Phoenix Financial Ltd. Purchases Shares of 493,461 Firefly Aerospace, Inc. $FLY

Phoenix Financial Ltd. acquired a new position in Firefly Aerospace, Inc. (NASDAQ:FLY) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 493,461 shares of the company’s stock, valued at approximately $14,468,000. Phoenix Financial Ltd. owned about 0.34% of Firefly Aerospace as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Teacher Retirement System of Texas acquired a new stake in Firefly Aerospace in the third quarter valued at approximately $3,836,000. LBP AM SA purchased a new position in Firefly Aerospace during the 3rd quarter worth $1,795,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Firefly Aerospace during the 3rd quarter valued at about $293,000. Finally, Canal Insurance CO purchased a new stake in Firefly Aerospace in the third quarter valued at about $293,000.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on FLY. KeyCorp assumed coverage on shares of Firefly Aerospace in a report on Thursday, December 18th. They set a “sector weight” rating on the stock. Roth Mkm reaffirmed a “buy” rating on shares of Firefly Aerospace in a report on Monday, November 24th. JPMorgan Chase & Co. lowered their price objective on shares of Firefly Aerospace from $55.00 to $28.00 and set an “overweight” rating for the company in a research note on Tuesday, November 25th. The Goldman Sachs Group upped their target price on Firefly Aerospace from $29.00 to $32.00 and gave the company a “neutral” rating in a research report on Tuesday, January 20th. Finally, Deutsche Bank Aktiengesellschaft raised Firefly Aerospace from a “hold” rating to a “buy” rating and lowered their price target for the stock from $40.00 to $30.00 in a research report on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Firefly Aerospace has an average rating of “Moderate Buy” and a consensus target price of $39.71.

Firefly Aerospace Price Performance

NASDAQ FLY opened at $25.20 on Tuesday. Firefly Aerospace, Inc. has a 1 year low of $16.00 and a 1 year high of $73.80. The company has a quick ratio of 6.20, a current ratio of 6.20 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $4.01 billion and a P/E ratio of -3.46. The firm’s fifty day simple moving average is $23.54.

Firefly Aerospace (NASDAQ:FLY) last released its quarterly earnings data on Wednesday, November 12th. The company reported ($0.33) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.09. The company had revenue of $30.78 million for the quarter, compared to analysts’ expectations of $28.93 million. The company’s quarterly revenue was up 37.5% on a year-over-year basis.

About Firefly Aerospace

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.