Butterfly Network (NYSE:BFLY) Stock Price Up 9.5% After Earnings Beat

Butterfly Network, Inc. (NYSE:BFLY) shares rose 9.5% during trading on Friday after the company announced better than expected quarterly earnings. The stock traded as high as $5.18 and last traded at $5.2450. Approximately 3,531,306 shares traded hands during trading, a decline of 39% from the average daily volume of 5,830,707 shares. The stock had previously closed at $4.79.

The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.01. Butterfly Network had a negative return on equity of 33.61% and a negative net margin of 73.63%.The firm had revenue of $26.53 million for the quarter, compared to analyst estimates of $26.08 million.

Trending Headlines about Butterfly Network

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

• Positive Sentiment: Company reaffirmed FY‑2026 revenue guidance of $117M–$121M and gave Q2 revenue guidance of $27M–$31M (near consensus), signaling management confidence in the recovery and growth cadence. Article Title
• Positive Sentiment: Q1 revenue beat estimates: reported revenue ~$26.5M vs. consensus ~$26.1M, and the GAAP loss per share narrowed year‑over‑year (Zacks noted a $0.03 loss vs. a $0.04 expected loss), which supports the upside narrative. Article Title
• Positive Sentiment: Unusually large options activity with a notable uptick in call purchases (3,652 calls), indicating some traders are positioning for further upside or event‑driven moves. (Internal trading summary)
• Neutral Sentiment: Earnings call transcript provides color on product adoption, cloud/AI strategy and go‑to‑market execution — useful for judging whether management cadence can sustain guidance. Article Title
• Negative Sentiment: MarketBeat/BusinessWire report an EPS miss versus some consensus measures (reported ($0.05) vs. consensus ($0.04)), and the company remains unprofitable with a wide negative net margin and negative ROE — risks for investors focused on near‑term profitability. Article Title
• Negative Sentiment: Some investors sold into the print: coverage notes the stock fell initially despite the revenue beat, indicating sensitivity to the EPS miss and ongoing losses (MSN coverage). Article Title

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BFLY. Craig Hallum reissued a “buy” rating and issued a $5.25 price target on shares of Butterfly Network in a research note on Wednesday, January 21st. Zacks Research raised Butterfly Network from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Loop Capital set a $5.50 target price on Butterfly Network in a research note on Monday, March 2nd. TD Cowen raised their target price on Butterfly Network from $4.50 to $6.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Finally, Lake Street Capital raised their target price on Butterfly Network from $4.00 to $5.50 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $5.56.

Institutional Investors Weigh In On Butterfly Network

Several institutional investors have recently made changes to their positions in BFLY. Invesco Ltd. acquired a new stake in shares of Butterfly Network during the 1st quarter valued at about $85,000. Goldman Sachs Group Inc. raised its stake in shares of Butterfly Network by 4.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 756,426 shares of the company’s stock valued at $1,725,000 after acquiring an additional 29,958 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Butterfly Network by 9,055.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 92,017 shares of the company’s stock valued at $184,000 after acquiring an additional 91,012 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Butterfly Network by 136.5% in the 2nd quarter. Legal & General Group Plc now owns 206,985 shares of the company’s stock valued at $414,000 after acquiring an additional 119,455 shares in the last quarter. Finally, Rhumbline Advisers bought a new position in shares of Butterfly Network in the 2nd quarter valued at approximately $475,000. 37.85% of the stock is currently owned by institutional investors and hedge funds.

Butterfly Network Stock Performance

The firm has a market capitalization of $1.37 billion, a P/E ratio of -17.98 and a beta of 2.28. The stock has a 50 day moving average of $4.22 and a two-hundred day moving average of $3.57.

Butterfly Network Company Profile

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.