Wall Street Zen upgraded shares of Momentus (NASDAQ:MNTS – Free Report) from a sell rating to a hold rating in a research note issued to investors on Sunday morning.
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Momentus in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.
Check Out Our Latest Stock Report on MNTS
Momentus Trading Down 3.1%
Momentus (NASDAQ:MNTS – Get Free Report) last announced its quarterly earnings results on Wednesday, November 19th. The company reported ($19.28) earnings per share for the quarter. The company had revenue of $0.23 million for the quarter.
Institutional Trading of Momentus
An institutional investor recently raised its position in Momentus stock. Armistice Capital LLC boosted its holdings in Momentus Inc. (NASDAQ:MNTS – Free Report) by 199.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 792,000 shares of the company’s stock after purchasing an additional 527,773 shares during the period. Armistice Capital LLC owned about 12.62% of Momentus worth $966,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 9.24% of the company’s stock.
About Momentus
Momentus Inc is a space logistics and in-space transportation company that develops and operates orbital transfer vehicles (OTVs) to move satellites and other payloads between orbits. Its core offering, the Vigoride platform, uses a proprietary water plasma propulsion system to provide sustainable, high-efficiency thrust for a range of orbital maneuvers. The company’s solutions are designed to enable flexible deployment and repositioning of satellites after launch, assisting satellite operators in optimizing mission lifespans and orbital slots.
Founded in 2017 and headquartered in Santa Clara, California, Momentus has pursued a path of technology demonstration and commercialization.
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