Tema ETFs LLC lifted its position in Firefly Aerospace, Inc. (NASDAQ:FLY – Free Report) by 133,440.2% during the second quarter, Holdings Channel reports. The institutional investor owned 2,280,867 shares of the company’s stock after buying an additional 2,279,159 shares during the quarter. Firefly Aerospace makes up approximately 2.2% of Tema ETFs LLC’s investment portfolio, making the stock its 7th largest position. Tema ETFs LLC’s holdings in Firefly Aerospace were worth $67,057,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. BNP Paribas Financial Markets bought a new stake in Firefly Aerospace in the third quarter worth about $26,000. CIBC Private Wealth Group LLC bought a new position in shares of Firefly Aerospace during the 3rd quarter valued at about $26,000. California State Teachers Retirement System acquired a new position in shares of Firefly Aerospace in the 4th quarter worth approximately $30,000. NBC Securities Inc. bought a new stake in shares of Firefly Aerospace in the 4th quarter worth approximately $38,000. Finally, KBC Group NV bought a new stake in shares of Firefly Aerospace in the 1st quarter worth approximately $38,000.
Key Headlines Impacting Firefly Aerospace
Here are the key news stories impacting Firefly Aerospace this week:
- Positive Sentiment: Strong Q2 performance: Firefly reported revenue of $117.7 million, up 659% year over year, while adjusted EPS of $(0.42) beat the consensus estimate of $(0.50) by $0.08. The results were described as a “double beat,” providing evidence of accelerating demand across its launch and space systems businesses. Firefly Aerospace Delivers Q2 Double Beat as Revenue Soars 650%
- Positive Sentiment: Lockheed Martin contract extended: Firefly extended its multi-launch agreement with Lockheed Martin through 2031. The deal covers up to 25 launches using Firefly’s Alpha Block II rocket, strengthening long-term revenue visibility and validating the company’s launch technology. Firefly Aerospace Announces Extension of Multi-Launch Agreement with Lockheed Martin Through 2031
- Positive Sentiment: Operational momentum: Firefly highlighted increased production capacity for carbon-composite tanks and structures, along with launch and spacecraft vehicles in assembly. Its Blue Ghost lunar program and national-security demand remain important growth catalysts.
- Neutral Sentiment: Revenue outlook broadly supports growth: Firefly issued fiscal 2026 revenue guidance of $420 million to $450 million. The midpoint is slightly below the $440.2 million analyst consensus, but the range still implies substantial expansion; no meaningful EPS guidance was provided.
- Negative Sentiment: Profitability remains weak: Despite the earnings beat, Firefly continues to report substantial losses, including a negative net margin of 181.16% and negative return on equity of 40.96%. Investors may remain focused on whether rapid expansion can eventually translate into positive cash flow.
- Negative Sentiment: Shareholder investigation: Johnson Fistel announced an investigation into potential fiduciary-duty breaches by Firefly officers and directors. The announcement does not establish wrongdoing but adds legal and governance risk. Johnson Fistel Shareholder Investigation
Firefly Aerospace Stock Up 2.3%
Firefly Aerospace (NASDAQ:FLY – Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The company reported ($0.42) earnings per share for the quarter, topping the consensus estimate of ($0.50) by $0.08. The firm had revenue of $117.68 million for the quarter. Firefly Aerospace had a negative net margin of 181.16% and a negative return on equity of 40.96%. The company’s revenue for the quarter was up 659.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($5.78) earnings per share. As a group, research analysts expect that Firefly Aerospace, Inc. will post -1.83 earnings per share for the current year.
Analysts Set New Price Targets
FLY has been the subject of a number of research reports. 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. B. Riley Financial assumed coverage on Firefly Aerospace in a research note on Wednesday, May 6th. They set a “buy” rating and a $60.00 price objective for the company. The Goldman Sachs Group lifted their target price on Firefly Aerospace from $29.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, April 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $35.00 target price on shares of Firefly Aerospace in a report on Tuesday, May 5th. 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 for the company. Seven 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 company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $40.64.
View Our Latest Stock Analysis on FLY
Insider Buying and Selling at Firefly Aerospace
In related news, General Counsel David Leigh Wheeler sold 3,765 shares of the company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $45.12, for a total transaction of $169,876.80. Following the transaction, the general counsel directly owned 142,758 shares of the company’s stock, valued at approximately $6,441,240.96. The trade was a 2.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 7.50% of the company’s stock.
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.
Featured Articles
- Five stocks we like better than Firefly Aerospace
- Atlassian Just Pulled Off the Software Comeback Wall Street Wanted
- AST SpaceMobile Earnings Just Reminded Investors How Risky Space Can Be
- NVIDIA’s Rally Sets Up a Bigger Test Ahead of Earnings
- Apple’s Next iPhone Could Test How Much Pricing Power Is Left
Want to see what other hedge funds are holding FLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Firefly Aerospace, Inc. (NASDAQ:FLY – Free Report).
Receive News & Ratings for Firefly Aerospace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Firefly Aerospace and related companies with MarketBeat.com's FREE daily email newsletter.
