Terran Orbital (NYSE:LLAP) Price Target Lowered to $7.00 at Stifel Nicolaus

Terran Orbital (NYSE:LLAP – Get Rating) had its price target reduced by Stifel Nicolaus from $8.00 to $7.00 in a report published on Tuesday morning, The Fly reports.

Separately, Benchmark restated a buy rating and set a $12.00 price objective on shares of Terran Orbital in a report on Wednesday, March 22nd. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of Buy and an average price target of $10.75.

Terran Orbital Price Performance

Shares of NYSE LLAP opened at $1.56 on Tuesday. The company’s fifty day moving average is $1.80 and its 200-day moving average is $1.96. Terran Orbital has a twelve month low of $1.29 and a twelve month high of $6.68.

Terran Orbital (NYSE:LLAP – Get Rating) last announced its quarterly earnings results on Tuesday, March 21st. The company reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.10). The firm had revenue of $31.92 million for the quarter, compared to the consensus estimate of $30.80 million. Analysts expect that Terran Orbital will post -0.68 EPS for the current year.

Insider Buying and Selling

In other Terran Orbital news, major shareholder Beach Point Capital Management sold 172,800 shares of Terran Orbital 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 sale, the insider now directly owns 628,709 shares in the company, valued at approximately $1,898,701.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 30.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Terran Orbital

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Penserra Capital Management LLC bought a new position in shares of Terran Orbital in the 1st quarter valued at about $29,000. SG Americas Securities LLC grew its position in shares of Terran Orbital by 60.5% in the 4th quarter. SG Americas Securities LLC now owns 18,207 shares of the company’s stock valued at $29,000 after acquiring an additional 6,861 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Terran Orbital by 1.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 395,078 shares of the company’s stock valued at $727,000 after acquiring an additional 7,228 shares during the period. American International Group Inc. grew its position in shares of Terran Orbital by 71.1% in the 4th quarter. American International Group Inc. now owns 19,454 shares of the company’s stock valued at $31,000 after acquiring an additional 8,084 shares during the period. Finally, Barclays PLC grew its position in shares of Terran Orbital by 89.4% in the 1st quarter. Barclays PLC now owns 20,911 shares of the company’s stock valued at $38,000 after acquiring an additional 9,868 shares during the period. 76.83% of the stock is currently owned by institutional investors and hedge funds.

Terran Orbital Company Profile

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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.