Terran Orbital (NYSE:LLAP) PT Lowered to $0.50

Terran Orbital (NYSE:LLAP) had its price target dropped by investment analysts at B. Riley from $1.00 to $0.50 in a report released on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. B. Riley’s price target would suggest a potential downside of 23.18% from the stock’s previous close.

LLAP has been the topic of a number of other research reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $7.00 price objective on shares of Terran Orbital in a report on Wednesday, May 15th. HC Wainwright reissued a “buy” rating and set a $3.00 target price on shares of Terran Orbital in a research note on Wednesday, May 15th.

Terran Orbital Price Performance

NYSE LLAP opened at $0.65 on Tuesday. Terran Orbital has a 12 month low of $0.62 and a 12 month high of $1.62. The company has a market capitalization of $132.87 million, a price-to-earnings ratio of -0.81 and a beta of 2.04. The company’s fifty day moving average price is $0.78 and its two-hundred day moving average price is $0.99.

Terran Orbital (NYSE:LLAP) last posted its quarterly earnings results on Tuesday, May 14th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.09). The firm had revenue of $27.24 million for the quarter, compared to the consensus estimate of $41.67 million. During the same quarter in the prior year, the firm posted ($0.31) EPS. As a group, analysts anticipate that Terran Orbital will post -0.7 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC boosted its holdings in shares of Terran Orbital by 37.3% in the fourth quarter. SG Americas Securities LLC now owns 57,145 shares of the company’s stock worth $65,000 after buying an additional 15,514 shares during the period. Gabelli Funds LLC boosted its holdings in shares of Terran Orbital by 616.5% during the first quarter. Gabelli Funds LLC now owns 149,181 shares of the company’s stock worth $195,000 after purchasing an additional 128,361 shares during the period. Quadrature Capital Ltd acquired a new stake in shares of Terran Orbital during the fourth quarter worth approximately $36,000. Vontobel Holding Ltd. acquired a new stake in shares of Terran Orbital during the fourth quarter worth approximately $141,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of Terran Orbital during the first quarter worth approximately $158,000. 85.03% of the stock is currently owned by institutional investors and hedge funds.

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.