Terran Orbital Co. (NYSE:LLAP) Receives Average Recommendation of “Buy” from Brokerages

Terran Orbital Co. (NYSE:LLAP – Get Rating) has received a consensus recommendation of “Buy” from the six ratings firms that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have covered the stock in the last year is $10.75.

Several brokerages have recently weighed in on LLAP. Benchmark reiterated a “buy” rating and issued a $12.00 price objective on shares of Terran Orbital in a research note on Wednesday, March 22nd. B. Riley lowered their price objective on shares of Terran Orbital from $10.00 to $7.50 in a research note on Tuesday, May 16th. Finally, Stifel Nicolaus reduced their target price on shares of Terran Orbital from $8.00 to $7.00 in a report on Tuesday, May 16th.

Insider Buying and Selling at Terran Orbital

In related news, major shareholder Beach Point Capital Management sold 172,800 shares of the firm’s stock in a transaction on Monday, February 27th. The shares were sold at an average price of $3.02, for a total value of $521,856.00. Following the completion of the transaction, the insider now directly owns 628,709 shares of the company’s stock, valued at $1,898,701.18. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 23.00% of the company’s stock.

Institutional Trading of Terran Orbital

Institutional investors have recently bought and sold shares of the stock. State Street Corp lifted its position in shares of Terran Orbital by 47.8% during the first quarter. State Street Corp now owns 831,110 shares of the company’s stock worth $1,529,000 after purchasing an additional 268,636 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of Terran Orbital during the first quarter worth $38,000. Geode Capital Management LLC lifted its position in shares of Terran Orbital by 4.9% during the first quarter. Geode Capital Management LLC now owns 925,242 shares of the company’s stock worth $1,702,000 after purchasing an additional 43,092 shares during the last quarter. Deutsche Bank AG lifted its position in shares of Terran Orbital by 159.5% during the first quarter. Deutsche Bank AG now owns 25,648 shares of the company’s stock worth $47,000 after purchasing an additional 15,765 shares during the last quarter. Finally, Hood River Capital Management LLC bought a new stake in shares of Terran Orbital during the first quarter worth $10,460,000. 76.83% of the stock is currently owned by institutional investors.

Terran Orbital Stock Performance

Shares of LLAP stock opened at $1.50 on Monday. Terran Orbital has a one year low of $1.29 and a one year high of $6.68. The company’s 50-day moving average is $1.76 and its 200 day moving average is $1.94. The company has a market capitalization of $217.53 million, a price-to-earnings ratio of -1.46 and a beta of 1.84.

Terran Orbital (NYSE:LLAP – Get Rating) last posted its earnings results on Tuesday, March 21st. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.10). The business had revenue of $31.92 million for the quarter, compared to analyst estimates of $30.80 million. As a group, research analysts predict that Terran Orbital will post -0.71 earnings per share for the current fiscal year.

About Terran Orbital

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Terran Orbital Corporation manufactures, owns, and operates satellites and related space-based solutions that provide earth observation, data and analytics to defense, intelligence, civil, and commercial end users in the United States. The company operates through two segments, Satellite Solutions and Earth Observation Solutions.