Brokerages Set Firefly Aerospace, Inc. (NASDAQ:FLY) Price Target at $39.71

Shares of Firefly Aerospace, Inc. (NASDAQ:FLY) have been assigned an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $39.7143.

Several equities research analysts have recently commented on the company. Morgan Stanley set a $33.00 price objective on Firefly Aerospace in a research note on Friday, January 16th. Roth Mkm restated a “buy” rating on shares of Firefly Aerospace in a research report on Monday, November 24th. 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. Deutsche Bank Aktiengesellschaft upgraded Firefly Aerospace from a “hold” rating to a “buy” rating and cut their price objective for the company from $40.00 to $30.00 in a research note on Thursday, November 13th. Finally, KeyCorp started coverage on shares of Firefly Aerospace in a research note on Thursday, December 18th. They set a “sector weight” rating on the stock.

Institutional Investors Weigh In On Firefly Aerospace

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

Firefly Aerospace Stock Down 7.0%

NASDAQ FLY opened at $25.20 on Friday. The company’s 50-day simple moving average is $24.29. Firefly Aerospace has a 52 week low of $16.00 and a 52 week high of $73.80. The company has a quick ratio of 6.20, a current ratio of 6.20 and a debt-to-equity ratio of 0.03. The stock has a market cap of $4.01 billion and a price-to-earnings ratio of -3.46.

Firefly Aerospace (NASDAQ:FLY) last posted its quarterly earnings data on Wednesday, November 12th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.09. The business had revenue of $30.78 million during the quarter, compared to analysts’ expectations of $28.93 million. Firefly Aerospace’s revenue for the quarter was up 37.5% compared to the same quarter last 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.