Butterfly Network (BFLY) Scheduled to Post Quarterly Earnings on Thursday

Butterfly Network (NASDAQ:BFLYGet Rating) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, May 5th. Butterfly Network has set its FY 2022 guidance at EPS.Parties interested in participating in the company’s conference call can do so using this link.

Butterfly Network (NASDAQ:BFLYGet Rating) last released its quarterly earnings data on Monday, February 28th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.30) by $0.22. The business had revenue of $18.99 million during the quarter. Butterfly Network had a negative net margin of 51.80% and a negative return on equity of 25.48%. On average, analysts expect Butterfly Network to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Butterfly Network stock opened at $3.53 on Thursday. The stock has a market cap of $699.50 million, a P/E ratio of -20.50 and a beta of 2.48. The company has a fifty day simple moving average of $4.61 and a 200-day simple moving average of $6.60. Butterfly Network has a 12-month low of $3.53 and a 12-month high of $15.65.

Separately, Zacks Investment Research cut shares of Butterfly Network from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 3rd.

In other Butterfly Network news, insider Darius Shahida sold 16,430 shares of Butterfly Network stock in a transaction on Thursday, March 17th. The shares were sold at an average price of $5.39, for a total value of $88,557.70. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Stacey Pugh sold 16,122 shares of Butterfly Network stock in a transaction on Wednesday, February 16th. The shares were sold at an average price of $5.95, for a total transaction of $95,925.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 151,737 shares of company stock valued at $878,903. 42.11% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. NEXT Financial Group Inc raised its stake in shares of Butterfly Network by 1,057.1% during the 4th quarter. NEXT Financial Group Inc now owns 10,946 shares of the company’s stock worth $73,000 after buying an additional 10,000 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Butterfly Network in the third quarter valued at $176,000. Citigroup Inc. boosted its position in shares of Butterfly Network by 64.3% during the 4th quarter. Citigroup Inc. now owns 36,848 shares of the company’s stock worth $247,000 after purchasing an additional 14,421 shares in the last quarter. Invesco Ltd. acquired a new position in shares of Butterfly Network during the 2nd quarter worth $257,000. Finally, LPL Financial LLC increased its holdings in shares of Butterfly Network by 7.3% in the 4th quarter. LPL Financial LLC now owns 63,767 shares of the company’s stock valued at $427,000 after purchasing an additional 4,311 shares in the last quarter. Institutional investors own 47.75% of the company’s stock.

Butterfly Network Company Profile (Get Rating)

Butterfly Network, Inc, a digital health company, develops, manufactures, and commercializes ultrasound imaging solutions in the United States and internationally. It offers Butterfly iQ, a handheld and single-probe whole body ultrasound system; Butterfly iQ+, a point-of-care ultrasound imaging device that connects with a smartphone, tablet, and hospital computer system; and Butterfly Blueprint, a system-wide ultrasound platform with Compass software that integrates into a healthcare system's clinical and administrative infrastructure.

Read More

Earnings History for Butterfly Network (NASDAQ:BFLY)

Receive News & Ratings for Butterfly Network Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Butterfly Network and related companies with MarketBeat.com's FREE daily email newsletter.