Firefly Aerospace, Inc. (NASDAQ:FLY) Receives $41.33 Consensus PT from Brokerages

Firefly Aerospace, Inc. (NASDAQ:FLY) has been given a consensus rating of “Hold” by the eleven research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $41.3333.

A number of analysts have recently issued reports on the company. B. Riley Financial assumed coverage on Firefly Aerospace in a report on Wednesday, May 6th. They issued a “buy” rating and a $60.00 price target for the company. Morgan Stanley upped their price target on Firefly Aerospace from $33.00 to $37.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 5th. Wall Street Zen upgraded Firefly Aerospace from a “strong sell” rating to a “sell” rating in a report on Sunday. Roth Mkm upped their price target on Firefly Aerospace from $35.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Finally, Weiss Ratings cut Firefly Aerospace from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, April 24th.

Firefly Aerospace Stock Up 0.2%

FLY stock opened at $36.18 on Thursday. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.02. Firefly Aerospace has a twelve month low of $16.00 and a twelve month high of $73.80. The company’s 50 day moving average is $39.12 and its two-hundred day moving average is $28.76. The stock has a market cap of $5.80 billion and a P/E ratio of -4.44.

Firefly Aerospace (NASDAQ:FLY) last announced its earnings results on Monday, May 4th. The company reported ($0.46) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.50) by $0.04. The business had revenue of $80.88 million for the quarter. Firefly Aerospace had a negative net margin of 181.16% and a negative return on equity of 40.96%. The business’s revenue was up 44.8% on a year-over-year basis. During the same quarter last year, the business posted ($5.09) earnings per share. Research analysts expect that Firefly Aerospace will post -1.95 earnings per share for the current fiscal year.

Insider Activity

In other Firefly Aerospace news, General Counsel David Leigh Wheeler sold 3,765 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $45.12, for a total transaction of $169,876.80. Following the completion of the sale, the general counsel directly owned 142,758 shares in the company, valued at approximately $6,441,240.96. This trade represents a 2.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 7.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Firefly Aerospace

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