Quantinno Capital Management LP Buys Shares of 50,263 Firefly Aerospace, Inc. $FLY

Quantinno Capital Management LP purchased a new stake in shares of Firefly Aerospace, Inc. (NASDAQ:FLY) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 50,263 shares of the company’s stock, valued at approximately $1,431,000.

Several other large investors also recently modified their holdings of the company. BNP Paribas Financial Markets purchased a new stake in Firefly Aerospace during the third quarter valued at $26,000. CIBC Private Wealth Group LLC purchased a new position in Firefly Aerospace in the third quarter worth about $26,000. KBC Group NV purchased a new position in Firefly Aerospace in the first quarter worth about $38,000. California State Teachers Retirement System bought a new stake in shares of Firefly Aerospace during the 4th quarter valued at about $30,000. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Firefly Aerospace during the 4th quarter valued at about $38,000.

Wall Street Analyst Weigh In

FLY has been the topic of several recent research reports. B. Riley Financial lowered their price objective on shares of Firefly Aerospace from $60.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday. Morgan Stanley upped their target price on shares of Firefly Aerospace from $33.00 to $37.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. The Goldman Sachs Group increased their price target 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. Finally, KeyCorp upgraded Firefly Aerospace from a “sector weight” rating to an “overweight” rating and set a $50.00 price objective for the company in a research note on Monday, June 15th. Seven research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.82.

Firefly Aerospace Price Performance

NASDAQ FLY opened at $26.77 on Friday. 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, Inc. has a 12 month low of $16.00 and a 12 month high of $62.17. The stock has a market cap of $4.48 billion and a price-to-earnings ratio of -9.11. The company’s 50 day moving average is $25.98 and its two-hundred day moving average is $29.43.

Firefly Aerospace (NASDAQ:FLY) last posted its quarterly earnings results on Tuesday, August 11th. The company reported ($0.42) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.50) by $0.08. The business had revenue of $117.68 million during the quarter. Firefly Aerospace had a negative net margin of 126.64% and a negative return on equity of 23.01%. The business’s revenue for the quarter was up 659.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($5.78) earnings per share. As a group, research analysts anticipate that Firefly Aerospace, Inc. will post -1.83 earnings per share for the current year.

Key Headlines Impacting Firefly Aerospace

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

• Positive Sentiment: New defense opportunity: Firefly won a contract from the Defense Innovation Unit and Space Development Agency to complete a preliminary design review for an Elytra spacecraft deorbit mission. Successful completion would make Firefly eligible to compete for the follow-on launch and spacecraft-operations work, expanding its defense and in-space services opportunity. Firefly Aerospace Awarded Contract to Design Elytra Deorbit System for Defense Innovation Unit
• Positive Sentiment: Rapid revenue growth and substantial backlog: Second-quarter revenue rose approximately 657%-659% year over year to $117.7 million, while adjusted results exceeded expectations. Management maintained its 2026 revenue forecast of $420 million to $450 million and highlighted a backlog of roughly $1.5 billion, supporting its long-term growth narrative. Firefly outlines 2026 revenue outlook as backlog reaches $1.5 billion
• Positive Sentiment: Favorable analyst coverage: Cantor Fitzgerald reaffirmed its Overweight rating with a $35 price target, while B. Riley maintained a Buy rating despite lowering its target to $50. These targets imply analysts see meaningful upside if Firefly delivers on its production, launch and revenue plans.
• Neutral Sentiment: Growth depends on execution: Firefly is increasing vehicle production and ramping its Alpha program, but management noted that launch demand is highly constrained. Delays or limited launch availability could affect the timing of revenue recognition and contract performance. Firefly increases vehicle production even as launches lag
• Negative Sentiment: Profitability and cash-burn concerns remain: Firefly continues to report substantial losses, including quarterly EPS of negative $0.42 and a negative net margin. Goldman Sachs analyst Noah Poponak reiterated a Hold rating, citing ongoing cash burn and an unchanged 2026 outlook, tempering the positive impact of the earnings beat.

Insiders Place Their Bets

In related news, General Counsel David Leigh Wheeler sold 3,765 shares of the company’s stock in a transaction on 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 owned 142,758 shares of the company’s stock, valued at approximately $6,441,240.96. This represents a 2.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 7.50% of the company’s stock.

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.