Firefly Aerospace, Inc. (NASDAQ:FLY) Receives Average Recommendation of “Moderate Buy” from Analysts

Firefly Aerospace, Inc. (NASDAQ:FLY) has been given a consensus recommendation of “Moderate Buy” by the twelve ratings firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $40.6364.

Several brokerages have recently issued reports on FLY. Morgan Stanley lifted their price target on Firefly Aerospace from $33.00 to $37.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. Weiss Ratings raised Firefly Aerospace from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $35.00 price target on shares of Firefly Aerospace in a report on Tuesday, May 5th. 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 report on Monday, April 20th. Finally, Wall Street Zen raised shares of Firefly Aerospace from a “strong sell” rating to a “sell” rating in a report on Sunday, June 7th.

Insider Buying and Selling

In other Firefly Aerospace news, General Counsel David Leigh Wheeler sold 3,765 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $45.12, for a total value of $169,876.80. Following the completion of the sale, 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 legal filing with the SEC, which can be accessed through this hyperlink. 7.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Firefly Aerospace

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Tema ETFs LLC raised its holdings in Firefly Aerospace by 133,440.2% during the 2nd quarter. Tema ETFs LLC now owns 2,280,867 shares of the company’s stock worth $67,057,000 after purchasing an additional 2,279,159 shares during the last quarter. Vanguard Group Inc. acquired a new position in shares of Firefly Aerospace in the 3rd quarter valued at $53,409,000. UBS Group AG increased its holdings in shares of Firefly Aerospace by 233.6% in the fourth quarter. UBS Group AG now owns 1,773,607 shares of the company’s stock worth $39,676,000 after acquiring an additional 1,241,987 shares in the last quarter. Temasek Holdings Private Ltd raised its holdings in Firefly Aerospace by 151.3% during the 4th quarter. Temasek Holdings Private Ltd now owns 1,069,588 shares of the company’s stock worth $23,927,000 after buying an additional 643,886 shares during the period. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Firefly Aerospace during the third quarter worth $19,471,000.

Firefly Aerospace Stock Up 13.7%

Shares of NASDAQ:FLY opened at $20.29 on Friday. The company has a market cap of $3.25 billion and a PE ratio of -2.49. Firefly Aerospace has a 52 week low of $16.00 and a 52 week high of $73.80. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.53 and a current ratio of 2.53. The firm has a 50 day simple moving average of $30.68 and a 200 day simple moving average of $29.85.

Firefly Aerospace (NASDAQ:FLY) last posted its quarterly earnings results on Monday, May 4th. The company reported ($0.46) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.50) by $0.04. The business 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%. Firefly Aerospace’s revenue for the quarter was up 44.8% compared to the same quarter last year. During the same period last year, the company earned ($5.09) earnings per share. As a group, research analysts expect that Firefly Aerospace will post -1.97 earnings per share for the current 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.