Firefly Aerospace, Inc. (NASDAQ:FLY) Receives $38.88 Consensus Target Price from Brokerages

Shares of Firefly Aerospace, Inc. (NASDAQ:FLY) have earned an average rating of “Moderate Buy” from the ten research firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $35.1250.

Several research firms recently commented on FLY. Weiss Ratings reissued a “sell (d-)” rating on shares of Firefly Aerospace in a research note on Monday, December 29th. Morgan Stanley reaffirmed a “positive” rating on shares of Firefly Aerospace in a report on Thursday, March 12th. Cantor Fitzgerald cut their price objective on Firefly Aerospace from $65.00 to $35.00 and set an “overweight” rating for the company in a research report on Thursday. The Goldman Sachs Group raised their price objective on Firefly Aerospace from $29.00 to $32.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 20th. Finally, UBS Group set a $33.00 target price on Firefly Aerospace in a report on Thursday, March 12th.

Hedge Funds Weigh In On Firefly Aerospace

Institutional investors have recently bought and sold shares of the stock. Canal Insurance CO acquired a new stake in Firefly Aerospace during the 3rd quarter worth about $293,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Firefly Aerospace in the third quarter worth about $293,000. Teacher Retirement System of Texas purchased a new position in shares of Firefly Aerospace in the third quarter worth approximately $3,836,000. LBP AM SA purchased a new position in shares of Firefly Aerospace in the third quarter worth approximately $1,795,000. Finally, Phoenix Financial Ltd. acquired a new stake in shares of Firefly Aerospace during the third quarter valued at approximately $14,468,000.

Firefly Aerospace Price Performance

NASDAQ:FLY opened at $23.70 on Friday. The company has a quick ratio of 6.20, a current ratio of 4.51 and a debt-to-equity ratio of 0.24. The business’s 50-day moving average price is $23.46 and its 200 day moving average price is $25.70. Firefly Aerospace has a 52-week low of $16.00 and a 52-week high of $73.80. The firm has a market cap of $3.79 billion and a P/E ratio of -2.58.

Firefly Aerospace (NASDAQ:FLY) last posted its quarterly earnings data on Thursday, March 19th. The company reported ($0.38) earnings per share for the quarter, beating the consensus estimate of ($0.48) by $0.10. Firefly Aerospace had a negative net margin of 186.63% and a negative return on equity of 234.80%. The company had revenue of $57.67 million during the quarter. The business’s revenue for the quarter was up 541.1% on a year-over-year basis.

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.