Handelsbanken Fonder AB Invests $738,000 in Firefly Aerospace, Inc. $FLY

Handelsbanken Fonder AB acquired a new stake in shares of Firefly Aerospace, Inc. (NASDAQ:FLY) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 25,100 shares of the company’s stock, valued at approximately $738,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. purchased a new stake in Firefly Aerospace in the third quarter worth approximately $53,409,000. UBS Group AG lifted its holdings in shares of Firefly Aerospace by 233.6% during the 4th quarter. UBS Group AG now owns 1,773,607 shares of the company’s stock valued at $39,676,000 after buying an additional 1,241,987 shares during the period. Temasek Holdings Private Ltd lifted its holdings in shares of Firefly Aerospace by 151.3% during the 4th 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. Invesco Ltd. purchased a new position in shares of Firefly Aerospace in the 4th quarter worth $11,607,000. Finally, Balyasny Asset Management L.P. bought a new position in Firefly Aerospace in the fourth quarter valued at about $10,230,000.

Analyst Upgrades and Downgrades

FLY has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $35.00 price target on shares of Firefly Aerospace in a research note on Tuesday, May 5th. Roth Capital lowered their price objective on shares of Firefly Aerospace from $60.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, August 12th. Jefferies Financial Group set a $35.00 price target on shares of Firefly Aerospace in a research note on Wednesday, August 12th. Weiss Ratings raised shares of Firefly Aerospace from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, June 25th. Finally, 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 target price on the stock. Seven research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Firefly Aerospace presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.82.

Firefly Aerospace Price Performance

NASDAQ:FLY opened at $23.63 on Friday. The business’s 50-day simple moving average is $24.99 and its two-hundred day simple moving average is $29.38. Firefly Aerospace, Inc. has a 52 week low of $16.00 and a 52 week high of $62.17. The stock has a market cap of $3.96 billion and a PE ratio of -8.04. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.02.

Firefly Aerospace (NASDAQ:FLY) last released its 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 firm had revenue of $117.68 million during the quarter. Firefly Aerospace had a negative return on equity of 22.28% and a negative net margin of 126.64%.The business’s revenue for the quarter was up 659.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($5.78) EPS. As a group, analysts forecast that Firefly Aerospace, Inc. will post -1.91 EPS for the current fiscal year.

Firefly Aerospace Company 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.