Traders Buy Large Volume of Call Options on Firefly Aerospace (NASDAQ:FLY)

Firefly Aerospace, Inc. (NASDAQ:FLY) was the recipient of some unusual options trading activity on Tuesday. Stock traders bought 39,597 call options on the stock. This is an increase of approximately 515% compared to the typical daily volume of 6,435 call options.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Morgan Stanley set a $33.00 price objective on shares of Firefly Aerospace in a research note on Friday, January 16th. The Goldman Sachs Group lifted their price target on Firefly Aerospace from $29.00 to $32.00 and gave the company a “neutral” rating in a research report on Tuesday, January 20th. KeyCorp began coverage on Firefly Aerospace in a report on Thursday, December 18th. They issued a “sector weight” rating for the company. Roth Mkm reaffirmed a “buy” rating on shares of Firefly Aerospace in a report on Monday, November 24th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Firefly Aerospace in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $39.71.

Firefly Aerospace Stock Up 5.3%

Shares of NASDAQ FLY opened at $21.47 on Thursday. The stock has a fifty day moving average of $25.22. The firm has a market cap of $3.42 billion and a PE ratio of -2.95. The company has a quick ratio of 6.20, a current ratio of 6.20 and a debt-to-equity ratio of 0.03. Firefly Aerospace has a 52-week low of $16.00 and a 52-week high of $73.80.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FLY. BNP Paribas Financial Markets acquired a new stake in shares of Firefly Aerospace during the third quarter valued at approximately $26,000. CIBC Private Wealth Group LLC purchased a new position in Firefly Aerospace during the 3rd quarter worth approximately $26,000. California State Teachers Retirement System acquired a new stake in Firefly Aerospace during the 4th quarter valued at $30,000. Russell Investments Group Ltd. purchased a new stake in shares of Firefly Aerospace in the fourth quarter valued at $38,000. Finally, NBC Securities Inc. acquired a new stake in shares of Firefly Aerospace in the fourth quarter worth $38,000.

About Firefly Aerospace

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.