Firefly Aerospace (NASDAQ:FLY) Price Target Cut to $30.00 by Analysts at Roth Capital

Firefly Aerospace (NASDAQ:FLY) had its price target trimmed by Roth Capital from $40.00 to $30.00 in a research report released on Thursday,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages have also issued reports on FLY. Weiss Ratings assumed coverage on shares of Firefly Aerospace in a report on Friday, October 31st. They issued a “sell (d-)” rating for the company. Zacks Research upgraded shares of Firefly Aerospace to a “hold” rating in a report on Thursday, September 4th. Jefferies Financial Group upgraded shares of Firefly Aerospace to a “strong-buy” rating in a report on Tuesday, September 2nd. Wall Street Zen lowered shares of Firefly Aerospace from a “hold” rating to a “sell” rating in a research report on Friday, September 5th. Finally, Cantor Fitzgerald assumed coverage on Firefly Aerospace in a report on Tuesday, September 2nd. They issued an “overweight” rating and a $65.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $49.43.

Firefly Aerospace Price Performance

FLY traded up $1.53 during trading on Thursday, reaching $22.95. The company’s stock had a trading volume of 4,454,544 shares, compared to its average volume of 1,827,423. The stock has a fifty day simple moving average of $31.05. Firefly Aerospace has a 1 year low of $18.21 and a 1 year high of $73.80.

Firefly Aerospace (NASDAQ:FLY) last posted its quarterly earnings results on Wednesday, November 12th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.09. The company had revenue of $30.78 million during the quarter, compared to analysts’ expectations of $28.93 million. The business’s revenue was up 37.5% compared to the same quarter last year. Firefly Aerospace has set its FY 2025 guidance at EPS.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. acquired a new stake in Firefly Aerospace during the 3rd quarter worth approximately $53,409,000. Burkehill Global Management LP purchased a new stake in shares of Firefly Aerospace during the third quarter worth $3,665,000. Caisse de depot et placement du Quebec acquired a new stake in shares of Firefly Aerospace in the third quarter valued at $2,199,000. Davidson Kempner Capital Management LP acquired a new stake in shares of Firefly Aerospace in the third quarter valued at $293,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Firefly Aerospace in the third quarter valued at $55,000.

Firefly Aerospace Company Profile

Firefly Aerospace is a market leading space and defense technology company with an established track record of success providing comprehensive mission solutions to national security, government, and commercial customers. Our mission is to enable responsive, regular, and reliable launch, transit, and operations in space for our customers across the globe.