JPMorgan Chase & Co. Invests $19.47 Million in Firefly Aerospace, Inc. $FLY

JPMorgan Chase & Co. acquired a new stake in shares of Firefly Aerospace, Inc. (NASDAQ:FLY) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 664,099 shares of the company’s stock, valued at approximately $19,471,000. JPMorgan Chase & Co. owned 0.45% of Firefly Aerospace as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of FLY. SBI Securities Co. Ltd. bought a new stake in Firefly Aerospace during the 3rd quarter valued at $74,000. Penserra Capital Management LLC purchased a new stake in shares of Firefly Aerospace during the 3rd quarter worth $3,699,000. WCM Investment Management LLC bought a new stake in Firefly Aerospace during the third quarter valued at about $19,386,000. Phoenix Financial Ltd. bought a new position in Firefly Aerospace in the third quarter worth about $14,468,000. Finally, LBP AM SA purchased a new stake in shares of Firefly Aerospace during the third quarter valued at about $1,795,000.

Analyst Ratings Changes

Several research firms recently commented on FLY. KeyCorp initiated coverage on shares of Firefly Aerospace in a research note on Thursday, December 18th. They set a “sector weight” rating for the company. The Goldman Sachs Group lifted 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 Tuesday, January 20th. JPMorgan Chase & Co. decreased their price objective on Firefly Aerospace from $55.00 to $28.00 and set an “overweight” rating for the company in a report on Tuesday, November 25th. Morgan Stanley set a $33.00 price objective on Firefly Aerospace in a research report on Friday, January 16th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Firefly Aerospace in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.71.

Firefly Aerospace Trading Up 8.6%

NASDAQ:FLY opened at $20.92 on Tuesday. The company has a market capitalization of $3.33 billion and a P/E ratio of -2.87. The company has a current ratio of 6.20, a quick ratio of 6.20 and a debt-to-equity ratio of 0.03. Firefly Aerospace, Inc. has a 12 month low of $16.00 and a 12 month high of $73.80. The firm has a fifty day simple moving average of $24.94 and a 200-day simple moving average of $28.30.

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.