Phoenix Financial Ltd. Boosts Stock Position in Firefly Aerospace, Inc. $FLY

Phoenix Financial Ltd. increased its position in shares of Firefly Aerospace, Inc. (NASDAQ:FLY) by 33.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 660,060 shares of the company’s stock after acquiring an additional 166,599 shares during the quarter. Phoenix Financial Ltd.’s holdings in Firefly Aerospace were worth $14,765,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of FLY. BNP Paribas Financial Markets acquired a new position in Firefly Aerospace during the 3rd quarter valued at about $26,000. CIBC Private Wealth Group LLC acquired a new stake in Firefly Aerospace in the third quarter worth about $26,000. NBC Securities Inc. purchased a new stake in shares of Firefly Aerospace during the fourth quarter worth about $38,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Firefly Aerospace during the third quarter valued at about $55,000. Finally, Rakuten Securities Inc. acquired a new position in shares of Firefly Aerospace during the fourth quarter valued at about $69,000.

Insider Buying and Selling at Firefly Aerospace

In other news, General Counsel David Leigh Wheeler sold 3,766 shares of Firefly Aerospace stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $45.04, for a total transaction of $169,620.64. Following the completion of the transaction, the general counsel directly owned 142,758 shares of the company’s stock, valued at $6,429,820.32. The trade was a 2.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 7.50% of the stock is currently owned by company insiders.

Firefly Aerospace Stock Up 7.6%

Shares of FLY opened at $42.38 on Friday. The company has a market capitalization of $6.79 billion and a price-to-earnings ratio of -5.20. Firefly Aerospace, Inc. has a 52 week low of $16.00 and a 52 week high of $73.80. The stock’s 50-day moving average price is $31.58 and its 200-day moving average price is $26.01. 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 announced its quarterly earnings results on Monday, May 4th. The company reported ($0.46) earnings per share for the quarter, beating the consensus estimate of ($0.50) by $0.04. Firefly Aerospace had a negative return on equity of 40.96% and a negative net margin of 181.16%.The company had revenue of $80.88 million during the quarter. During the same quarter in the prior year, the business posted ($5.09) earnings per share. The firm’s revenue was up 44.8% compared to the same quarter last year. On average, sell-side analysts predict that Firefly Aerospace, Inc. will post -1.81 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Morgan Stanley lifted their target price 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. The Goldman Sachs Group raised their price target on shares of Firefly Aerospace from $29.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, April 20th. UBS Group set a $33.00 price objective on shares of Firefly Aerospace in a research note on Thursday, March 12th. B. Riley Financial started coverage on shares of Firefly Aerospace in a report on Wednesday, May 6th. They set a “buy” rating and a $60.00 price objective on the stock. Finally, Cantor Fitzgerald reduced their target price on Firefly Aerospace from $65.00 to $35.00 and set an “overweight” rating for the company in a research note on Thursday, March 26th. Six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $40.56.

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.