71,527 Shares in Firefly Aerospace, Inc. $FLY Acquired by PDT Partners LLC

PDT Partners LLC bought a new stake in Firefly Aerospace, Inc. (NASDAQ:FLY) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 71,527 shares of the company’s stock, valued at approximately $2,103,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Firefly Aerospace during the second quarter worth $173,573,000. Tema ETFs LLC grew its stake in shares of Firefly Aerospace by 133,440.2% in the second quarter. Tema ETFs LLC now owns 2,280,867 shares of the company’s stock valued at $67,057,000 after buying an additional 2,279,159 shares in the last quarter. Vanguard Group Inc. purchased a new stake in shares of Firefly Aerospace in the 3rd quarter valued at $53,409,000. UBS Group AG lifted its stake in Firefly Aerospace by 233.6% during the 4th quarter. UBS Group AG now owns 1,773,607 shares of the company’s stock worth $39,676,000 after acquiring an additional 1,241,987 shares in the last quarter. Finally, Temasek Holdings Private Ltd lifted its stake in Firefly Aerospace by 151.3% during the 4th quarter. Temasek Holdings Private Ltd now owns 1,069,588 shares of the company’s stock worth $23,927,000 after acquiring an additional 643,886 shares in the last quarter.

Wall Street Analysts Forecast Growth

FLY has been the topic of a number of research reports. Cantor Fitzgerald reiterated an “overweight” rating and set a $35.00 target price on shares of Firefly Aerospace in a report on Wednesday, August 12th. Morgan Stanley upped their price objective on Firefly Aerospace from $33.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. Weiss Ratings upgraded Firefly Aerospace from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, June 25th. 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. Finally, B. Riley Financial cut their price target on Firefly Aerospace from $60.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, August 12th. Seven equities 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $36.82.

Firefly Aerospace Price Performance

Firefly Aerospace stock opened at $22.26 on Thursday. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.02. The company has a fifty day simple moving average of $24.28 and a 200-day simple moving average of $29.36. The stock has a market cap of $3.73 billion and a P/E ratio of -7.57. Firefly Aerospace, Inc. has a 12-month low of $16.00 and a 12-month high of $62.17.

Firefly Aerospace (NASDAQ:FLY) last posted its earnings results on Tuesday, August 11th. The company reported ($0.42) EPS for the quarter, beating the consensus estimate of ($0.50) by $0.08. The firm had revenue of $117.68 million for the quarter. Firefly Aerospace had a negative return on equity of 22.28% and a negative net margin of 126.64%.The business’s quarterly revenue was up 659.2% compared to the same quarter last year. During the same period last year, the company earned ($5.78) EPS. Equities analysts expect that Firefly Aerospace, Inc. will post -1.91 EPS for the current fiscal year.

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.