Y Intercept Hong Kong Ltd Acquires New Holdings in Firefly Aerospace, Inc. $FLY

Y Intercept Hong Kong Ltd bought a new position in shares of Firefly Aerospace, Inc. (NASDAQ:FLY – Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 26,282 shares of the company’s stock, valued at approximately $748,000.

Several other institutional investors also recently modified their holdings of the stock. Penney Financial LLC bought a new position in shares of Firefly Aerospace in the 1st quarter valued at $649,000. SG Americas Securities LLC increased its holdings in Firefly Aerospace by 96.1% in the 1st quarter. SG Americas Securities LLC now owns 19,065 shares of the company’s stock worth $543,000 after purchasing an additional 9,344 shares in the last quarter. Thompson Davis & CO. Inc. acquired a new position in Firefly Aerospace in the 1st quarter worth about $220,000. Rockefeller Capital Management L.P. bought a new position in Firefly Aerospace in the fourth quarter valued at about $136,000. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of Firefly Aerospace by 140.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 28,689 shares of the company’s stock valued at $642,000 after purchasing an additional 16,745 shares in the last quarter.

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Firefly Aerospace Price Performance

Firefly Aerospace stock opened at $24.09 on Monday. The stock’s 50 day moving average is $35.96 and its 200 day moving average is $30.37. Firefly Aerospace, Inc. has a one year low of $16.00 and a one year high of $73.80. The firm has a market cap of $3.86 billion and a P/E ratio of -2.96. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.53 and a quick ratio of 2.53.

Firefly Aerospace (NASDAQ:FLY – Get Free Report) last released its earnings results on Monday, May 4th. The company reported ($0.46) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.50) by $0.04. Firefly Aerospace had a negative net margin of 181.16% and a negative return on equity of 40.96%. The business had revenue of $80.88 million during the quarter. During the same period in the prior year, the company posted ($5.09) EPS. The business’s revenue for the quarter was up 44.8% compared to the same quarter last year. As a group, research analysts expect that Firefly Aerospace, Inc. will post -1.97 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on FLY. Morgan Stanley boosted their price target on Firefly Aerospace from $33.00 to $37.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 5th. Wall Street Zen upgraded shares of Firefly Aerospace from a “strong sell” rating to a “sell” rating in a research report on Sunday, June 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $35.00 target price on shares of Firefly Aerospace in a report on Tuesday, May 5th. Roth Capital upped their price target on shares of Firefly Aerospace from $35.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Finally, B. Riley Financial began coverage on shares of Firefly Aerospace in a research note on Wednesday, May 6th. They set a “buy” rating and a $60.00 price target for the company. Seven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $42.20.

Check Out Our Latest Research Report on FLY

Insider Activity at Firefly Aerospace

In other news, General Counsel David Leigh Wheeler sold 3,765 shares of the stock in a transaction on Monday, May 18th. The shares were sold at an average price of $45.12, for a total transaction of $169,876.80. Following the completion of the sale, the general counsel directly owned 142,758 shares in the company, valued at $6,441,240.96. This represents a 2.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 7.50% of the company’s stock.

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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