Firefly Aerospace, Inc. (NASDAQ:FLY) Given Consensus Recommendation of “Hold” by Brokerages

Firefly Aerospace, Inc. (NASDAQ:FLY) has been given an average recommendation of “Hold” by the eleven analysts that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $41.3333.

Several analysts have commented on FLY shares. Morgan Stanley lifted their price objective on shares of Firefly Aerospace from $33.00 to $37.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. Roth Mkm lifted their price objective on shares of Firefly Aerospace from $35.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Jefferies Financial Group restated a “buy” rating and set a $52.00 price objective on shares of Firefly Aerospace in a research note on Tuesday. UBS Group set a $33.00 price objective on shares of Firefly Aerospace in a research note on Thursday, March 12th. Finally, The Goldman Sachs Group boosted their price objective on Firefly Aerospace from $29.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, April 20th.

Firefly Aerospace Stock Performance

Shares of FLY opened at $39.78 on Thursday. The stock has a 50-day moving average of $38.41 and a two-hundred day moving average of $28.40. Firefly Aerospace has a one year low of $16.00 and a one year 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 stock has a market cap of $6.37 billion and a P/E ratio of -4.88.

Firefly Aerospace (NASDAQ:FLY) last issued its quarterly earnings results on Monday, May 4th. The company reported ($0.46) EPS for the quarter, topping 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 company had revenue of $80.88 million during the quarter. During the same period in the prior year, the firm posted ($5.09) EPS. The business’s revenue was up 44.8% compared to the same quarter last year. As a group, research analysts predict that Firefly Aerospace will post -1.81 EPS for the current year.

Insider Activity

In other news, General Counsel David Leigh Wheeler sold 3,766 shares of the business’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $45.04, for a total value of $169,620.64. Following the completion of the transaction, the general counsel owned 142,758 shares of the company’s stock, valued at $6,429,820.32. The trade was a 2.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 7.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Firefly Aerospace

Large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets acquired a new position in shares of Firefly Aerospace in the 3rd quarter valued at $26,000. CIBC Private Wealth Group LLC acquired a new position in Firefly Aerospace in the 3rd quarter worth about $26,000. California State Teachers Retirement System acquired a new position in Firefly Aerospace in the 4th quarter worth about $30,000. NBC Securities Inc. acquired a new position in Firefly Aerospace in the 4th quarter worth about $38,000. Finally, KBC Group NV acquired a new position in Firefly Aerospace in the 1st quarter worth about $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.