Brokerages Set Firefly Aerospace, Inc. (NASDAQ:FLY) PT at $39.71

Shares of Firefly Aerospace, Inc. (NASDAQ:FLY) have received an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $39.7143.

Several research analysts have recently commented on the stock. Morgan Stanley set a $33.00 target price on shares of Firefly Aerospace in a report on Friday, January 16th. JPMorgan Chase & Co. reduced their price target on Firefly Aerospace from $55.00 to $28.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 25th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Firefly Aerospace in a report on Monday, December 29th. Roth Mkm reissued a “buy” rating on shares of Firefly Aerospace in a report on Monday, November 24th. Finally, Deutsche Bank Aktiengesellschaft raised Firefly Aerospace from a “hold” rating to a “buy” rating and dropped their price target for the company from $40.00 to $30.00 in a research note on Thursday, November 13th.

Institutional Trading of Firefly Aerospace

Large investors have recently made changes to their positions in the company. AE Industrial Partners LP acquired a new position in Firefly Aerospace during the third quarter valued at approximately $1,063,863,000. Vanguard Group Inc. bought a new position in shares of Firefly Aerospace in the 3rd quarter valued at $53,409,000. Hudson Bay Capital Management LP bought a new position in shares of Firefly Aerospace in the 3rd quarter valued at $50,711,000. UBS Group AG raised its holdings in shares of Firefly Aerospace by 233.6% during the 4th quarter. UBS Group AG now owns 1,773,607 shares of the company’s stock worth $39,676,000 after buying an additional 1,241,987 shares in the last quarter. Finally, Capital World Investors bought a new stake in shares of Firefly Aerospace during the 3rd quarter worth $35,337,000.

Firefly Aerospace Stock Performance

FLY opened at $25.06 on Friday. The stock’s fifty day moving average price is $24.56. The firm has a market capitalization of $3.99 billion and a P/E ratio of -3.44. Firefly Aerospace has a fifty-two week low of $16.00 and a fifty-two week high of $73.80. The company has a quick ratio of 6.20, a current ratio of 6.20 and a debt-to-equity ratio of 0.03.

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 business had revenue of $30.78 million for the quarter, compared to the consensus estimate of $28.93 million. The firm’s revenue for the quarter was up 37.5% compared to the same quarter last year.

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.