Firefly Aerospace (NASDAQ:FLY) Rating Increased to Sell at Wall Street Zen

Firefly Aerospace (NASDAQ:FLY) was upgraded by research analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Sunday.

FLY has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $35.00 target price on shares of Firefly Aerospace in a report on Tuesday, May 5th. Morgan Stanley lifted their target price on Firefly Aerospace from $33.00 to $37.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. Jefferies Financial Group reissued a “buy” rating and issued a $52.00 price objective on shares of Firefly Aerospace in a research report on Tuesday. B. Riley Financial began coverage on Firefly Aerospace in a research report on Wednesday, May 6th. They issued a “buy” rating and a $60.00 price objective on the stock. Finally, Roth Mkm raised their price objective on Firefly Aerospace from $35.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $41.33.

Firefly Aerospace Price Performance

Shares of Firefly Aerospace stock opened at $36.10 on Friday. Firefly Aerospace has a twelve month low of $16.00 and a twelve month high of $73.80. The stock has a market capitalization of $5.78 billion and a P/E ratio of -4.43. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.02. The business’s fifty day moving average price is $38.93 and its 200 day moving average price is $28.58.

Firefly Aerospace (NASDAQ:FLY) last issued its earnings results on Monday, May 4th. The company reported ($0.46) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.50) by $0.04. Firefly Aerospace had a negative return on equity of 40.96% and a negative net margin of 181.16%.The firm had revenue of $80.88 million for the quarter. During the same quarter in the previous year, the business posted ($5.09) EPS. Firefly Aerospace’s revenue was up 44.8% compared to the same quarter last year. As a group, research analysts anticipate that Firefly Aerospace will post -1.95 earnings per share for the current year.

Insider Activity

In other news, General Counsel David Leigh Wheeler sold 3,765 shares of Firefly Aerospace 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 sale, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 7.50% of the company’s stock.

Institutional Trading of Firefly Aerospace

Hedge funds and other institutional investors have recently modified their holdings of the business. TD Asset Management Inc bought a new stake in Firefly Aerospace in the third quarter valued at about $4,353,000. LBP AM SA increased its holdings in Firefly Aerospace by 265.5% in the fourth quarter. LBP AM SA now owns 223,855 shares of the company’s stock valued at $5,008,000 after buying an additional 162,617 shares during the last quarter. Liontrust Investment Partners LLP bought a new stake in Firefly Aerospace in the third quarter valued at about $1,790,000. Hudson Bay Capital Management LP bought a new stake in Firefly Aerospace in the third quarter valued at about $50,711,000. Finally, AE Industrial Partners LP bought a new stake in Firefly Aerospace in the third quarter valued at about $1,063,863,000.

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.