Firefly Aerospace, Inc. (NASDAQ:FLY) Receives $40.56 Average PT from Analysts

Firefly Aerospace, Inc. (NASDAQ:FLY) has received a consensus recommendation of “Hold” from the eleven ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $40.5556.

Several research firms have weighed in on FLY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $35.00 price target on shares of Firefly Aerospace in a research report on Tuesday, May 5th. Morgan Stanley increased their price objective on shares of Firefly Aerospace from $33.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 5th. UBS Group set a $33.00 target price on shares of Firefly Aerospace in a research note on Thursday, March 12th. Jefferies Financial Group raised their target price on shares of Firefly Aerospace from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, April 13th. Finally, Weiss Ratings cut shares of Firefly Aerospace from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, April 24th.

Insider Activity

In other news, General Counsel David Leigh Wheeler sold 3,766 shares of the firm’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $45.04, for a total value of $169,620.64. Following the completion of the sale, the general counsel owned 142,758 shares in the company, valued at approximately $6,429,820.32. This trade represents a 2.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 7.50% of the company’s stock.

Institutional Investors Weigh In On Firefly Aerospace

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets bought a new stake in shares of Firefly Aerospace in the 3rd quarter valued at about $26,000. CIBC Private Wealth Group LLC bought a new stake in shares of Firefly Aerospace in the 3rd quarter valued at about $26,000. KBC Group NV bought a new stake in shares of Firefly Aerospace in the 1st quarter valued at about $38,000. California State Teachers Retirement System bought a new stake in shares of Firefly Aerospace in the 4th quarter valued at about $30,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of Firefly Aerospace in the 4th quarter valued at about $38,000.

Firefly Aerospace Price Performance

Shares of NASDAQ FLY opened at $42.38 on Friday. The firm has a market cap of $6.79 billion and a P/E ratio of -5.20. The company has a 50 day moving average of $31.58 and a 200 day moving average of $26.01. Firefly Aerospace has a twelve month low of $16.00 and a twelve month high of $73.80. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.02.

Firefly Aerospace (NASDAQ:FLY) last issued its quarterly earnings data on Monday, May 4th. The company reported ($0.46) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.50) by $0.04. The company had revenue of $80.88 million for the quarter. Firefly Aerospace had a negative net margin of 181.16% and a negative return on equity of 40.96%. The firm’s revenue for the quarter was up 44.8% on a year-over-year basis. During the same quarter last year, the company earned ($5.09) EPS. As a group, research analysts expect that Firefly Aerospace will post -1.81 EPS for the current fiscal year.

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.