Kratos Defense & Security Solutions, Inc (KTOS) Receives New Coverage from Analysts at Seaport Global Securities

Seaport Global Securities assumed coverage on shares of Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) in a research report report published on Friday. The brokerage issued a buy rating and a $10.00 price target on the stock.

Other equities research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Kratos Defense & Security Solutions from a hold rating to a sell rating in a report on Monday, January 30th. Jefferies Group LLC dropped their price objective on shares of Kratos Defense & Security Solutions from $9.60 to $8.50 and set a hold rating on the stock in a report on Monday, March 6th. Canaccord Genuity started coverage on shares of Kratos Defense & Security Solutions in a report on Tuesday, January 17th. They set a buy rating and a $10.00 price objective on the stock. SunTrust Banks, Inc. started coverage on shares of Kratos Defense & Security Solutions in a report on Thursday, January 19th. They set a buy rating and a $9.00 price objective on the stock. Finally, B. Riley reissued a buy rating and set a $11.00 price objective on shares of Kratos Defense & Security Solutions in a report on Wednesday, March 1st. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Kratos Defense & Security Solutions has an average rating of Buy and a consensus price target of $9.63.

Analyst Recommendations for Kratos Defense & Security Solutions (NASDAQ:KTOS)

Shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) traded up 0.73% during trading on Friday, reaching $8.32. The company had a trading volume of 122,051 shares. The stock’s market capitalization is $620.11 million. Kratos Defense & Security Solutions has a 1-year low of $3.75 and a 1-year high of $9.19. The company’s 50 day moving average is $8.12 and its 200-day moving average is $7.21.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings results on Monday, February 27th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.07. Kratos Defense & Security Solutions had a negative net margin of 9.06% and a negative return on equity of 3.73%. The business had revenue of $182.10 million for the quarter, compared to analyst estimates of $177.74 million. During the same period in the previous year, the company earned $0.02 earnings per share. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, equities research analysts anticipate that Kratos Defense & Security Solutions will post $0.07 earnings per share for the current year.

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In related news, Director Bandel L. Carano acquired 275,862 shares of the company’s stock in a transaction dated Tuesday, March 7th. The shares were purchased at an average cost of $7.25 per share, with a total value of $1,999,999.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 23.20% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the stock. Marshall Wace LLP bought a new stake in shares of Kratos Defense & Security Solutions during the fourth quarter worth $135,000. Bayesian Capital Management LP raised its stake in Kratos Defense & Security Solutions by 57.9% in the fourth quarter. Bayesian Capital Management LP now owns 28,421 shares of the company’s stock valued at $210,000 after buying an additional 10,421 shares during the last quarter. AQR Capital Management LLC acquired a new stake in Kratos Defense & Security Solutions during the fourth quarter valued at approximately $227,000. Penserra Capital Management LLC raised its stake in Kratos Defense & Security Solutions by 149.6% in the third quarter. Penserra Capital Management LLC now owns 33,515 shares of the company’s stock valued at $230,000 after buying an additional 20,087 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its stake in Kratos Defense & Security Solutions by 0.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 34,603 shares of the company’s stock valued at $256,000 after buying an additional 206 shares during the last quarter. 62.10% of the stock is currently owned by hedge funds and other institutional investors.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc offers various technologies, products and solutions focused on the United States and its allies’ national security. The Company’s segments include Kratos Government Solutions (KGS), Unmanned Systems (US) and Public Safety & Security (PSS). The KGS segment includes the operations of Defense Rocket Support Services (DRSS), Microwave Electronics Division (ME), Technical and Training Solutions (TTS), and Modular Systems (MS), which provide technology-based defense solutions, involving products and services, primarily for the United States National Security priorities.

5 Day Chart for NASDAQ:KTOS

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