Cantor Fitzgerald Begins Coverage on Redwire (NYSE:RDW)

Cantor Fitzgerald initiated coverage on shares of Redwire (NYSE:RDW - Free Report) in a research note issued to investors on Friday, Marketbeat reports. The brokerage issued an overweight rating and a $28.00 price target on the stock. Cantor Fitzgerald also issued estimates for Redwire's FY2025 earnings at ($0.24) EPS.

Other equities research analysts have also recently issued research reports about the stock. HC Wainwright increased their price target on shares of Redwire from $18.00 to $26.00 and gave the company a "buy" rating in a research report on Wednesday. B. Riley cut shares of Redwire from a "buy" rating to a "neutral" rating and raised their target price for the stock from $8.00 to $9.50 in a research report on Tuesday, October 29th. Finally, Roth Mkm raised their target price on shares of Redwire from $10.00 to $13.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $15.13.

Redwire Stock Performance

Shares of RDW stock traded down $0.87 on Friday, hitting $21.18. 1,600,469 shares of the company's stock traded hands, compared to its average volume of 2,080,846. Redwire has a one year low of $2.76 and a one year high of $23.35. The company's fifty day simple moving average is $14.33 and its 200 day simple moving average is $9.66. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of -17.51 and a beta of 2.17.

Insider Activity at Redwire

In other Redwire news, major shareholder Park Lp Genesis II sold 89,870 shares of the firm's stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $16.99, for a total transaction of $1,526,891.30. Following the completion of the sale, the insider now directly owns 4,603,427 shares in the company, valued at approximately $78,212,224.73. This trade represents a 1.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 417,656 shares of company stock valued at $7,663,352 in the last three months. Company insiders own 2.60% of the company's stock.

Institutional Trading of Redwire

A number of institutional investors and hedge funds have recently bought and sold shares of RDW. Rhumbline Advisers grew its stake in shares of Redwire by 64.7% in the second quarter. Rhumbline Advisers now owns 32,335 shares of the company's stock worth $232,000 after acquiring an additional 12,703 shares during the period. Squarepoint Ops LLC grew its stake in shares of Redwire by 59.4% in the second quarter. Squarepoint Ops LLC now owns 71,236 shares of the company's stock worth $511,000 after acquiring an additional 26,543 shares during the period. AQR Capital Management LLC bought a new stake in shares of Redwire in the second quarter worth approximately $89,000. The Manufacturers Life Insurance Company bought a new stake in shares of Redwire in the second quarter worth approximately $74,000. Finally, SG Americas Securities LLC grew its stake in shares of Redwire by 39.6% in the third quarter. SG Americas Securities LLC now owns 21,870 shares of the company's stock worth $150,000 after acquiring an additional 6,200 shares during the period. 8.10% of the stock is currently owned by institutional investors.

Redwire Company Profile

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.