According to Zacks, “Butterfly Network Inc. created handheld, single-probe whole-body ultrasound system, Butterfly iQ. The company through its proprietary Ultrasound-On-Chip(TM) technology, Butterfly Network is paving the way for earlier detection and remote management of health conditions. Butterfly Network Inc., formerly known as Longview Acquisition Corp., is based in NEW YORK. “
Separately, Cowen reaffirmed a “buy” rating and set a $20.00 price objective on shares of Butterfly Network in a research note on Tuesday, September 7th.
Butterfly Network (NASDAQ:BFLY) last posted its quarterly earnings data on Monday, November 15th. The company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.18. The firm had revenue of $14.62 million for the quarter. As a group, research analysts predict that Butterfly Network will post -0.37 earnings per share for the current year.
Institutional investors and hedge funds have recently modified their holdings of the company. Macquarie Group Ltd. acquired a new position in shares of Butterfly Network in the 3rd quarter valued at about $26,000. Ameritas Investment Partners Inc. acquired a new position in shares of Butterfly Network in the 2nd quarter valued at about $37,000. Advisory Services Network LLC acquired a new position in shares of Butterfly Network in the 2nd quarter valued at about $44,000. Whittier Trust Co. acquired a new position in shares of Butterfly Network in the 2nd quarter valued at about $60,000. Finally, Focused Wealth Management Inc acquired a new position in shares of Butterfly Network in the 2nd quarter valued at about $70,000. Institutional investors own 41.18% of the company’s stock.
About Butterfly Network
Butterfly Network, Inc, a digital health company, 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; and Butterfly iQ+, a point-of-care ultrasound imaging device that connects with a smart phone or tablet.
See Also: Average Daily Trade Volume Explained
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Butterfly Network Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Butterfly Network and related companies with MarketBeat.com's FREE daily email newsletter.