25,000 Shares in Firefly Aerospace, Inc. $FLY Bought by MYDA Advisors LLC

MYDA Advisors LLC purchased a new position in Firefly Aerospace, Inc. (NASDAQ:FLYFree Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 25,000 shares of the company’s stock, valued at approximately $559,000.

Other institutional investors also recently bought and sold shares of the company. BNP Paribas Financial Markets bought a new stake in Firefly Aerospace in the third quarter worth $26,000. CIBC Private Wealth Group LLC bought a new stake in Firefly Aerospace in the third quarter worth $26,000. NBC Securities Inc. bought a new stake in Firefly Aerospace in the fourth quarter worth $38,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Firefly Aerospace in the third quarter worth $55,000. Finally, Rakuten Securities Inc. bought a new stake in Firefly Aerospace in the fourth quarter worth $69,000.

Insider Transactions at Firefly Aerospace

In other Firefly Aerospace news, General Counsel David Leigh Wheeler sold 3,766 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $45.04, for a total value of $169,620.64. Following the completion of the transaction, the general counsel directly owned 142,758 shares of the company’s stock, valued at approximately $6,429,820.32. The trade was a 2.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 7.50% of the company’s stock.

Wall Street Analysts Forecast Growth

FLY has been the subject of several research analyst reports. Roth Mkm lifted their target price on Firefly Aerospace from $35.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. UBS Group set a $33.00 price objective on Firefly Aerospace in a report on Thursday, March 12th. B. Riley Financial started coverage on Firefly Aerospace in a research note on Wednesday, May 6th. They issued a “buy” rating and a $60.00 target price on the stock. Wall Street Zen upgraded Firefly Aerospace from a “strong sell” rating to a “sell” rating in a research note on Sunday, June 7th. Finally, The Goldman Sachs Group boosted their price target on Firefly Aerospace from $29.00 to $32.00 and gave the stock a “neutral” rating in a research note on Monday, April 20th. Seven 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $42.20.

View Our Latest Analysis on Firefly Aerospace

Firefly Aerospace Price Performance

Shares of NASDAQ FLY opened at $31.87 on Monday. The business’s 50 day moving average price is $39.77 and its 200 day moving average price is $29.24. The firm has a market cap of $5.11 billion and a P/E ratio of -3.91. Firefly Aerospace, Inc. has a 52 week low of $16.00 and a 52 week high of $73.80. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.02.

Firefly Aerospace (NASDAQ:FLYGet Free Report) last issued its earnings results on Monday, May 4th. The company reported ($0.46) EPS for the quarter, beating analysts’ consensus estimates of ($0.50) by $0.04. The firm had revenue of $80.88 million for the quarter. Firefly Aerospace had a negative return on equity of 40.96% and a negative net margin of 181.16%.Firefly Aerospace’s quarterly revenue was up 44.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($5.09) EPS. On average, sell-side analysts expect that Firefly Aerospace, Inc. will post -1.95 earnings per share for the current year.

Firefly Aerospace Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Firefly Aerospace (NASDAQ:FLY)

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