B. Riley Trims Terran Orbital (NYSE:LLAP) Target Price to $0.50

Terran Orbital (NYSE:LLAP) had its price objective reduced by B. Riley from $1.00 to $0.50 in a research note published on Tuesday morning, Benzinga reports. B. Riley currently has a neutral rating on the stock. B. Riley also issued estimates for Terran Orbital’s Q3 2024 earnings at ($0.19) EPS, Q4 2024 earnings at ($0.16) EPS, FY2024 earnings at ($0.78) EPS and FY2025 earnings at ($0.40) EPS.

A number of other analysts also recently issued reports on LLAP. HC Wainwright reaffirmed a buy rating and set a $3.00 price target on shares of Terran Orbital in a report on Wednesday, May 15th. Stifel Nicolaus restated a buy rating and set a $7.00 target price on shares of Terran Orbital in a research note on Wednesday, May 15th.

Terran Orbital Stock Down 39.4 %

Shares of NYSE:LLAP opened at $0.24 on Tuesday. Terran Orbital has a fifty-two week low of $0.23 and a fifty-two week high of $1.62. The firm’s 50 day moving average price is $0.76 and its 200 day moving average price is $0.98. The stock has a market cap of $48.98 million, a price-to-earnings ratio of -0.30 and a beta of 2.04.

Terran Orbital (NYSE:LLAP) last announced its quarterly earnings data on Tuesday, May 14th. The company reported ($0.26) earnings per share 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 analyst estimates of $41.67 million. During the same quarter last year, the firm earned ($0.31) EPS. On average, equities analysts anticipate that Terran Orbital will post -0.7 EPS for the current year.

Hedge Funds Weigh In On Terran Orbital

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of Terran Orbital by 63.6% in the 1st quarter. Vanguard Group Inc. now owns 7,298,862 shares of the company’s stock valued at $9,562,000 after purchasing an additional 2,837,638 shares during the last quarter. Legacy Capital Group California Inc. purchased a new stake in Terran Orbital in the first quarter valued at approximately $754,000. Bank of New York Mellon Corp boosted its holdings in shares of Terran Orbital by 63.5% in the second quarter. Bank of New York Mellon Corp now owns 430,060 shares of the company’s stock valued at $353,000 after acquiring an additional 166,978 shares during the period. Bernardo Wealth Planning LLC boosted its holdings in shares of Terran Orbital by 6.6% in the second quarter. Bernardo Wealth Planning LLC now owns 237,861 shares of the company’s stock valued at $195,000 after acquiring an additional 14,700 shares during the period. Finally, Rhumbline Advisers increased its holdings in shares of Terran Orbital by 85.5% in the 2nd quarter. Rhumbline Advisers now owns 203,769 shares of the company’s stock valued at $167,000 after acquiring an additional 93,925 shares during the period. Institutional investors and hedge funds own 85.03% of the company’s stock.

About Terran Orbital

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.