Brokerages Set Butterfly Network, Inc. (NYSE:BFLY) Target Price at $3.67

Shares of Butterfly Network, Inc. (NYSE:BFLY) have received an average recommendation of “Hold” from the five ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $3.6667.

A number of analysts have commented on the stock. Wall Street Zen upgraded shares of Butterfly Network from a “sell” rating to a “hold” rating in a report on Sunday, November 23rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Butterfly Network in a research report on Wednesday, October 8th. Finally, Loop Capital set a $5.00 price objective on Butterfly Network in a research note on Wednesday, December 31st.

More Butterfly Network News

Here are the key news stories impacting Butterfly Network this week:

• Positive Sentiment: Butterfly is planning a 2026 “Beam Steering” API to open core 3D imaging capabilities to Butterfly Garden developers, enabling third‑party and AI tool integration — a potential long‑term revenue/engagement catalyst if developers monetize apps or workflows. BFLY to Extend 3D Imaging Capabilities
• Neutral Sentiment: Analyst coverage and technicals: consensus MarketBeat target is $3.67 with mixed ratings (Buy/Hold/Sell mix). The stock’s 50‑day / 200‑day moving averages (~$3.06 / $2.27) and wide 52‑week range show elevated volatility and a growth‑stage financial profile (negative EPS). MarketBeat BFLY Profile
• Negative Sentiment: Director Jonathan M. Rothberg executed large, multi‑day stock sales (Jan 6–8): 351,617 + 452,729 + 335,834 = 1,140,180 shares sold at ~ $4.03–$4.18 (aggregate ≈ $4.7M), materially reducing his ownership stake — a clear near‑term negative for sentiment and potential selling pressure. Rothberg Form 4s
• Negative Sentiment: CTO Victor Ku sold 35,968 shares (~$137k) on Jan 5, a modest but additional insider sale that adds to the cluster of executive selling and may amplify short‑term negative sentiment. Ku Form 4

Insider Buying and Selling at Butterfly Network

In related news, Director Jonathan M. Rothberg sold 1,110,579 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $3.15, for a total value of $3,498,323.85. Following the completion of the sale, the director owned 769,814 shares of the company’s stock, valued at approximately $2,424,914.10. This represents a 59.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last 90 days, insiders have sold 7,238,502 shares of company stock worth $24,042,420. Insiders own 25.18% of the company’s stock.

Institutional Trading of Butterfly Network

Several hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC boosted its stake in Butterfly Network by 270.5% during the first quarter. Acadian Asset Management LLC now owns 1,598,552 shares of the company’s stock worth $3,642,000 after buying an additional 1,167,055 shares during the period. Geode Capital Management LLC raised its stake in shares of Butterfly Network by 114.7% in the 2nd quarter. Geode Capital Management LLC now owns 4,339,362 shares of the company’s stock valued at $8,680,000 after acquiring an additional 2,317,882 shares during the period. Blair William & Co. IL lifted its holdings in shares of Butterfly Network by 14.5% in the 2nd quarter. Blair William & Co. IL now owns 118,500 shares of the company’s stock worth $237,000 after acquiring an additional 15,000 shares during the last quarter. DNB Asset Management AS boosted its position in shares of Butterfly Network by 145.0% during the 2nd quarter. DNB Asset Management AS now owns 281,715 shares of the company’s stock worth $563,000 after purchasing an additional 166,749 shares during the period. Finally, Thompson Davis & CO. Inc. acquired a new stake in Butterfly Network in the 2nd quarter valued at approximately $72,000. Hedge funds and other institutional investors own 37.85% of the company’s stock.

Butterfly Network Stock Performance

NYSE BFLY opened at $4.14 on Friday. The business has a fifty day moving average price of $3.10 and a 200 day moving average price of $2.29. The company has a market cap of $1.04 billion, a P/E ratio of -12.53 and a beta of 2.27. Butterfly Network has a one year low of $1.32 and a one year high of $4.98.

Butterfly Network (NYSE:BFLY) last released its earnings results on Friday, October 31st. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.02. The business had revenue of $21.49 million during the quarter, compared to analyst estimates of $21.23 million. Butterfly Network had a negative net margin of 90.31% and a negative return on equity of 37.80%. As a group, sell-side analysts predict that Butterfly Network will post -0.35 EPS for the current fiscal year.

About Butterfly Network

Butterfly Network, Inc is a medical technology company focused on democratizing access to diagnostic imaging through its proprietary ultrasound-on-chip platform. The company’s flagship device, the Butterfly iQ, leverages semiconductor technology to deliver whole-body ultrasound imaging in a handheld form factor. This portable system connects to a compatible smart device, enabling point-of-care scanning across a variety of clinical settings.

Beyond its hardware offering, Butterfly Network provides a cloud-based software suite that supports image storage, analysis and remote collaboration.