Firefly Aerospace, Inc. $FLY Shares Purchased by Royal Bank of Canada

Royal Bank of Canada raised its stake in shares of Firefly Aerospace, Inc. (NASDAQ:FLY) by 1,803.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 225,782 shares of the company’s stock after acquiring an additional 213,923 shares during the period. Royal Bank of Canada’s holdings in Firefly Aerospace were worth $6,428,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in FLY. The Manufacturers Life Insurance Company purchased a new position in shares of Firefly Aerospace in the 1st quarter valued at approximately $906,000. Quantinno Capital Management LP purchased a new stake in shares of Firefly Aerospace during the first quarter worth approximately $1,431,000. SummitTX Capital L.P. acquired a new stake in shares of Firefly Aerospace during the first quarter worth $353,000. Renaissance Technologies LLC grew its position in Firefly Aerospace by 1,301.3% in the 1st quarter. Renaissance Technologies LLC now owns 329,300 shares of the company’s stock valued at $9,375,000 after buying an additional 305,800 shares during the last quarter. Finally, Gabelli Funds LLC acquired a new position in Firefly Aerospace in the 1st quarter valued at $276,000.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on FLY shares. The Goldman Sachs Group upped their price objective on shares of Firefly Aerospace from $29.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, April 20th. Weiss Ratings upgraded shares of Firefly Aerospace from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, June 25th. Morgan Stanley increased their price target on shares of Firefly Aerospace from $33.00 to $37.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 5th. Wells Fargo & Company assumed coverage on shares of Firefly Aerospace in a research report on Monday, July 27th. They issued an “equal weight” rating and a $25.00 price objective for the company. Finally, KeyCorp raised Firefly Aerospace from a “sector weight” rating to an “overweight” rating and set a $50.00 price objective on the stock in a report on Monday, June 15th. Seven 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, Firefly Aerospace has an average rating of “Moderate Buy” and a consensus price target of $40.64.

Firefly Aerospace Price Performance

Shares of NASDAQ FLY opened at $26.36 on Wednesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.53 and a current ratio of 2.53. Firefly Aerospace, Inc. has a one year low of $16.00 and a one year high of $62.17. The firm has a market capitalization of $4.22 billion and a P/E ratio of -3.23. The company’s fifty day moving average is $26.53 and its two-hundred day moving average is $29.48.

Firefly Aerospace (NASDAQ:FLY) last announced its quarterly earnings results on Tuesday, August 11th. The company reported ($0.42) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.50) by $0.08. Firefly Aerospace had a negative net margin of 181.16% and a negative return on equity of 40.96%. The business had revenue of $117.68 million during the quarter. During the same quarter in the prior year, the business earned ($5.78) EPS. The business’s revenue for the quarter was up 659.2% compared to the same quarter last year. Analysts forecast that Firefly Aerospace, Inc. will post -1.83 EPS for the current fiscal year.

Key Stories Impacting Firefly Aerospace

Here are the key news stories impacting Firefly Aerospace this week:

• Positive Sentiment: Strong Q2 performance: Firefly reported revenue of $117.7 million, up 659% year over year, while adjusted EPS of $(0.42) beat the consensus estimate of $(0.50) by $0.08. The results were described as a “double beat,” providing evidence of accelerating demand across its launch and space systems businesses. Firefly Aerospace Delivers Q2 Double Beat as Revenue Soars 650%
• Positive Sentiment: Lockheed Martin contract extended: Firefly extended its multi-launch agreement with Lockheed Martin through 2031. The deal covers up to 25 launches using Firefly’s Alpha Block II rocket, strengthening long-term revenue visibility and validating the company’s launch technology. Firefly Aerospace Announces Extension of Multi-Launch Agreement with Lockheed Martin Through 2031
• Positive Sentiment: Operational momentum: Firefly highlighted increased production capacity for carbon-composite tanks and structures, along with launch and spacecraft vehicles in assembly. Its Blue Ghost lunar program and national-security demand remain important growth catalysts.
• Neutral Sentiment: Revenue outlook broadly supports growth: Firefly issued fiscal 2026 revenue guidance of $420 million to $450 million. The midpoint is slightly below the $440.2 million analyst consensus, but the range still implies substantial expansion; no meaningful EPS guidance was provided.
• Negative Sentiment: Profitability remains weak: Despite the earnings beat, Firefly continues to report substantial losses, including a negative net margin of 181.16% and negative return on equity of 40.96%. Investors may remain focused on whether rapid expansion can eventually translate into positive cash flow.
• Negative Sentiment: Shareholder investigation: Johnson Fistel announced an investigation into potential fiduciary-duty breaches by Firefly officers and directors. The announcement does not establish wrongdoing but adds legal and governance risk. Johnson Fistel Shareholder Investigation

Insiders Place Their Bets

In other Firefly Aerospace news, General Counsel David Leigh Wheeler sold 3,765 shares of the stock in a transaction dated Monday, May 18th. The shares were 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. This trade represents a 2.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 7.50% of the company’s stock.

Firefly Aerospace Company 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.