Firefly Aerospace (NASDAQ:FLY – Free Report) had its target price cut by B. Riley Financial from $60.00 to $50.00 in a research report released on Wednesday,Benzinga reports. They currently have a buy rating on the stock.
Other analysts have also issued reports about the stock. The Goldman Sachs Group boosted their price target on shares of Firefly Aerospace from $29.00 to $32.00 and gave the stock a “neutral” rating in a research note on Monday, April 20th. Cantor Fitzgerald restated an “overweight” rating and issued a $35.00 price objective on shares of Firefly Aerospace in a report on Wednesday. KeyCorp raised shares of Firefly Aerospace from a “sector weight” rating to an “overweight” rating and set a $50.00 target price on the stock in a research note on Monday, June 15th. Wall Street Zen upgraded shares of Firefly Aerospace from a “strong sell” rating to a “sell” rating in a report on Sunday, June 7th. Finally, Weiss Ratings raised Firefly Aerospace from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, June 25th. Seven equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $36.82.
View Our Latest Research Report on FLY
Firefly Aerospace Trading Down 0.4%
Firefly Aerospace (NASDAQ:FLY – Get Free Report) last issued its quarterly earnings data on Tuesday, August 11th. The company reported ($0.42) EPS 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 126.64% and a negative return on equity of 22.28%. The business’s revenue was up 659.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($5.78) earnings per share. On average, analysts predict that Firefly Aerospace will post -1.86 EPS for the current year.
Insider Transactions at Firefly Aerospace
In other news, General Counsel David Leigh Wheeler sold 3,765 shares of Firefly Aerospace stock in a transaction on Monday, May 18th. The shares were sold at an average price of $45.12, for a total value of $169,876.80. Following the transaction, the general counsel directly owned 142,758 shares of the company’s stock, valued at $6,441,240.96. The trade was a 2.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 7.50% of the stock is owned by corporate insiders.
Institutional Trading of Firefly Aerospace
Several large investors have recently modified their holdings of FLY. BlackRock Inc. purchased a new position in Firefly Aerospace during the second quarter worth about $173,573,000. Tema ETFs LLC increased its position in shares of Firefly Aerospace by 133,440.2% in the second quarter. Tema ETFs LLC now owns 2,280,867 shares of the company’s stock worth $67,057,000 after acquiring an additional 2,279,159 shares in the last quarter. Vanguard Group Inc. purchased a new position in shares of Firefly Aerospace in the 3rd quarter valued at $53,409,000. UBS Group AG lifted its holdings in shares of Firefly Aerospace by 233.6% during the 4th quarter. UBS Group AG now owns 1,773,607 shares of the company’s stock valued at $39,676,000 after acquiring an additional 1,241,987 shares in the last quarter. Finally, Temasek Holdings Private Ltd increased its holdings in Firefly Aerospace by 151.3% in the 4th quarter. Temasek Holdings Private Ltd now owns 1,069,588 shares of the company’s stock valued at $23,927,000 after purchasing an additional 643,886 shares in the last quarter.
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.
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