Jupiter Topco LLC Makes New $732,000 Investment in Firefly Aerospace, Inc. $FLY

Jupiter Topco LLC acquired a new stake in Firefly Aerospace, Inc. (NASDAQ:FLY) in the second quarter, HoldingsChannel reports. The fund acquired 24,900 shares of the company’s stock, valued at approximately $732,000.

Several other institutional investors also recently modified their holdings of the company. EFG International AG bought a new stake in shares of Firefly Aerospace in the 2nd quarter valued at about $3,256,000. PDT Partners LLC acquired a new position in Firefly Aerospace during the second quarter worth approximately $2,103,000. Legal & General Group Plc bought a new stake in Firefly Aerospace in the second quarter valued at approximately $1,316,000. The Manufacturers Life Insurance Company bought a new stake in Firefly Aerospace in the second quarter valued at approximately $1,498,000. Finally, Algert Global LLC acquired a new stake in shares of Firefly Aerospace in the second quarter valued at approximately $987,000.

Firefly Aerospace Stock Performance

FLY opened at $21.67 on Monday. 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 has a fifty day simple moving average of $23.40 and a 200 day simple moving average of $29.36. Firefly Aerospace, Inc. has a 1 year low of $16.00 and a 1 year high of $62.17. The company has a market capitalization of $3.63 billion and a PE ratio of -7.37.

Firefly Aerospace (NASDAQ:FLY) last posted its quarterly earnings data on Tuesday, August 11th. The company reported ($0.42) earnings per share for the quarter, topping the consensus estimate of ($0.50) by $0.08. Firefly Aerospace had a negative return on equity of 22.28% and a negative net margin of 126.64%.The firm had revenue of $117.68 million for the quarter. During the same quarter in the previous year, the business earned ($5.78) EPS. The firm’s quarterly revenue was up 659.2% on a year-over-year basis. Research analysts expect that Firefly Aerospace, Inc. will post -1.91 EPS for the current year.

Analyst Upgrades and Downgrades

FLY has been the topic of a number of recent analyst reports. Wall Street Zen raised Firefly Aerospace from a “sell” rating to a “hold” rating in a report on Sunday, August 23rd. Jefferies Financial Group set a $35.00 price objective on shares of Firefly Aerospace in a research report on Wednesday, August 12th. KeyCorp upgraded shares of Firefly Aerospace from a “sector weight” rating to an “overweight” rating and set a $50.00 price objective on the stock in a report on Monday, June 15th. B. Riley Financial cut their target price on shares of Firefly Aerospace from $60.00 to $50.00 and set a “buy” rating for the company in a research note 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 equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $36.82.

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.