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

Firefly Aerospace, Inc. (NASDAQ:FLY) has earned an average rating of “Hold” from the eleven ratings firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $41.3333.

A number of equities analysts have weighed in on the company. Roth Mkm boosted their target price on Firefly Aerospace from $35.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Weiss Ratings cut shares of Firefly Aerospace from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, April 24th. UBS Group set a $33.00 target price on shares of Firefly Aerospace in a report on Thursday, March 12th. The Goldman Sachs Group raised their target price on shares of Firefly Aerospace from $29.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, April 20th. Finally, Cantor Fitzgerald dropped their price target on Firefly Aerospace from $65.00 to $35.00 and set an “overweight” rating on the stock in a research note on Thursday, March 26th.

Firefly Aerospace Stock Performance

Firefly Aerospace stock opened at $33.42 on Thursday. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $5.36 billion and a P/E ratio of -4.10. The stock’s 50 day moving average is $39.51 and its 200 day moving average is $28.98. Firefly Aerospace has a twelve month low of $16.00 and a twelve month high of $73.80.

Firefly Aerospace (NASDAQ:FLY) last issued its earnings results on Monday, May 4th. The company reported ($0.46) EPS for the quarter, beating the consensus estimate 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 business had revenue of $80.88 million for the quarter. During the same quarter in the prior year, the business posted ($5.09) earnings per share. The business’s revenue for the quarter was up 44.8% on a year-over-year basis. On average, equities research analysts predict that Firefly Aerospace will post -1.95 earnings per share for the current fiscal year.

Insider Buying and Selling

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 stock was sold at an average price of $45.12, for a total transaction of $169,876.80. Following the completion of the sale, the general counsel owned 142,758 shares in the company, valued at approximately $6,441,240.96. This represents a 2.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 7.50% of the company’s stock.

Institutional Trading of Firefly Aerospace

A number of hedge funds have recently bought and sold shares of FLY. 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 stake in Firefly Aerospace during the third quarter valued at $26,000. California State Teachers Retirement System purchased a new stake in Firefly Aerospace during the fourth quarter valued at $30,000. NBC Securities Inc. purchased a new stake in Firefly Aerospace during the fourth quarter valued at $38,000. Finally, KBC Group NV purchased a new stake in Firefly Aerospace during the first quarter valued at $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.