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

Firefly Aerospace, Inc. (NASDAQ:FLY) has been given a consensus rating of “Moderate Buy” by the eleven analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $42.20.

A number of equities research analysts have issued reports on the stock. UBS Group set a $33.00 price objective on shares of Firefly Aerospace in a research report on Thursday, March 12th. Morgan Stanley increased their target price on shares of Firefly Aerospace from $33.00 to $37.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 5th. Wall Street Zen raised shares of Firefly Aerospace from a “strong sell” rating to a “sell” rating in a research report on Sunday, June 7th. Cantor Fitzgerald reduced their target price on shares of Firefly Aerospace from $65.00 to $35.00 and set an “overweight” rating for the company in a research report on Thursday, March 26th. Finally, The Goldman Sachs Group increased their target price on shares of Firefly Aerospace from $29.00 to $32.00 and gave the company a “neutral” rating in a research report on Monday, April 20th.

Firefly Aerospace Stock Performance

Shares of FLY stock opened at $25.54 on Monday. Firefly Aerospace has a 52-week low of $16.00 and a 52-week high of $73.80. 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 company has a 50-day simple moving average of $38.29 and a two-hundred day simple moving average of $29.99. The company has a market capitalization of $4.09 billion and a price-to-earnings ratio of -3.13.

Firefly Aerospace (NASDAQ:FLY) last issued its quarterly earnings data on Monday, May 4th. The company reported ($0.46) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.50) by $0.04. Firefly Aerospace had a negative net margin of 181.16% and a negative return on equity of 40.96%. The business had revenue of $80.88 million during the quarter. During the same period in the previous year, the company posted ($5.09) earnings per share. The company’s revenue for the quarter was up 44.8% on a year-over-year basis. Research analysts anticipate that Firefly Aerospace will post -1.97 EPS for the current fiscal year.

Insider Buying and Selling at Firefly Aerospace

In other news, General Counsel David Leigh Wheeler sold 3,766 shares of the stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $45.04, for a total transaction of $169,620.64. Following the completion of the transaction, the general counsel directly owned 142,758 shares of the company’s stock, valued at $6,429,820.32. This represents a 2.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 7.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FLY. BNP Paribas Financial Markets bought a new position in shares of Firefly Aerospace during the 3rd quarter valued at approximately $26,000. CIBC Private Wealth Group LLC bought a new position in Firefly Aerospace in the 3rd quarter worth approximately $26,000. California State Teachers Retirement System bought a new position in Firefly Aerospace in the 4th quarter worth approximately $30,000. NBC Securities Inc. bought a new position in Firefly Aerospace in the 4th quarter worth approximately $38,000. Finally, KBC Group NV bought a new position in Firefly Aerospace in the 1st quarter worth approximately $38,000.

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.