224,891 Shares in Firefly Aerospace, Inc. $FLY Purchased by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC acquired a new position in Firefly Aerospace, Inc. (NASDAQ:FLY) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 224,891 shares of the company’s stock, valued at approximately $6,612,000.

A number of other institutional investors have also recently bought and sold shares of FLY. Parvin Asset Management LLC acquired a new position in shares of Firefly Aerospace during the 2nd quarter worth approximately $103,000. Corient Private Wealth LP bought a new stake in shares of Firefly Aerospace in the second quarter valued at approximately $688,000. Bank of America Corp DE bought a new stake in shares of Firefly Aerospace in the second quarter valued at approximately $6,373,000. Man Group plc acquired a new stake in Firefly Aerospace during the second quarter worth approximately $3,730,000. Finally, Jupiter Topco LLC bought a new position in Firefly Aerospace during the 2nd quarter worth $732,000.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Morgan Stanley upped their target price on Firefly Aerospace from $33.00 to $37.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $35.00 price target on shares of Firefly Aerospace in a research report on Tuesday, May 5th. B. Riley Financial cut their price objective 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. KeyCorp upgraded shares of Firefly Aerospace from a “sector weight” rating to an “overweight” rating and set a $50.00 price objective on the stock in a research note on Monday, June 15th. Finally, Roth Capital decreased their target price on shares of Firefly Aerospace from $60.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, August 12th. Seven equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Firefly Aerospace has an average rating of “Moderate Buy” and a consensus price target of $36.82.

Firefly Aerospace Stock Performance

Firefly Aerospace stock opened at $22.16 on Friday. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.02. The stock has a market cap of $3.71 billion and a PE ratio of -7.54. Firefly Aerospace, Inc. has a 12-month low of $16.00 and a 12-month high of $62.17. The business’s 50-day moving average price is $24.11 and its two-hundred day moving average price is $29.35.

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

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.