Cantor Fitzgerald began coverage on shares of Redwire (NYSE:RDW – Free Report) in a report issued on Friday morning, MarketBeat reports. The firm issued an overweight rating and a $28.00 price objective on the stock. Cantor Fitzgerald also issued estimates for Redwire’s FY2025 earnings at ($0.24) EPS.
Several other analysts also recently issued reports on the company. HC Wainwright raised their price target on Redwire from $18.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. B. Riley downgraded shares of Redwire from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $8.00 to $9.50 in a research report on Tuesday, October 29th. Finally, Roth Mkm raised their price target on shares of Redwire from $10.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $15.13.
Read Our Latest Report on Redwire
Redwire Stock Performance
Insider Buying and Selling
In other news, major shareholder Park Lp Genesis II sold 89,870 shares of the business’s stock in a transaction on Friday, December 27th. The stock was sold at an average price of $16.99, for a total transaction of $1,526,891.30. Following the sale, the insider now directly owns 4,603,427 shares of the company’s stock, valued at $78,212,224.73. The trade was a 1.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders sold 417,656 shares of company stock worth $7,663,352. Corporate insiders own 2.60% of the company’s stock.
Hedge Funds Weigh In On Redwire
A number of institutional investors have recently bought and sold shares of RDW. SG Americas Securities LLC increased its stake in Redwire by 39.6% in the 3rd quarter. SG Americas Securities LLC now owns 21,870 shares of the company’s stock valued at $150,000 after buying an additional 6,200 shares during the period. MetLife Investment Management LLC increased its stake in shares of Redwire by 129.1% in the third quarter. MetLife Investment Management LLC now owns 14,058 shares of the company’s stock worth $97,000 after acquiring an additional 7,921 shares during the last quarter. Arkadios Wealth Advisors purchased a new stake in shares of Redwire during the fourth quarter worth $165,000. The Manufacturers Life Insurance Company acquired a new stake in Redwire during the second quarter valued at $74,000. Finally, Penserra Capital Management LLC increased its position in Redwire by 16.5% in the 3rd quarter. Penserra Capital Management LLC now owns 74,626 shares of the company’s stock worth $512,000 after purchasing an additional 10,558 shares during the last quarter. Hedge funds and other institutional investors own 8.10% of the company’s stock.
About Redwire
Redwire Corporation provides critical space solutions and space infrastructure for government and commercial customers in the United States, Europe, and internationally. The company provides avionics and sensors including star trackers, sun sensors, critical for navigation, and control of spacecraft; camera systems; solar array solutions for spacecraft spanning the spectrum of size, power needs, and orbital location; and strain composite booms, coilable booms, truss structures, telescope baffles, and deployable booms to position sensors or solar arrays away from the spacecraft.
Read More
- Five stocks we like better than Redwire
- Stock Market Upgrades: What Are They?
- MP Materials: Rare Earth Elements Powering the EV Boom
- Insider Selling Explained: Can it Inform Your Investing Choices?
- Verizon’s Turnaround Gains Traction: New Highs Are Likely in 2025
- Energy and Oil Stocks Explained
- Bloom Energy: Powering the Future With Decentralized Energy
Receive News & Ratings for Redwire Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Redwire and related companies with MarketBeat.com's FREE daily email newsletter.