104,060 Shares in Firefly Aerospace, Inc. $FLY Acquired by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC bought a new stake in shares of Firefly Aerospace, Inc. (NASDAQ:FLY) in the second quarter, HoldingsChannel reports. The institutional investor bought 104,060 shares of the company’s stock, valued at approximately $3,059,000.

A number of other hedge funds also recently added to or reduced their stakes in FLY. BlackRock Inc. bought a new position in Firefly Aerospace during the 2nd quarter worth about $173,573,000. Tema ETFs LLC lifted its position in shares of Firefly Aerospace by 133,440.2% in the 2nd quarter. Tema ETFs LLC now owns 2,280,867 shares of the company’s stock worth $67,057,000 after purchasing an additional 2,279,159 shares during the period. Vanguard Group Inc. bought a new position in shares of Firefly Aerospace during the third quarter valued at approximately $53,409,000. UBS Group AG boosted its stake in shares of Firefly Aerospace by 233.6% during the fourth quarter. UBS Group AG now owns 1,773,607 shares of the company’s stock valued at $39,676,000 after purchasing an additional 1,241,987 shares in the last quarter. Finally, Temasek Holdings Private Ltd increased its holdings in Firefly Aerospace by 151.3% during the fourth quarter. Temasek Holdings Private Ltd now owns 1,069,588 shares of the company’s stock valued at $23,927,000 after buying an additional 643,886 shares during the period.

Firefly Aerospace Trading Down 3.2%

NASDAQ:FLY opened at $25.30 on Thursday. The stock has a market capitalization of $4.24 billion and a price-to-earnings ratio of -8.61. Firefly Aerospace, Inc. has a 52 week low of $16.00 and a 52 week high of $62.17. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.02. The firm has a 50 day moving average of $25.30 and a 200 day moving average of $29.39.

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

Wall Street Analysts Forecast Growth

FLY has been the subject of a number of analyst reports. B. Riley Financial lowered their target price on Firefly Aerospace from $60.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, August 12th. Roth Capital cut their price target on Firefly Aerospace from $60.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, August 12th. KeyCorp raised Firefly Aerospace from a “sector weight” rating to an “overweight” rating and set a $50.00 price target for the company in a research report on Monday, June 15th. 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 note on Tuesday, May 5th. Finally, Weiss Ratings raised Firefly Aerospace from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, June 25th. Seven analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Firefly Aerospace currently has a consensus rating of “Moderate Buy” and an average target price of $36.82.

Firefly Aerospace 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.