Firefly Aerospace (NASDAQ:FLY) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Firefly Aerospace (NASDAQ:FLY) from a sell rating to a hold rating in a report published on Sunday.

FLY has been the topic of several other research reports. Wells Fargo & Company initiated coverage on shares of Firefly Aerospace in a research note on Monday, July 27th. They issued an “equal weight” rating and a $25.00 target price on the stock. Cantor Fitzgerald reiterated an “overweight” rating and set a $35.00 price target on shares of Firefly Aerospace in a report 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. KeyCorp raised shares of Firefly Aerospace from a “sector weight” rating to an “overweight” rating and set a $50.00 price objective for the company in a research note on Monday, June 15th. Finally, Morgan Stanley upped their target price on Firefly Aerospace from $33.00 to $37.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. Seven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $36.82.

Firefly Aerospace Trading Down 3.6%

Shares of NASDAQ FLY opened at $22.26 on Friday. Firefly Aerospace has a 1-year low of $16.00 and a 1-year high of $62.17. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.73 and a quick ratio of 2.73. The business’s 50 day moving average is $24.46 and its two-hundred day moving average is $29.36. The stock has a market capitalization of $3.73 billion and a P/E ratio of -7.57.

Firefly Aerospace (NASDAQ:FLY) last announced its earnings results on Tuesday, August 11th. The company reported ($0.42) EPS for the quarter, topping analysts’ consensus estimates 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%.Firefly Aerospace’s revenue for the quarter was up 659.2% compared to the same quarter last year. During the same quarter last year, the firm posted ($5.78) EPS. As a group, research analysts expect that Firefly Aerospace will post -1.91 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in FLY. Carlson Financial Inc. lifted its stake in shares of Firefly Aerospace by 8.8% during the 2nd quarter. Carlson Financial Inc. now owns 8,211 shares of the company’s stock worth $241,000 after purchasing an additional 667 shares during the last quarter. California State Teachers Retirement System grew its stake in Firefly Aerospace by 6,006.0% in the second quarter. California State Teachers Retirement System now owns 1,904,414 shares of the company’s stock valued at $55,990,000 after purchasing an additional 1,873,225 shares during the last quarter. Werlinich Asset Management LLC purchased a new position in Firefly Aerospace in the second quarter valued at about $593,000. Concurrent Investment Advisors LLC bought a new position in Firefly Aerospace in the second quarter worth about $997,000. Finally, Wedbush Securities Inc. raised its holdings in Firefly Aerospace by 83.9% in the second quarter. Wedbush Securities Inc. now owns 13,425 shares of the company’s stock worth $395,000 after purchasing an additional 6,125 shares in the last quarter.

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.