporation will post ($0.27) earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Concourse Capital Management LLC acquired a new stake in shares of The KEYW Holding Corporation in the second quarter valued at $109,000. Greenwood Capital Associates LLC grew its stake in shares of The KEYW Holding Corporation by 1.8% in the second quarter. Greenwood Capital Associates LLC now owns 12,260 shares of the software maker’s stock valued at $115,000 after buying an additional 214 shares in the last quarter. Paloma Partners Management Co acquired a new stake in shares of The KEYW Holding Corporation in the first quarter valued at $132,000. Zacks Investment Management acquired a new stake in shares of The KEYW Holding Corporation in the second quarter valued at $138,000. Finally, US Bancorp DE grew its stake in shares of The KEYW Holding Corporation by 183.3% in the first quarter. US Bancorp DE now owns 14,868 shares of the software maker’s stock valued at $140,000 after buying an additional 9,620 shares in the last quarter. 96.71% of the stock is owned by institutional investors and hedge funds.
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About The KEYW Holding Corporation
The KeyW Holding Corporation is a holding company. The Company is a provider of engineering and technology solutions to support the collection, processing, analysis and dissemination of information across the full spectrum of the Intelligence, cyber and counterterrorism communities missions. It operates through Government Solutions segment.
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