Nissay Asset Management Corp Japan Buys New Holdings in Firefly Aerospace, Inc. $FLY

Nissay Asset Management Corp Japan purchased a new position in shares of Firefly Aerospace, Inc. (NASDAQ:FLY) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 313,052 shares of the company’s stock, valued at approximately $9,204,000. Nissay Asset Management Corp Japan owned about 0.19% of Firefly Aerospace at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of FLY. BlackRock Inc. purchased a new stake in shares of Firefly Aerospace in the 2nd quarter valued at $173,573,000. Tema ETFs LLC raised its holdings in shares of Firefly Aerospace by 133,440.2% during the second 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 last quarter. Vanguard Group Inc. acquired a new position in Firefly Aerospace during the third quarter valued at $53,409,000. UBS Group AG boosted its holdings in Firefly Aerospace by 233.6% in 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 during the last quarter. Finally, Temasek Holdings Private Ltd grew its position in Firefly Aerospace by 151.3% during the 4th quarter. Temasek Holdings Private Ltd now owns 1,069,588 shares of the company’s stock worth $23,927,000 after purchasing an additional 643,886 shares during the period.

Firefly Aerospace Stock Down 4.1%

FLY opened at $21.26 on Friday. Firefly Aerospace, Inc. has a fifty-two week low of $16.00 and a fifty-two week high of $62.17. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.73 and a current ratio of 2.73. The company has a fifty day moving average of $23.91 and a two-hundred day moving average of $29.29. The stock has a market capitalization of $3.56 billion and a price-to-earnings ratio of -7.23.

Firefly Aerospace (NASDAQ:FLY) last posted 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. Firefly Aerospace had a negative net margin of 126.64% and a negative return on equity of 22.28%. The business had revenue of $117.68 million for the quarter. During the same period in the previous year, the company earned ($5.78) earnings per share. The company’s revenue was up 659.2% compared to the same quarter last year. On average, research analysts expect that Firefly Aerospace, Inc. will post -1.91 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Jefferies Financial Group set a $35.00 price objective on Firefly Aerospace in a research note on Wednesday, August 12th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $35.00 target price on shares of Firefly Aerospace in a report on Wednesday, August 12th. KeyCorp upgraded 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. Wall Street Zen raised Firefly Aerospace from a “sell” rating to a “hold” rating in a report on Sunday, August 23rd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $35.00 price objective on shares of Firefly Aerospace in a research report on Tuesday, May 5th. Seven research 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 data from MarketBeat.com, Firefly Aerospace currently has an average rating of “Moderate Buy” and an average price target of $36.82.

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.