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

Firefly Aerospace, Inc. (NASDAQ:FLY) has earned a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $42.20.

Several research firms recently issued reports on FLY. The Goldman Sachs Group increased their target price on Firefly Aerospace from $29.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, April 20th. KeyCorp upgraded Firefly Aerospace from a “sector weight” rating to an “overweight” rating and set a $50.00 price target for the company in a research note on Monday, June 15th. Wall Street Zen upgraded shares of Firefly Aerospace from a “strong sell” rating to a “sell” rating in a research report on Sunday, June 7th. B. Riley Financial assumed coverage on shares of Firefly Aerospace in a report on Wednesday, May 6th. They issued a “buy” rating and a $60.00 target price on the stock. Finally, Roth Mkm upped their target price on shares of Firefly Aerospace from $35.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, April 17th.

Insider Activity at Firefly Aerospace

In other Firefly Aerospace news, General Counsel David Leigh Wheeler sold 3,766 shares of the stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $45.04, for a total transaction of $169,620.64. Following the completion of the transaction, the general counsel owned 142,758 shares of the company’s stock, valued at $6,429,820.32. This represents a 2.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 7.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Firefly Aerospace

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FLY. BNP Paribas Financial Markets bought a new stake in Firefly Aerospace in the 3rd quarter worth approximately $26,000. CIBC Private Wealth Group LLC purchased a new position in shares of Firefly Aerospace in the third quarter valued at $26,000. California State Teachers Retirement System purchased a new position in shares of Firefly Aerospace in the fourth quarter valued at $30,000. NBC Securities Inc. bought a new stake in Firefly Aerospace in the fourth quarter worth $38,000. Finally, KBC Group NV purchased a new stake in Firefly Aerospace during the first quarter valued at $38,000.

Firefly Aerospace Price Performance

Shares of FLY stock opened at $28.90 on Monday. The company has a market capitalization of $4.63 billion and a price-to-earnings ratio of -3.55. Firefly Aerospace has a one year low of $16.00 and a one year high of $73.80. The company’s fifty day moving average price is $36.90 and its 200-day moving average price is $30.26. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.53 and a quick ratio of 2.53.

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

About Firefly Aerospace

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.