The Manufacturers Life Insurance Company Buys Shares of 50,939 Firefly Aerospace, Inc. $FLY

The Manufacturers Life Insurance Company purchased a new stake in Firefly Aerospace, Inc. (NASDAQ:FLY) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 50,939 shares of the company’s stock, valued at approximately $1,498,000.

Several other hedge funds have also recently modified their holdings of the business. BNP Paribas Financial Markets bought a new position in shares of Firefly Aerospace during the third quarter valued at approximately $26,000. CIBC Private Wealth Group LLC purchased a new stake in Firefly Aerospace during the third quarter worth $26,000. California State Teachers Retirement System purchased a new stake in Firefly Aerospace during the fourth quarter worth $30,000. KBC Group NV bought a new stake in Firefly Aerospace during the 1st quarter valued at $38,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of Firefly Aerospace in the 4th quarter valued at $38,000.

Firefly Aerospace Stock Performance

Shares of FLY stock opened at $21.06 on Friday. Firefly Aerospace, Inc. has a 12-month low of $16.00 and a 12-month high of $62.17. The business’s fifty day simple moving average is $23.48 and its 200-day simple moving average is $29.34. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.02. The company has a market cap of $3.53 billion and a PE ratio of -7.16.

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 analysts’ consensus estimates 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 during the quarter. During the same period in the previous year, the business earned ($5.78) EPS. The firm’s revenue for the quarter was up 659.2% compared to the same quarter last year. Analysts expect that Firefly Aerospace, Inc. will post -1.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on FLY shares. KeyCorp raised Firefly Aerospace from a “sector weight” rating to an “overweight” rating and set a $50.00 price target for the company in a research report on Monday, June 15th. Weiss Ratings raised Firefly Aerospace from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, June 25th. Roth Capital cut their target price on Firefly Aerospace from $60.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, August 12th. Jefferies Financial Group set a $35.00 target price on shares of Firefly Aerospace in a report on Wednesday, August 12th. Finally, Wall Street Zen raised shares of Firefly Aerospace from a “sell” rating to a “hold” rating in a research report on Sunday, August 23rd. Seven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Firefly Aerospace presently has a consensus rating of “Moderate Buy” and an average price target of $36.82.

Firefly Aerospace 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.