Analysts Set Firefly Aerospace, Inc. (NASDAQ:FLY) Target Price at $39.71

Firefly Aerospace, Inc. (NASDAQ:FLY) has been given an average rating of “Moderate Buy” by the ten analysts that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $39.7143.

A number of brokerages have commented on FLY. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Firefly Aerospace in a report on Monday, December 29th. JPMorgan Chase & Co. decreased their price target on shares of Firefly Aerospace from $55.00 to $28.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 25th. KeyCorp assumed coverage on shares of Firefly Aerospace in a research report on Thursday, December 18th. They set a “sector weight” rating on the stock. Morgan Stanley set a $33.00 price objective on shares of Firefly Aerospace in a report on Friday, January 16th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Firefly Aerospace from a “hold” rating to a “buy” rating and lowered their target price for the stock from $40.00 to $30.00 in a report on Thursday, November 13th.

Institutional Trading of Firefly Aerospace

Large investors have recently modified their holdings of the stock. Virtu Financial LLC increased its position in shares of Firefly Aerospace by 104.0% in the fourth quarter. Virtu Financial LLC now owns 14,824 shares of the company’s stock worth $332,000 after purchasing an additional 7,556 shares during the period. Invesco Ltd. acquired a new stake in Firefly Aerospace during the fourth quarter worth about $11,607,000. VARCOV Co. bought a new position in Firefly Aerospace in the 4th quarter valued at about $262,000. Concentric Capital Strategies LP acquired a new position in shares of Firefly Aerospace in the 4th quarter valued at approximately $2,061,000. Finally, Balyasny Asset Management L.P. bought a new stake in shares of Firefly Aerospace during the 4th quarter worth approximately $10,230,000.

Firefly Aerospace Stock Down 10.5%

Shares of FLY stock opened at $19.27 on Tuesday. Firefly Aerospace has a 12-month low of $16.00 and a 12-month high of $73.80. The firm has a market capitalization of $3.07 billion and a P/E ratio of -2.65. The stock’s 50 day moving average is $25.10. The company has a debt-to-equity ratio of 0.03, a current ratio of 6.20 and a quick ratio of 6.20.

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.