Redwire (NYSE:RDW) Given New $25.00 Price Target at B. Riley

Redwire (NYSE:RDW) had its price target decreased by B. Riley from $27.00 to $25.00 in a research note released on Wednesday,Benzinga reports. B. Riley currently has a neutral rating on the stock.

Other analysts have also issued research reports about the stock. HC Wainwright reaffirmed a “buy” rating and issued a $26.00 price objective on shares of Redwire in a research report on Wednesday. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $28.00 price objective on shares of Redwire in a research report on Tuesday. Finally, Alliance Global Partners reaffirmed a “buy” rating on shares of Redwire in a research report on Tuesday. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Redwire currently has an average rating of “Moderate Buy” and an average target price of $17.71.

Redwire Price Performance

RDW opened at $9.98 on Wednesday. The company’s 50-day moving average is $18.20 and its 200 day moving average is $12.67. Redwire has a fifty-two week low of $3.15 and a fifty-two week high of $26.66. The firm has a market capitalization of $663.75 million, a P/E ratio of -8.24 and a beta of 2.33.

Insider Activity

In other news, major shareholder Park Lp Genesis II sold 5,371 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $18.01, for a total value of $96,731.71. Following the sale, the insider now owns 4,598,056 shares of the company’s stock, valued at $82,810,988.56. The trade was a 0.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold a total of 684,454 shares of company stock valued at $13,682,993 over the last quarter. Company insiders own 2.60% of the company’s stock.

Institutional Trading of Redwire

Several hedge funds and other institutional investors have recently modified their holdings of RDW. Quarry LP purchased a new position in Redwire during the fourth quarter valued at approximately $33,000. Summit Investment Advisors Inc. grew its stake in Redwire by 64.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,382 shares of the company’s stock valued at $39,000 after acquiring an additional 931 shares in the last quarter. Summit Securities Group LLC purchased a new position in Redwire during the fourth quarter valued at approximately $63,000. Jones Financial Companies Lllp grew its stake in Redwire by 45.7% during the fourth quarter. Jones Financial Companies Lllp now owns 4,372 shares of the company’s stock valued at $72,000 after acquiring an additional 1,372 shares in the last quarter. Finally, US Bancorp DE purchased a new position in Redwire during the fourth quarter valued at approximately $119,000. 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.