Drexel Hamilton Remains a Hold on KEYW Holding (KEYW)

In a report released today, Brian Ruttenbur from Drexel Hamilton maintained a Hold rating on KEYW Holding (KEYW). The company’s shares opened today at $9.42, close to its 52-week high of $9.84.

Ruttenbur commented:

“We note the company had a net book-to-bill of less than 1.0x due to the de-booking of several contracts including the flight services program in the period.”

According to TipRanks.com, Ruttenbur is a 4-star analyst with an average return of 7.7% and a 63.0% success rate. Ruttenbur covers the Consumer Goods sector, focusing on stocks such as General Dynamics Corp, Mercury Systems Inc, and Huntington Ingalls.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for KEYW Holding with a $10.50 average price target.

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Based on KEYW Holding’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $1.99 million. In comparison, last year the company had a GAAP net loss of $4.16 million.

Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of KEYW in relation to earlier this year. Last month, Kenneth Minihan, a Director at KEYW bought 5,000 shares for a total of $25,000.

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The KEYW Holding Corp. engages in the provision of engineering and technology solutions to support the collection, processing, analysis, and dissemination of information across the missions of intelligence, cyber, and counterterrorism communities.