Teacher Retirement System of Texas Makes New Investment in Firefly Aerospace, Inc. $FLY

Teacher Retirement System of Texas purchased a new position in shares of Firefly Aerospace, Inc. (NASDAQ:FLY) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 130,831 shares of the company’s stock, valued at approximately $3,836,000. Teacher Retirement System of Texas owned about 0.09% of Firefly Aerospace at the end of the most recent reporting period.

Separately, Harel Insurance Investments & Financial Services Ltd. purchased a new position in Firefly Aerospace during the third quarter valued at $293,000.

Firefly Aerospace Trading Up 16.5%

NASDAQ:FLY opened at $29.35 on Wednesday. The stock has a 50-day moving average price of $23.73. Firefly Aerospace, Inc. has a 12 month low of $16.00 and a 12 month high of $73.80. The stock has a market capitalization of $4.67 billion and a P/E ratio of -4.03. The company has a quick ratio of 6.20, a current ratio of 6.20 and a debt-to-equity ratio of 0.03.

Firefly Aerospace (NASDAQ:FLY) last released its quarterly earnings results on Wednesday, November 12th. The company reported ($0.33) earnings per share for the quarter, beating the consensus estimate of ($0.42) by $0.09. The firm had revenue of $30.78 million for the quarter, compared to analysts’ expectations of $28.93 million. The business’s revenue was up 37.5% on a year-over-year basis.

Wall Street Analysts Forecast Growth

FLY has been the subject of a number of analyst reports. Morgan Stanley set a $33.00 price target on Firefly Aerospace in a research report on Friday, January 16th. 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 Tuesday, January 20th. KeyCorp initiated coverage on Firefly Aerospace in a research note on Thursday, December 18th. They set a “sector weight” rating on the stock. Deutsche Bank Aktiengesellschaft upgraded Firefly Aerospace from a “hold” rating to a “buy” rating and dropped their price target for the stock from $40.00 to $30.00 in a research note on Thursday, November 13th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Firefly Aerospace from $55.00 to $28.00 and set an “overweight” rating for the company in a report on Tuesday, November 25th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Firefly Aerospace currently has an average rating of “Moderate Buy” and a consensus target price of $39.71.

Firefly Aerospace 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.