Lbp Am Sa Makes New Investment in Firefly Aerospace, Inc. $FLY

Lbp Am Sa acquired a new stake in shares of Firefly Aerospace, Inc. (NASDAQ:FLY) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 61,238 shares of the company’s stock, valued at approximately $1,795,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Teacher Retirement System of Texas purchased a new position in Firefly Aerospace during the third quarter valued at $3,836,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Firefly Aerospace during the 3rd quarter valued at about $293,000. Finally, Canal Insurance CO purchased a new position in shares of Firefly Aerospace during the third quarter valued at about $293,000.

Firefly Aerospace Stock Performance

NASDAQ:FLY opened at $29.35 on Wednesday. Firefly Aerospace, Inc. has a fifty-two week low of $16.00 and a fifty-two week high of $73.80. The stock has a market cap of $4.67 billion and a price-to-earnings ratio of -4.03. The company has a quick ratio of 6.20, a current ratio of 6.20 and a debt-to-equity ratio of 0.03. The firm’s fifty day moving average is $23.73.

Firefly Aerospace (NASDAQ:FLY) last released its quarterly earnings results on Wednesday, November 12th. The company reported ($0.33) EPS for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.09. The firm had revenue of $30.78 million for the quarter, compared to analysts’ expectations of $28.93 million. The firm’s revenue was up 37.5% on a year-over-year basis.

Wall Street Analyst Weigh In

FLY has been the subject of a number of research reports. JPMorgan Chase & Co. dropped their price target on Firefly Aerospace from $55.00 to $28.00 and set an “overweight” rating for the company in a research note on Tuesday, November 25th. Deutsche Bank Aktiengesellschaft upgraded Firefly Aerospace from a “hold” rating to a “buy” rating and lowered their target price for the company from $40.00 to $30.00 in a research report on Thursday, November 13th. Morgan Stanley set a $33.00 price target on shares of Firefly Aerospace in a research report on Friday, January 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Firefly Aerospace in a research report on Monday, December 29th. Finally, Roth Mkm restated a “buy” rating on shares of Firefly Aerospace in a report on Monday, November 24th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $39.71.

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.