Tidal Investments LLC Takes Position in Firefly Aerospace, Inc. $FLY

Tidal Investments LLC acquired a new stake in shares of Firefly Aerospace, Inc. (NASDAQ:FLY) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,167,135 shares of the company’s stock, valued at approximately $63,714,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Carlson Financial Inc. boosted its stake in Firefly Aerospace by 8.8% in the second quarter. Carlson Financial Inc. now owns 8,211 shares of the company’s stock valued at $241,000 after acquiring an additional 667 shares during the period. BNP Paribas Financial Markets bought a new position in shares of Firefly Aerospace during the third quarter valued at approximately $26,000. CIBC Private Wealth Group LLC acquired a new stake in shares of Firefly Aerospace during the 3rd quarter worth approximately $26,000. KBC Group NV acquired a new stake in shares of Firefly Aerospace during the 1st quarter worth approximately $38,000. Finally, California State Teachers Retirement System bought a new stake in shares of Firefly Aerospace in the 4th quarter worth approximately $30,000.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Roth Capital lowered their price objective on Firefly Aerospace from $60.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday, August 12th. KeyCorp raised Firefly Aerospace from a “sector weight” rating to an “overweight” rating and set a $50.00 target price on the stock in a research report on Monday, June 15th. Jefferies Financial Group set a $35.00 target price on Firefly Aerospace in a research note on Wednesday, August 12th. Cantor Fitzgerald restated an “overweight” rating and set a $35.00 price target on shares of Firefly Aerospace in a research report on Wednesday, August 12th. Finally, B. Riley Financial lowered their price target on shares of Firefly Aerospace from $60.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, August 12th. Seven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $36.82.

Firefly Aerospace Stock Down 4.8%

Firefly Aerospace stock opened at $21.81 on Thursday. Firefly Aerospace, Inc. has a 52 week low of $16.00 and a 52 week high of $62.17. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.02. The stock has a market cap of $3.65 billion and a price-to-earnings ratio of -7.42. The company’s 50-day moving average price is $22.99 and its two-hundred day moving average price is $29.38.

Firefly Aerospace (NASDAQ:FLY) last released its earnings results on Tuesday, August 11th. The company reported ($0.42) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.50) by $0.08. Firefly Aerospace had a negative return on equity of 22.28% and a negative net margin of 126.64%.The firm had revenue of $117.68 million during the quarter. During the same quarter last year, the company earned ($5.78) earnings per share. The business’s revenue for the quarter was up 659.2% on a year-over-year basis. On average, analysts expect that Firefly Aerospace, Inc. will post -1.91 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.