Firefly Aerospace, Inc. (NASDAQ:FLY) Given Average Rating of “Moderate Buy” by Analysts

Firefly Aerospace, Inc. (NASDAQ:FLY) has been given a consensus recommendation of “Moderate Buy” by the nine analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $38.4286.

Several equities analysts have recently commented on FLY shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Firefly Aerospace in a research note on Monday. Cantor Fitzgerald assumed coverage on Firefly Aerospace in a report on Tuesday, September 2nd. They set an “overweight” rating and a $65.00 price target on the stock. Zacks Research upgraded shares of Firefly Aerospace to a “hold” rating in a report on Thursday, September 4th. Deutsche Bank Aktiengesellschaft raised Firefly Aerospace from a “hold” rating to a “buy” rating and cut their price objective for the company from $40.00 to $30.00 in a research report on Thursday, November 13th. Finally, JPMorgan Chase & Co. decreased their price objective on Firefly Aerospace from $55.00 to $28.00 and set an “overweight” rating for the company in a report on Tuesday, November 25th.

Firefly Aerospace Stock Performance

Shares of Firefly Aerospace stock opened at $18.53 on Thursday. Firefly Aerospace has a one year low of $16.00 and a one year high of $73.80. The stock has a 50 day moving average of $22.21.

Firefly Aerospace (NASDAQ:FLY) last issued its earnings results on Wednesday, November 12th. The company reported ($0.33) EPS for the quarter, topping the consensus estimate of ($0.42) by $0.09. The firm had revenue of $30.78 million during the quarter, compared to analysts’ expectations of $28.93 million. The firm’s revenue for the quarter was up 37.5% compared to the same quarter last year.

Hedge Funds Weigh In On Firefly Aerospace

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets purchased a new stake in shares of Firefly Aerospace in the 3rd quarter worth approximately $26,000. CIBC Private Wealth Group LLC bought a new stake in Firefly Aerospace in the third quarter worth $26,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Firefly Aerospace during the third quarter valued at $55,000. SBI Securities Co. Ltd. purchased a new position in shares of Firefly Aerospace in the 3rd quarter worth about $74,000. Finally, Sandia Investment Management LP purchased a new stake in Firefly Aerospace during the 3rd quarter valued at about $147,000.

About Firefly Aerospace

Firefly Aerospace is a market leading space and defense technology company with an established track record of success providing comprehensive mission solutions to national security, government, and commercial customers. Our mission is to enable responsive, regular, and reliable launch, transit, and operations in space for our customers across the globe.