Firefly Aerospace, Inc. (NASDAQ:FLY) Receives Average Recommendation of “Moderate Buy” from Analysts

Firefly Aerospace, Inc. (NASDAQ:FLY) has received an average recommendation of “Moderate Buy” from the eleven research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $42.20.

Several research analysts recently commented on the company. KeyCorp upgraded Firefly Aerospace from a “sector weight” rating to an “overweight” rating and set a $50.00 price target for the company in a research report on Monday, June 15th. UBS Group set a $33.00 price objective on Firefly Aerospace in a research note on Thursday, March 12th. The Goldman Sachs Group lifted their target price on Firefly Aerospace from $29.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, April 20th. Wall Street Zen raised Firefly Aerospace from a “strong sell” rating to a “sell” rating in a research report on Sunday, June 7th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $35.00 price target on shares of Firefly Aerospace in a report on Tuesday, May 5th.

Insider Buying and Selling

In other Firefly Aerospace news, General Counsel David Leigh Wheeler sold 3,765 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $45.12, for a total value of $169,876.80. Following the completion of the transaction, the general counsel directly owned 142,758 shares of the company’s stock, valued at approximately $6,441,240.96. The trade was a 2.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 7.50% of the company’s stock.

Institutional Trading of 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 stake in Firefly Aerospace in the third quarter valued at approximately $26,000. CIBC Private Wealth Group LLC acquired a new stake in shares of Firefly Aerospace in the 3rd quarter valued at $26,000. KBC Group NV purchased a new position in shares of Firefly Aerospace in the 1st quarter valued at $38,000. California State Teachers Retirement System purchased a new stake in Firefly Aerospace in the 4th quarter valued at $30,000. Finally, Russell Investments Group Ltd. acquired a new stake in Firefly Aerospace during the 4th quarter worth $38,000.

Firefly Aerospace Price Performance

FLY stock opened at $28.90 on Monday. The company has a market cap of $4.63 billion and a price-to-earnings ratio of -3.55. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.53 and a current ratio of 2.53. The business’s 50-day moving average is $36.90 and its two-hundred day moving average is $30.19. Firefly Aerospace has a fifty-two week low of $16.00 and a fifty-two week high of $73.80.

Firefly Aerospace (NASDAQ:FLY) last released its quarterly earnings results on Monday, May 4th. The company reported ($0.46) EPS for the quarter, beating the consensus estimate of ($0.50) by $0.04. The firm had revenue of $80.88 million during the quarter. Firefly Aerospace had a negative net margin of 181.16% and a negative return on equity of 40.96%. Firefly Aerospace’s revenue for the quarter was up 44.8% compared to the same quarter last year. During the same period in the previous year, the company earned ($5.09) EPS. As a group, analysts forecast that Firefly Aerospace will post -1.97 earnings per share for the current year.

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.