Lisanti Capital Growth LLC Makes New $3.06 Million Investment in Firefly Aerospace, Inc. $FLY

Lisanti Capital Growth LLC bought a new position in Firefly Aerospace, Inc. (NASDAQ:FLY) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 104,060 shares of the company’s stock, valued at approximately $3,059,000. Lisanti Capital Growth LLC owned about 0.06% of Firefly Aerospace as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in FLY. BNP Paribas Financial Markets purchased a new position in Firefly Aerospace in the third quarter worth about $26,000. CIBC Private Wealth Group LLC purchased a new stake in Firefly Aerospace during the third quarter valued at approximately $26,000. KBC Group NV bought a new stake in shares of Firefly Aerospace in the 1st quarter valued at approximately $38,000. California State Teachers Retirement System purchased a new position in shares of Firefly Aerospace in the 4th quarter worth approximately $30,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of Firefly Aerospace in the 4th quarter worth approximately $38,000.

Firefly Aerospace Stock Performance

Shares of Firefly Aerospace stock opened at $25.30 on Thursday. 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’s fifty day moving average is $25.30 and its two-hundred day moving average is $29.39. Firefly Aerospace, Inc. has a 52 week low of $16.00 and a 52 week high of $62.17. The company has a market capitalization of $4.24 billion and a PE ratio of -8.61.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FLY. Jefferies Financial Group set a $35.00 price target on Firefly Aerospace in a research report on Wednesday, August 12th. Wall Street Zen upgraded shares of Firefly Aerospace from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 15th. Roth Capital reduced their target price on shares of Firefly Aerospace from $60.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, August 12th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $35.00 price target on shares of Firefly Aerospace in a research note on Wednesday, August 12th. Finally, Morgan Stanley upped their price target on shares of Firefly Aerospace from $33.00 to $37.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. Seven equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.82.

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.