Brokerages Set Butterfly Network, Inc. (NYSE:BFLY) Target Price at $3.67

Shares of Butterfly Network, Inc. (NYSE:BFLY) have been given an average rating of “Hold” by the five analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $3.6667.

A number of brokerages have recently commented on BFLY. Weiss Ratings reiterated a “sell (d-)” rating on shares of Butterfly Network in a report on Wednesday, October 8th. Loop Capital set a $5.00 price objective on shares of Butterfly Network in a research note on Wednesday, December 31st. Finally, Wall Street Zen upgraded shares of Butterfly Network from a “sell” rating to a “hold” rating in a research report on Sunday, November 23rd.

Insider Buying and Selling

In related news, Director Jonathan M. Rothberg sold 1,110,579 shares of the firm’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $3.15, for a total value of $3,498,323.85. Following the transaction, the director owned 769,814 shares of the company’s stock, valued at $2,424,914.10. This trade represents a 59.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders sold 7,298,684 shares of company stock valued at $24,281,944. Corporate insiders own 25.18% of the company’s stock.

Hedge Funds Weigh In On Butterfly Network

A number of large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its holdings in shares of Butterfly Network by 114.7% during the second quarter. Geode Capital Management LLC now owns 4,339,362 shares of the company’s stock valued at $8,680,000 after acquiring an additional 2,317,882 shares in the last quarter. Acadian Asset Management LLC increased its stake in Butterfly Network by 270.5% during the 1st quarter. Acadian Asset Management LLC now owns 1,598,552 shares of the company’s stock worth $3,642,000 after buying an additional 1,167,055 shares in the last quarter. Sei Investments Co. acquired a new stake in shares of Butterfly Network in the second quarter valued at about $2,183,000. Perkins Capital Management Inc. boosted its holdings in shares of Butterfly Network by 213.0% during the 3rd quarter. Perkins Capital Management Inc. now owns 924,280 shares of the company’s stock worth $1,784,000 after purchasing an additional 629,020 shares during the last quarter. Finally, Parkman Healthcare Partners LLC purchased a new position in shares of Butterfly Network during the 3rd quarter worth $1,162,000. 37.85% of the stock is currently owned by institutional investors.

Butterfly Network Stock Down 3.0%

Butterfly Network stock opened at $4.03 on Friday. Butterfly Network has a 52-week low of $1.32 and a 52-week high of $4.98. The firm’s fifty day moving average is $3.13 and its 200 day moving average is $2.30. The company has a market cap of $1.02 billion, a price-to-earnings ratio of -12.20 and a beta of 2.27.

Butterfly Network (NYSE:BFLY) last issued its quarterly earnings data on Friday, October 31st. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.02. The business had revenue of $21.49 million during the quarter, compared to analysts’ expectations of $21.23 million. Butterfly Network had a negative net margin of 90.31% and a negative return on equity of 37.80%. On average, equities research analysts anticipate that Butterfly Network will post -0.35 earnings per share for the current fiscal year.

Key Headlines Impacting Butterfly Network

Here are the key news stories impacting Butterfly Network this week:

• Positive Sentiment: Company roadmap: Butterfly plans a 2026 “Beam Steering” API to expose core 3D imaging capabilities to Butterfly Garden developers — could expand third‑party apps, AI integrations and future monetization opportunities. Read More.
• Neutral Sentiment: Analyst coverage and technicals remain mixed: consensus MarketBeat target ~ $3.67 with Buy/Hold/Sell split; 50‑ and 200‑day moving averages show recent strength off lows but the company remains loss‑making. Read More.
• Neutral Sentiment: Institutional investors hold a meaningful stake (~38%): several funds (Geode, Acadian, others) have recently increased positions, which can stabilize liquidity and supply in secondary market trading. Read More.
• Negative Sentiment: Large director selling: Director Jonathan M. Rothberg executed multi‑day sales totaling ~1.14M shares across Jan 6–8 at roughly $4.03–$4.18 (~$4.7M aggregate), materially reducing his stake — a clear negative for near‑term sentiment and potential selling pressure. Read More.
• Negative Sentiment: Additional executive sales: EVP John N. Doherty sold 60,182 shares (avg $3.98) on Jan 7; CTO Victor Ku sold 35,968 shares (avg $3.82) on Jan 5 — these add to the cluster of insider exits and may amplify short‑term downside risk. Read More. Read More.

About Butterfly Network

Butterfly Network, Inc is a medical technology company focused on democratizing access to diagnostic imaging through its proprietary ultrasound-on-chip platform. The company’s flagship device, the Butterfly iQ, leverages semiconductor technology to deliver whole-body ultrasound imaging in a handheld form factor. This portable system connects to a compatible smart device, enabling point-of-care scanning across a variety of clinical settings.

Beyond its hardware offering, Butterfly Network provides a cloud-based software suite that supports image storage, analysis and remote collaboration.