Virgin Galactic Holdings (NASDAQ:SPCE) has received a consensus broker rating score of 1.25 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy rating and one has given a strong buy rating to the company. Virgin Galactic’s rating score has declined by 25% in the last three months as a result of a number of analysts’ upgrades and downgrades.

Brokers have set a one year consensus price objective of $21.00 for the company, according to Zacks. Zacks has also given Virgin Galactic an industry rank of 188 out of 255 based on the ratings given to related companies.

A number of analysts recently weighed in on the stock. Vertical Research assumed coverage on shares of Virgin Galactic in a research note on Tuesday, November 5th. They set a “buy” rating and a $20.00 target price on the stock. Morgan Stanley assumed coverage on shares of Virgin Galactic in a research note on Monday, December 9th. They set an “overweight” rating and a $22.00 target price on the stock. Finally, Credit Suisse Group started coverage on shares of Virgin Galactic in a research note on Wednesday, November 27th. They set an “outperform” rating and a $12.43 target price on the stock.

Shares of SPCE stock traded up $5.02 during trading hours on Friday, reaching $28.68. 45,402,331 shares of the stock were exchanged, compared to its average volume of 12,399,924. The stock has a fifty day moving average price of $15.41. Virgin Galactic has a 12-month low of $6.90 and a 12-month high of $28.79.

Virgin Galactic (NASDAQ:SPCE) last released its earnings results on Tuesday, November 12th. The company reported ($0.20) earnings per share for the quarter.

In related news, CEO George Thomas Whitesides purchased 5,850 shares of the company’s stock in a transaction on Monday, December 9th. The shares were bought at an average cost of $7.26 per share, for a total transaction of $42,471.00.

Institutional investors and hedge funds have recently made changes to their positions in the company. Rockefeller Capital Management L.P. purchased a new position in shares of Virgin Galactic during the fourth quarter worth approximately $45,000. Advisor Group Inc. purchased a new position in shares of Virgin Galactic during the fourth quarter worth approximately $65,000. CenterStar Asset Management LLC purchased a new position in shares of Virgin Galactic during the fourth quarter worth approximately $139,000. Raymond James & Associates purchased a new position in shares of Virgin Galactic during the fourth quarter worth approximately $149,000. Finally, Level Four Advisory Services LLC purchased a new position in shares of Virgin Galactic during the fourth quarter worth approximately $151,000.

Virgin Galactic Company Profile

Virgin Galactic, LLC provides spaceline services. The company offers suborbital research flights to scientific research community. It also operates a spaceport for astronaut training and flights operations.Virgin Galactic, LLC was founded in 2004 and is based in Mojave, California with additional offices in Las Cruces, New York, London, Pasadena, and Washington, DC Virgin Galactic, LLC operates as a subsidiary of Virgin Group Ltd.

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