Zacks Investment Research lowered shares of The KEYW Holding Corporation (NASDAQ:KEYW) from a hold rating to a sell rating in a report issued on Wednesday morning.
According to Zacks, “KEYW Corporation with its subsidiaries is engaged in providing mission-critical cyber security and cyber superiority solutions to defense, intelligence and national security agencies. Its solutions, services and products support the collection, processing, analysis, and use of intelligence data and information in the domain of cyberspace. The Company provides a full range of engineering services as well as fully integrated platforms that support the entire intelligence process. Its platform includes products that it manufactures, as well as hardware and software that the Company integrates using its engineering services. Its current customers include the National Security Agency (NSA), other intelligence agencies, the Department of Defense (including major agencies and branches within the Department of Defense) and other federal defense and law enforcement agencies. KEYW Corporation is headquartered in Hanover, Maryland. “
A number of other research analysts have also recently commented on the company. Maxim Group dropped their price target on The KEYW Holding Corporation from $13.00 to $10.00 and set a buy rating on the stock in a research report on Friday, November 3rd. SunTrust Banks, Inc. reissued a buy rating and set a $13.00 price objective on shares of The KEYW Holding Corporation in a report on Friday, October 20th. Drexel Hamilton raised The KEYW Holding Corporation from a hold rating to a buy rating and set a $10.00 price objective on the stock in a report on Friday, August 25th. BidaskClub cut The KEYW Holding Corporation from a sell rating to a strong sell rating in a report on Thursday, August 17th. Finally, Noble Financial reissued a hold rating on shares of The KEYW Holding Corporation in a report on Friday, August 11th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The KEYW Holding Corporation has an average rating of Hold and a consensus price target of $11.25.
The KEYW Holding Corporation (NASDAQ:KEYW) opened at $5.25 on Wednesday. The KEYW Holding Corporation has a 1 year low of $4.94 and a 1 year high of $13.57. The company has a current ratio of 1.48, a quick ratio of 1.21 and a debt-to-equity ratio of 0.88.
The KEYW Holding Corporation (NASDAQ:KEYW) last issued its quarterly earnings results on Wednesday, August 9th. The software maker reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02. The KEYW Holding Corporation had a negative return on equity of 2.29% and a negative net margin of 7.28%. The firm had revenue of $124.10 million for the quarter, compared to analysts’ expectations of $120.06 million. During the same quarter in the prior year, the firm earned ($0.01) EPS. The business’s revenue for the quarter was up 69.3% compared to the same quarter last year. equities research analysts anticipate that The KEYW Holding Corporation will post -0.52 earnings per share for the current year.
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In related news, General Counsel Philip Luci acquired 9,900 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were acquired at an average price of $5.05 per share, with a total value of $49,995.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Caroline S. Pisano acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were bought at an average cost of $5.19 per share, for a total transaction of $51,900.00. Following the acquisition, the director now directly owns 69,346 shares in the company, valued at approximately $359,905.74. The disclosure for this purchase can be found here. Insiders have purchased a total of 38,900 shares of company stock worth $203,735 in the last three months. 4.62% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in KEYW. Concourse Capital Management LLC bought a new position in The KEYW Holding Corporation in the 2nd quarter worth about $109,000. Greenwood Capital Associates LLC increased its stake in The KEYW Holding Corporation by 1.8% in the 2nd quarter. Greenwood Capital Associates LLC now owns 12,260 shares of the software maker’s stock worth $115,000 after acquiring an additional 214 shares during the last quarter. Paloma Partners Management Co bought a new position in The KEYW Holding Corporation in the 1st quarter worth about $132,000. Zacks Investment Management bought a new position in The KEYW Holding Corporation in the 2nd quarter worth about $138,000. Finally, Sei Investments Co. increased its stake in The KEYW Holding Corporation by 0.8% in the 2nd quarter. Sei Investments Co. now owns 15,215 shares of the software maker’s stock worth $142,000 after acquiring an additional 128 shares during the last quarter. Institutional investors and hedge funds own 95.55% of the company’s stock.
About The KEYW Holding Corporation
The KeyW Holding Corporation is a holding company. The Company is a provider of engineering and technology solutions to support the collection, processing, analysis and dissemination of information across the full spectrum of the Intelligence, cyber and counterterrorism communities missions. It operates through Government Solutions segment.
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