Firefly Aerospace, Inc. (NASDAQ:FLY) Receives Average Recommendation of “Hold” from Brokerages

Firefly Aerospace, Inc. (NASDAQ:FLY) has been given an average rating of “Hold” by the eleven brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $40.5556.

Several brokerages recently issued reports on FLY. Jefferies Financial Group boosted their price target on shares of Firefly Aerospace from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Monday, April 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $35.00 price target on shares of Firefly Aerospace in a research report on Tuesday. Roth Mkm boosted their price target on shares of Firefly Aerospace from $35.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, April 17th. UBS Group set a $33.00 price target on Firefly Aerospace in a research note on Thursday, March 12th. Finally, Wall Street Zen cut Firefly Aerospace from a “hold” rating to a “sell” rating in a research note on Saturday.

Firefly Aerospace Price Performance

FLY stock opened at $39.68 on Friday. The firm’s 50-day moving average price is $29.66 and its two-hundred day moving average price is $25.56. Firefly Aerospace has a 12-month low of $16.00 and a 12-month high of $73.80. The stock has a market capitalization of $6.36 billion and a price-to-earnings ratio of -4.87. The company has a current ratio of 2.53, a quick ratio of 4.51 and a debt-to-equity ratio of 0.02.

Firefly Aerospace (NASDAQ:FLY) last released its quarterly earnings data on Monday, May 4th. The company reported ($0.46) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.50) by $0.04. Firefly Aerospace had a negative net margin of 181.16% and a negative return on equity of 40.96%. The firm had revenue of $80.88 million for the quarter. During the same quarter in the previous year, the firm posted ($5.09) EPS. Firefly Aerospace’s revenue was up 44.8% compared to the same quarter last year. As a group, equities analysts predict that Firefly Aerospace will post -1.81 earnings per share for the current year.

Insiders Place Their Bets

In related news, General Counsel David Leigh Wheeler sold 3,766 shares of the company’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $45.04, for a total value of $169,620.64. Following the sale, the general counsel directly owned 142,758 shares of the company’s stock, valued at $6,429,820.32. This represents a 2.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 7.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Firefly Aerospace

A number of hedge funds and other institutional investors have recently bought and sold shares of FLY. Canal Insurance CO purchased a new stake in Firefly Aerospace in the third quarter worth about $293,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Firefly Aerospace in the third quarter worth about $293,000. Teacher Retirement System of Texas purchased a new stake in Firefly Aerospace in the third quarter worth about $3,836,000. LBP AM SA purchased a new stake in Firefly Aerospace in the third quarter worth about $1,795,000. Finally, Phoenix Financial Ltd. purchased a new stake in Firefly Aerospace in the third quarter worth about $14,468,000.

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.