Deutsche Bank AG Purchases New Position in Firefly Aerospace, Inc. $FLY

Deutsche Bank AG acquired a new position in Firefly Aerospace, Inc. (NASDAQ:FLY) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 106,093 shares of the company’s stock, valued at approximately $3,119,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FLY. Tema ETFs LLC boosted its holdings in Firefly Aerospace by 133,440.2% in the second quarter. Tema ETFs LLC now owns 2,280,867 shares of the company’s stock worth $67,057,000 after purchasing an additional 2,279,159 shares in the last quarter. Vanguard Group Inc. bought a new stake in Firefly Aerospace during the third quarter worth approximately $53,409,000. UBS Group AG boosted its position in Firefly Aerospace by 233.6% during the fourth quarter. UBS Group AG now owns 1,773,607 shares of the company’s stock worth $39,676,000 after purchasing an additional 1,241,987 shares during the period. Temasek Holdings Private Ltd grew its holdings in Firefly Aerospace by 151.3% during the fourth quarter. Temasek Holdings Private Ltd now owns 1,069,588 shares of the company’s stock valued at $23,927,000 after purchasing an additional 643,886 shares during the last quarter. Finally, Invesco Ltd. bought a new position in shares of Firefly Aerospace in the fourth quarter valued at approximately $11,607,000.

Firefly Aerospace Stock Performance

Shares of FLY stock opened at $22.26 on Thursday. The firm has a market capitalization of $3.73 billion and a P/E ratio of -7.57. Firefly Aerospace, Inc. has a 1 year low of $16.00 and a 1 year high of $62.17. The firm’s fifty day simple moving average is $24.28 and its 200 day simple moving average is $29.36. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.02.

Firefly Aerospace (NASDAQ:FLY) last posted its quarterly earnings results on Tuesday, August 11th. The company reported ($0.42) earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter. During the same quarter in the prior year, the business earned ($5.78) earnings per share. The business’s revenue for the quarter was up 659.2% on a year-over-year basis. As a group, sell-side analysts predict that Firefly Aerospace, Inc. will post -1.91 EPS for the current year.

Wall Street Analysts Forecast Growth

FLY has been the subject of a number of analyst reports. KeyCorp upgraded 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. 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. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $35.00 target price on shares of Firefly Aerospace in a report on Tuesday, May 5th. Cantor Fitzgerald restated an “overweight” rating and set a $35.00 price target on shares of Firefly Aerospace in a report on Wednesday, August 12th. Finally, Wells Fargo & Company initiated coverage on Firefly Aerospace in a research report on Monday, July 27th. They issued an “equal weight” rating and a $25.00 price target on the stock. Seven equities 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 currently has a consensus rating of “Moderate Buy” and an average price target of $36.82.

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.