Jupiter Topco LLC Makes New $732,000 Investment in Firefly Aerospace, Inc. $FLY

Jupiter Topco LLC purchased a new position in Firefly Aerospace, Inc. (NASDAQ:FLY) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 24,900 shares of the company’s stock, valued at approximately $732,000.

Several other institutional investors have also modified their holdings of the business. BNP Paribas Financial Markets acquired a new position in shares of Firefly Aerospace in the 3rd quarter valued at approximately $26,000. CIBC Private Wealth Group LLC bought a new position in Firefly Aerospace in the third quarter valued at approximately $26,000. California State Teachers Retirement System acquired a new position in shares of Firefly Aerospace in the fourth quarter valued at approximately $30,000. Russell Investments Group Ltd. bought a new stake in shares of Firefly Aerospace during the fourth quarter worth $38,000. Finally, KBC Group NV bought a new stake in shares of Firefly Aerospace during the first quarter worth $38,000.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Jefferies Financial Group set a $35.00 price objective on shares of Firefly Aerospace in a research report on Wednesday, August 12th. Roth Capital dropped their price target on Firefly Aerospace from $60.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, August 12th. B. Riley Financial reduced their price objective on Firefly Aerospace from $60.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, August 12th. Weiss Ratings upgraded Firefly Aerospace from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, June 25th. Finally, Wells Fargo & Company began coverage on Firefly Aerospace in a research report on Monday, July 27th. They issued an “equal weight” rating and a $25.00 target price on the stock. Seven research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $36.82.

Firefly Aerospace Stock Performance

Shares of NASDAQ:FLY opened at $21.67 on Monday. The company’s 50-day moving average price is $23.40 and its two-hundred day moving average price is $29.36. Firefly Aerospace, Inc. has a one year low of $16.00 and a one year high of $62.17. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.73 and a quick ratio of 2.73. The stock has a market capitalization of $3.63 billion and a PE ratio of -7.37.

Firefly Aerospace (NASDAQ:FLY) last announced its quarterly earnings data on Tuesday, August 11th. The company reported ($0.42) earnings per share for the quarter, beating the consensus estimate of ($0.50) by $0.08. Firefly Aerospace had a negative return on equity of 22.28% and a negative net margin of 126.64%.The company had revenue of $117.68 million during the quarter. During the same quarter in the previous year, the business earned ($5.78) EPS. Firefly Aerospace’s revenue was up 659.2% on a year-over-year basis. On average, equities analysts forecast that Firefly Aerospace, Inc. will post -1.91 EPS for the current fiscal year.

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.