Penney Financial LLC Acquires New Position in Firefly Aerospace, Inc. $FLY

Penney Financial LLC bought a new position in shares of Firefly Aerospace, Inc. (NASDAQ:FLY) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 22,793 shares of the company’s stock, valued at approximately $649,000.

Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. bought a new stake in shares of Firefly Aerospace during the 3rd quarter worth $19,471,000. Vanguard Group Inc. bought a new stake in shares of Firefly Aerospace during the 3rd quarter valued at approximately $53,409,000. TD Asset Management Inc bought a new stake in shares of Firefly Aerospace during the 3rd quarter valued at approximately $4,353,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Firefly Aerospace during the 3rd quarter worth approximately $633,000. Finally, HUB Investment Partners LLC bought a new position in Firefly Aerospace in the 3rd quarter valued at approximately $206,000.

Firefly Aerospace Stock Performance

NASDAQ FLY opened at $25.54 on Monday. The company has a market capitalization of $4.09 billion and a price-to-earnings ratio of -3.13. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.02. Firefly Aerospace, Inc. has a twelve month low of $16.00 and a twelve month high of $73.80. The stock has a fifty day simple moving average of $38.29 and a 200 day simple moving average of $29.99.

Firefly Aerospace (NASDAQ:FLY) last announced its earnings results on Monday, May 4th. The company reported ($0.46) EPS for the quarter, topping the consensus estimate of ($0.50) by $0.04. The firm had revenue of $80.88 million for the quarter. Firefly Aerospace had a negative return on equity of 40.96% and a negative net margin of 181.16%.The firm’s quarterly revenue was up 44.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($5.09) earnings per share. Sell-side analysts expect that Firefly Aerospace, Inc. will post -1.97 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FLY. Cantor Fitzgerald decreased their target price on shares of Firefly Aerospace from $65.00 to $35.00 and set an “overweight” rating on the stock in a research note on Thursday, March 26th. Weiss Ratings raised Firefly Aerospace from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday. KeyCorp upgraded Firefly Aerospace from a “sector weight” rating to an “overweight” rating and set a $50.00 price objective on the stock in a research report on Monday, June 15th. Wall Street Zen upgraded Firefly Aerospace from a “strong sell” rating to a “sell” rating in a research report on Sunday, June 7th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $52.00 price objective on shares of Firefly Aerospace in a research note on Tuesday, June 2nd. Seven analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $42.20.

Insiders Place Their Bets

In other Firefly Aerospace news, General Counsel David Leigh Wheeler sold 3,765 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $45.12, for a total transaction of $169,876.80. Following the completion of the transaction, the general counsel owned 142,758 shares in the company, valued at approximately $6,441,240.96. This trade represents a 2.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 7.50% of the company’s stock.

Firefly Aerospace Company Profile

Firefly Aerospace (NASDAQ:FLY) is a U.S.-based aerospace company that designs, manufactures and operates launch vehicles and in-space systems for commercial, civil and national security customers. The company focuses on providing end-to-end small- and medium-lift launch services, mission integration and spacecraft hardware to support satellite deployment and on-orbit operations.

Firefly’s product portfolio includes the Alpha small launch vehicle, developed to carry small satellites to low Earth orbit, and plans for larger vehicles and in-space capabilities to address a range of payload sizes and mission profiles.