EFG International AG Invests $3.26 Million in Firefly Aerospace, Inc. $FLY

EFG International AG purchased a new stake in Firefly Aerospace, Inc. (NASDAQ:FLY) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 110,677 shares of the company’s stock, valued at approximately $3,256,000.

A number of other hedge funds have also recently bought and sold shares of FLY. PDT Partners LLC bought a new position in Firefly Aerospace in the second quarter valued at about $2,103,000. Legal & General Group Plc acquired a new position in Firefly Aerospace in the second quarter valued at approximately $1,316,000. The Manufacturers Life Insurance Company acquired a new stake in Firefly Aerospace during the 2nd quarter worth $1,498,000. Algert Global LLC acquired a new position in shares of Firefly Aerospace in the 2nd quarter valued at $987,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Firefly Aerospace during the second quarter worth $745,000.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on FLY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $35.00 price target on shares of Firefly Aerospace in a research report on Tuesday, May 5th. Wall Street Zen upgraded Firefly Aerospace from a “sell” rating to a “hold” rating in a report on Sunday. B. Riley Financial reduced their price target on shares of Firefly Aerospace from $60.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, August 12th. Cantor Fitzgerald reiterated an “overweight” rating and set a $35.00 target price on shares of Firefly Aerospace in a report on Wednesday, August 12th. Finally, Weiss Ratings upgraded shares of Firefly Aerospace from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, June 25th. Seven investment 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, the company presently has an average rating of “Moderate Buy” and an average target price of $36.82.

Firefly Aerospace Stock Performance

NASDAQ FLY opened at $22.26 on Thursday. Firefly Aerospace, Inc. has a 12-month low of $16.00 and a 12-month high of $62.17. The firm has a 50-day moving average price of $24.28 and a two-hundred day moving average price of $29.36. The company has a market capitalization of $3.73 billion and a P/E ratio of -7.57. 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 quarterly earnings results on Tuesday, August 11th. The company reported ($0.42) earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $117.68 million during the quarter. During the same quarter in the previous year, the firm posted ($5.78) earnings per share. The firm’s quarterly revenue was up 659.2% on a year-over-year basis. Analysts anticipate that Firefly Aerospace, Inc. will post -1.91 earnings per share for the current year.

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.