Man Group plc purchased a new stake in Firefly Aerospace, Inc. (NASDAQ:FLY – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 126,887 shares of the company’s stock, valued at approximately $3,730,000. Man Group plc owned approximately 0.08% of Firefly Aerospace as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Firefly Aerospace in the 2nd quarter worth about $173,573,000. Tema ETFs LLC raised its stake in 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 buying an additional 2,279,159 shares in the last quarter. Vanguard Group Inc. purchased a new stake in Firefly Aerospace in the third quarter worth about $53,409,000. UBS Group AG boosted its position in 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 grew its holdings in shares of Firefly Aerospace by 151.3% during the 4th quarter. Temasek Holdings Private Ltd now owns 1,069,588 shares of the company’s stock worth $23,927,000 after acquiring an additional 643,886 shares during the period.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on FLY shares. Jefferies Financial Group set a $35.00 target price on Firefly Aerospace in a research note on Wednesday, August 12th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $35.00 price target on shares of Firefly Aerospace in a research note on Wednesday, August 12th. Wells Fargo & Company initiated coverage on shares of Firefly Aerospace in a research note on Monday, July 27th. They set an “equal weight” rating and a $25.00 price objective on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $35.00 target price on shares of Firefly Aerospace in a research note on Tuesday, May 5th. Finally, B. Riley Financial dropped their price target on Firefly Aerospace from $60.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, August 12th. Seven investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Firefly Aerospace has a consensus rating of “Moderate Buy” and a consensus target price of $36.82.
Firefly Aerospace Price Performance
FLY opened at $21.26 on Monday. The firm has a market cap of $3.56 billion and a PE ratio of -7.23. The stock has a 50-day moving average price of $23.91 and a 200-day moving average price of $29.33. Firefly Aerospace, Inc. has a 1 year low of $16.00 and a 1 year high of $62.17. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.73 and a quick ratio of 2.73.
Firefly Aerospace (NASDAQ:FLY – Get Free Report) last announced its quarterly earnings data on Tuesday, August 11th. The company reported ($0.42) EPS for the quarter, beating the consensus estimate of ($0.50) by $0.08. The company 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 for the quarter was up 659.2% compared to the same quarter last year. During the same period last year, the company posted ($5.78) earnings per share. Sell-side analysts predict that Firefly Aerospace, Inc. will post -1.91 earnings per share for the current fiscal year.
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.
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