PDT Partners LLC Takes Position in Firefly Aerospace, Inc. $FLY

PDT Partners LLC bought a new stake in Firefly Aerospace, Inc. (NASDAQ:FLY) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 71,527 shares of the company’s stock, valued at approximately $2,103,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FLY. Lisanti Capital Growth LLC acquired a new stake in shares of Firefly Aerospace during the second quarter worth about $3,059,000. UBS Group AG boosted its position in shares of Firefly Aerospace by 233.6% in the 4th quarter. UBS Group AG now owns 1,773,607 shares of the company’s stock valued at $39,676,000 after purchasing an additional 1,241,987 shares during the period. Quantinno Capital Management LP purchased a new position in Firefly Aerospace during the 1st quarter worth approximately $1,431,000. Royal Bank of Canada grew its stake in Firefly Aerospace by 1,803.9% during the 1st quarter. Royal Bank of Canada now owns 225,782 shares of the company’s stock worth $6,428,000 after buying an additional 213,923 shares during the last quarter. Finally, Tema ETFs LLC increased its position in Firefly Aerospace by 133,440.2% during the second quarter. Tema ETFs LLC now owns 2,280,867 shares of the company’s stock worth $67,057,000 after buying an additional 2,279,159 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Weiss Ratings raised Firefly Aerospace from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, June 25th. Morgan Stanley lifted their target price on shares of Firefly Aerospace from $33.00 to $37.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. KeyCorp upgraded shares of Firefly Aerospace from a “sector weight” rating to an “overweight” rating and set a $50.00 price target for the company in a research note on Monday, June 15th. Wells Fargo & Company began coverage on shares of Firefly Aerospace in a research report on Monday, July 27th. They set an “equal weight” rating and a $25.00 price objective on the stock. Finally, Jefferies Financial Group set a $35.00 price objective on shares of Firefly Aerospace in a research note on Wednesday, August 12th. Seven investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $36.82.

Firefly Aerospace Stock Performance

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

Firefly Aerospace (NASDAQ:FLY) last issued its earnings results on Tuesday, August 11th. The company reported ($0.42) earnings per share for the quarter, beating 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 business had revenue of $117.68 million for the quarter. During the same period in the previous year, the firm earned ($5.78) EPS. The firm’s revenue was up 659.2% on a year-over-year basis. On average, sell-side analysts predict that Firefly Aerospace, Inc. will post -1.91 earnings per share for the current 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.