Swiss National Bank Makes New Investment in Firefly Aerospace, Inc. $FLY

Swiss National Bank purchased a new stake in shares of Firefly Aerospace, Inc. (NASDAQ:FLY) in the 1st quarter, Holdings Channel reports. The fund purchased 63,000 shares of the company’s stock, valued at approximately $1,794,000.

Other large investors have also recently modified their holdings of the company. BNP Paribas Financial Markets bought a new position in Firefly Aerospace in the third quarter worth approximately $26,000. CIBC Private Wealth Group LLC bought a new stake in Firefly Aerospace during the 3rd quarter valued at $26,000. California State Teachers Retirement System purchased a new stake in shares of Firefly Aerospace in the 4th quarter worth $30,000. Russell Investments Group Ltd. bought a new position in shares of Firefly Aerospace during the 4th quarter worth $38,000. Finally, NBC Securities Inc. purchased a new position in shares of Firefly Aerospace during the fourth quarter valued at $38,000.

Firefly Aerospace Trading Up 0.2%

Shares of NASDAQ:FLY opened at $20.33 on Friday. The company has a market capitalization of $3.26 billion and a PE ratio of -2.49. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.02. Firefly Aerospace, Inc. has a 12-month low of $16.00 and a 12-month high of $73.80. The business’s fifty day simple moving average is $30.10 and its 200-day simple moving average is $29.78.

Firefly Aerospace (NASDAQ:FLY) last issued its quarterly earnings data on Monday, May 4th. The company reported ($0.46) earnings per share 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 firm had revenue of $80.88 million during the quarter. During the same quarter last year, the company earned ($5.09) earnings per share. The company’s revenue for the quarter was up 44.8% compared to the same quarter last year. As a group, equities research analysts predict that Firefly Aerospace, Inc. will post -1.97 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Firefly Aerospace news, General Counsel David Leigh Wheeler sold 3,765 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $45.12, for a total value of $169,876.80. Following the completion of the transaction, the general counsel directly owned 142,758 shares in the company, valued at approximately $6,441,240.96. The trade was a 2.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 7.50% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on FLY shares. Wells Fargo & Company began coverage on Firefly Aerospace in a report on Monday, July 27th. They issued an “equal weight” rating and a $25.00 price objective for the company. KeyCorp upgraded shares of Firefly Aerospace from a “sector weight” rating to an “overweight” rating and set a $50.00 target price on the stock in a report on Monday, June 15th. Jefferies Financial Group reissued a “buy” rating and set a $52.00 target price on shares of Firefly Aerospace in a research report on Tuesday, June 2nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $35.00 price target on shares of Firefly Aerospace in a report on Tuesday, May 5th. Finally, Weiss Ratings upgraded shares of Firefly Aerospace from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, June 25th. Seven investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $40.64.

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.