York Space Systems Inc. (NYSE:YSS) Stock Now Rated “Hold” by Wall Street Analysts

York Space Systems Inc. (NYSE:YSS – Get Free Report) has been assigned an average rating of “Hold” from the sixteen research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $16.35.

A number of analysts have recently commented on the company. JPMorgan Chase & Co. downgraded York Space Systems from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $38.00 to $17.00 in a report on Monday, August 17th. Piper Sandler cut their price objective on shares of York Space Systems from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Friday, October 23rd. The Goldman Sachs Group set a $14.00 target price on York Space Systems in a research note on Tuesday, August 25th. Jefferies Financial Group reduced their price target on shares of York Space Systems from $32.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday, August 17th. Finally, Wall Street Zen lowered shares of York Space Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, August 5th.

Read Our Latest Report on YSS

York Space Systems Stock Performance

Shares of YSS stock opened at $6.30 on Friday. York Space Systems has a one year low of $5.52 and a one year high of $44.54. The company has a debt-to-equity ratio of 0.08, a quick ratio of 5.05 and a current ratio of 5.34. The company has a 50 day moving average price of $7.95 and a 200 day moving average price of $20.21. The firm has a market capitalization of $865.36 million and a price-to-earnings ratio of -10.68.

York Space Systems (NYSE:YSS – Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.12). The business had revenue of $92.55 million for the quarter. Sell-side analysts anticipate that York Space Systems will post -1.75 EPS for the current year.

Insider Transactions at York Space Systems

In related news, major shareholder Blackrock Portfolio Management sold 201,504 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $11.60, for a total transaction of $2,337,446.40. Following the completion of the transaction, the insider owned 16,717,285 shares in the company, valued at $193,920,506. The trade was a 1.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last ninety days, insiders sold 415,428 shares of company stock worth $4,744,037.

Hedge Funds Weigh In On York Space Systems

Several institutional investors have recently modified their holdings of the company. Tidal Investments LLC bought a new position in York Space Systems in the 2nd quarter worth about $45,381,000. Nissay Asset Management Corp Japan bought a new stake in shares of York Space Systems during the second quarter valued at approximately $8,497,000. Bank of America Corp DE raised its holdings in shares of York Space Systems by 234.2% during the second quarter. Bank of America Corp DE now owns 370,425 shares of the company’s stock valued at $9,120,000 after buying an additional 259,577 shares during the last quarter. BlackRock Inc. boosted its position in shares of York Space Systems by 1.1% during the second quarter. BlackRock Inc. now owns 19,212,689 shares of the company’s stock worth $473,016,000 after buying an additional 200,250 shares during the period. Finally, Wellington Management Group LLP acquired a new position in shares of York Space Systems during the second quarter worth approximately $4,231,000.

York Space Systems Company Profile

(Get Free Report)

York Space Systems is a space technology company that designs, manufactures and operates spacecraft and satellite systems. Its business focuses on providing standardized, scalable satellite platforms that can support communications, remote sensing, scientific missions and national security applications.

The company’s product portfolio includes modular satellite buses, integrated spacecraft and mission systems, as well as related engineering, manufacturing and operational services. York’s platforms are designed to accommodate different payloads and mission requirements, allowing customers to deploy constellations and other space-based capabilities more efficiently.

Founded in 2015, York Space Systems serves government and commercial customers and has developed spacecraft for missions in low Earth orbit and other orbital environments.

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Analyst Recommendations for York Space Systems (NYSE:YSS)

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