The KEYW Holding Corporation (KEYW) Hits New 1-Year Low After Analyst Downgrade

Shares of The KEYW Holding Corporation (NASDAQ:KEYW) reached a new 52-week low during mid-day trading on Friday after Maxim Group lowered their price target on the stock from $13.00 to $10.00. Maxim Group currently has a buy rating on the stock. The KEYW Holding Corporation traded as low as $5.10 and last traded at $0.00, with a volume of shares changing hands.

A number of other research firms have also issued reports on KEYW. Zacks Investment Research raised The KEYW Holding Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 11th. BidaskClub lowered The KEYW Holding Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $13.00 target price on shares of The KEYW Holding Corporation in a report on Friday, October 20th. Noble Financial reaffirmed a “hold” rating on shares of The KEYW Holding Corporation in a report on Friday, August 11th. Finally, Drexel Hamilton raised The KEYW Holding Corporation from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a report on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $11.25.

Several large investors have recently made changes to their positions in KEYW. Swiss National Bank grew its holdings in shares of The KEYW Holding Corporation by 21.2% during the 1st quarter. Swiss National Bank now owns 75,600 shares of the software maker’s stock worth $714,000 after purchasing an additional 13,200 shares in the last quarter. American International Group Inc. grew its holdings in shares of The KEYW Holding Corporation by 30.6% during the 1st quarter. American International Group Inc. now owns 26,957 shares of the software maker’s stock worth $254,000 after purchasing an additional 6,318 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of The KEYW Holding Corporation by 33.1% during the 1st quarter. Alliancebernstein L.P. now owns 20,500 shares of the software maker’s stock worth $194,000 after purchasing an additional 5,100 shares in the last quarter. Teachers Advisors LLC grew its holdings in shares of The KEYW Holding Corporation by 13.6% during the 1st quarter. Teachers Advisors LLC now owns 92,887 shares of the software maker’s stock worth $877,000 after purchasing an additional 11,113 shares in the last quarter. Finally, California Public Employees Retirement System grew its holdings in shares of The KEYW Holding Corporation by 99.6% during the 1st quarter. California Public Employees Retirement System now owns 100,200 shares of the software maker’s stock worth $946,000 after purchasing an additional 50,000 shares in the last quarter. 95.99% of the stock is currently owned by institutional investors.

The company has a current ratio of 1.40, a quick ratio of 1.21 and a debt-to-equity ratio of 0.87.

The KEYW Holding Corporation (NASDAQ:KEYW) last announced its quarterly earnings data on Wednesday, August 9th. The software maker reported ($0.02) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.02. The company had revenue of $124.10 million for the quarter, compared to analyst estimates of $120.06 million. The KEYW Holding Corporation had a negative return on equity of 2.31% and a negative net margin of 7.28%. The KEYW Holding Corporation’s revenue for the quarter was up 69.3% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.01) EPS. research analysts expect that The KEYW Holding Corporation will post -0.24 EPS for the current fiscal year.

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About The KEYW Holding Corporation

The KeyW Holding Corporation is a holding company. The Company is a provider of engineering and technology solutions to support the collection, processing, analysis and dissemination of information across the full spectrum of the Intelligence, cyber and counterterrorism communities missions. It operates through Government Solutions segment.

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