York Space Systems Inc. (NYSE:YSS) Stock Rated “Hold” by Sell-Side Brokerages

Shares of York Space Systems Inc. (NYSE:YSS) have been assigned an average rating of “Hold” from the sixteen research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $16.35.

Several research firms have recently issued reports on YSS. The Goldman Sachs Group set a $14.00 price objective on shares of York Space Systems in a report on Tuesday, August 25th. Needham & Company LLC dropped their target price on York Space Systems from $33.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, August 14th. Truist Financial cut their target price on York Space Systems from $26.00 to $14.00 and set a “hold” rating for the company in a research report on Thursday, August 20th. Guggenheim initiated coverage on York Space Systems in a research note on Monday, September 14th. They set a “neutral” rating for the company. Finally, Citigroup decreased their price target on York Space Systems from $33.00 to $13.00 and set a “buy” rating for the company in a research note on Thursday, September 10th.

Insider Buying and Selling at York Space Systems

In other news, major shareholder Blackrock Portfolio Management sold 200,170 shares of the company’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $10.99, for a total value of $2,199,868.30. Following the completion of the sale, the insider owned 16,517,115 shares in the company, valued at $181,523,093.85. This represents a 1.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders sold a total of 415,428 shares of company stock valued at $4,744,037 in the last ninety days.

Institutional Investors Weigh In On York Space Systems

Several hedge funds and other institutional investors have recently bought and sold shares of YSS. Persistent Asset Partners Ltd acquired a new stake in York Space Systems in the 2nd quarter valued at about $53,000. Sterling Capital Management LLC boosted its position in shares of York Space Systems by 4,356.7% during the 3rd quarter. Sterling Capital Management LLC now owns 2,986 shares of the company’s stock valued at $26,000 after purchasing an additional 2,919 shares in the last quarter. IFP Advisors Inc acquired a new position in shares of York Space Systems in the 2nd quarter worth approximately $83,000. SBI Securities Co. Ltd. grew its stake in shares of York Space Systems by 63.9% in the 3rd quarter. SBI Securities Co. Ltd. now owns 4,954 shares of the company’s stock worth $43,000 after purchasing an additional 1,932 shares during the last quarter. Finally, State of Alaska Department of Revenue acquired a new position in shares of York Space Systems in the 3rd quarter worth approximately $70,000.

York Space Systems Stock Performance

YSS stock opened at $6.30 on Friday. The company has a market capitalization of $865.36 million and a P/E ratio of -10.68. The company has a 50-day simple moving average of $7.95 and a 200 day simple moving average of $20.21. York Space Systems has a fifty-two week low of $5.52 and a fifty-two week high of $44.54. The company has a quick ratio of 5.05, a current ratio of 5.34 and a debt-to-equity ratio of 0.08.

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

About York Space Systems

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.