Firefly Aerospace, Inc.’s (NASDAQ:FLY) Lock-Up Period Will Expire on February 3rd

Firefly Aerospace’s (NASDAQ:FLY) lock-up period is set to end on Tuesday, February 3rd. Firefly Aerospace had issued 19,296,000 shares in its public offering on August 7th. The total size of the offering was $868,320,000 based on an initial share price of $45.00. After the expiration of Firefly Aerospace’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on FLY shares. Roth Mkm reissued a “buy” rating on shares of Firefly Aerospace in a research note on Monday, November 24th. JPMorgan Chase & Co. reduced their price target on Firefly Aerospace from $55.00 to $28.00 and set an “overweight” rating for the company in a report on Tuesday, November 25th. The Goldman Sachs Group increased their price target on Firefly Aerospace from $29.00 to $32.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 20th. Deutsche Bank Aktiengesellschaft upgraded Firefly Aerospace from a “hold” rating to a “buy” rating and cut their price objective for the company from $40.00 to $30.00 in a research report on Thursday, November 13th. Finally, Morgan Stanley set a $33.00 target price on Firefly Aerospace in a research report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Firefly Aerospace presently has an average rating of “Moderate Buy” and a consensus price target of $39.71.

Firefly Aerospace Trading Down 13.5%

NASDAQ:FLY opened at $25.20 on Tuesday. The business’s 50 day moving average price is $23.54. Firefly Aerospace has a 12 month low of $16.00 and a 12 month high of $73.80. The stock has a market cap of $4.01 billion and a price-to-earnings ratio of -3.46. The company has a current ratio of 6.20, a quick ratio of 6.20 and a debt-to-equity ratio of 0.03.

Firefly Aerospace (NASDAQ:FLY) last released its earnings results on Wednesday, November 12th. The company reported ($0.33) earnings per share for the quarter, beating the consensus estimate of ($0.42) by $0.09. The firm had revenue of $30.78 million during the quarter, compared to analysts’ expectations of $28.93 million. The business’s revenue was up 37.5% compared to the same quarter last year.

Institutional Investors Weigh In On Firefly Aerospace

A number of hedge funds have recently modified their holdings of the business. AE Industrial Partners LP acquired a new position in Firefly Aerospace during the third quarter worth about $1,063,863,000. Vanguard Group Inc. purchased a new position in Firefly Aerospace in the 3rd quarter worth approximately $53,409,000. Hudson Bay Capital Management LP acquired a new position in shares of Firefly Aerospace during the 3rd quarter worth approximately $50,711,000. Capital World Investors purchased a new stake in shares of Firefly Aerospace in the third quarter valued at approximately $35,337,000. Finally, Tudor Investment Corp ET AL purchased a new stake in shares of Firefly Aerospace in the third quarter valued at approximately $19,899,000.

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.