Butterfly Network, Inc. (NYSE:BFLY - Get Free Report)'s share price traded down 5.4% during mid-day trading on Thursday . The company traded as low as $2.46 and last traded at $2.46. 1,792,189 shares were traded during mid-day trading, a decline of 59% from the average session volume of 4,404,134 shares. The stock had previously closed at $2.60.
Analyst Upgrades and Downgrades
Separately, William Blair began coverage on shares of Butterfly Network in a research report on Monday, March 17th. They set an "outperform" rating for the company.
View Our Latest Research Report on Butterfly Network
Butterfly Network Trading Down 4.4 %
The firm has a market cap of $550.46 million, a P/E ratio of -4.93 and a beta of 2.48. The business's fifty day simple moving average is $3.57 and its 200-day simple moving average is $2.98.
Institutional Trading of Butterfly Network
A number of institutional investors have recently added to or reduced their stakes in BFLY. Sound View Wealth Advisors Group LLC increased its position in shares of Butterfly Network by 18.5% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 16,000 shares of the company's stock valued at $50,000 after buying an additional 2,500 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in Butterfly Network by 15.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 31,024 shares of the company's stock valued at $97,000 after acquiring an additional 4,212 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its holdings in Butterfly Network by 23.9% during the 4th quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 23,850 shares of the company's stock worth $74,000 after acquiring an additional 4,606 shares during the period. Kovitz Investment Group Partners LLC lifted its stake in Butterfly Network by 37.0% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 34,250 shares of the company's stock worth $107,000 after purchasing an additional 9,250 shares in the last quarter. Finally, Ground Swell Capital LLC bought a new position in Butterfly Network in the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 37.85% of the company's stock.
Butterfly Network Company Profile
(
Get Free Report)
Butterfly Network, Inc develops, manufactures, and commercializes ultrasound imaging solutions in the United States and internationally. It offers Butterfly iQ, a handheld and single-probe whole body ultrasound system; Butterfly iQ+ and iQ3 ultrasound devices that can perform whole-body imaging in a single handheld probe integrated with the clinical workflow, and accessible on a user's smartphone, tablet, and almost any hospital computer system; and Butterfly iQ+ Vet, a handheld ultrasound system designed for veterinarians.
See Also
Before you consider Butterfly Network, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Butterfly Network wasn't on the list.
While Butterfly Network currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market volatility creates opportunity. Our analysts have pinpointed 10 stocks perfectly positioned for exceptional growth this spring, even amid economic uncertainty. Don't miss your chance to access this timely research and invest with confidence.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.