The Manufacturers Life Insurance Company bought a new stake in shares of Firefly Aerospace, Inc. (NASDAQ:FLY – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 31,813 shares of the company’s stock, valued at approximately $906,000.
Other hedge funds also recently modified their holdings of the company. BNP Paribas Financial Markets bought a new position in Firefly Aerospace during the third quarter valued at $26,000. CIBC Private Wealth Group LLC bought a new stake in shares of Firefly Aerospace in the third quarter valued at $26,000. KBC Group NV purchased a new position in shares of Firefly Aerospace during the 1st quarter valued at $38,000. California State Teachers Retirement System purchased a new position in shares of Firefly Aerospace during the 4th quarter valued at $30,000. Finally, Russell Investments Group Ltd. bought a new position in shares of Firefly Aerospace during the 4th quarter worth $38,000.
Firefly Aerospace Stock Performance
Firefly Aerospace stock opened at $26.54 on Thursday. The firm’s 50 day simple moving average is $26.27 and its 200 day simple moving average is $29.45. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $4.25 billion and a PE ratio of -9.03. Firefly Aerospace, Inc. has a 1-year low of $16.00 and a 1-year high of $62.17.
Insider Buying and Selling at Firefly Aerospace
In other news, General Counsel David Leigh Wheeler sold 3,765 shares of Firefly Aerospace stock in a transaction dated Monday, May 18th. The stock was 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 owned 142,758 shares in the company, valued at approximately $6,441,240.96. This trade represents a 2.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 7.50% of the stock is currently owned by insiders.
Analyst Ratings Changes
FLY has been the topic of several recent research reports. The Goldman Sachs Group upped their price objective on shares of Firefly Aerospace from $29.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, April 20th. Morgan Stanley lifted their target price on shares of Firefly Aerospace from $33.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 5th. KeyCorp upgraded shares of Firefly Aerospace from a “sector weight” rating to an “overweight” rating and set a $50.00 price target on the stock in a research note on Monday, June 15th. Jefferies Financial Group set a $35.00 price objective on shares of Firefly Aerospace in a research note on Wednesday. Finally, Weiss Ratings raised Firefly Aerospace from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, June 25th. Seven research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Firefly Aerospace has an average rating of “Moderate Buy” and an average target price of $36.82.
Read Our Latest Research Report on Firefly Aerospace
Key Headlines Impacting Firefly Aerospace
Here are the key news stories impacting Firefly Aerospace this week:
- Positive Sentiment: Firefly reported second-quarter revenue of $117.7 million, up 659% year over year, while its adjusted loss of $0.42 per share beat the $0.50 consensus estimate. The results highlight accelerating demand across its launch and spacecraft businesses. Firefly second-quarter financial results
- Positive Sentiment: The company maintained its 2026 revenue outlook of $420 million to $450 million and said its backlog has reached approximately $1.5 billion. Management also emphasized plans to scale spacecraft production and ramp Alpha rocket manufacturing. Firefly revenue outlook and backlog
- Positive Sentiment: Firefly extended its multi-launch agreement with Lockheed Martin through 2031, covering up to 25 launches using the Alpha Block II configuration. The agreement provides longer-term customer visibility and supports the company’s production expansion. Lockheed Martin agreement extension
- Neutral Sentiment: Analyst views remain mixed. Cantor Fitzgerald reiterated an Overweight rating with a $35 target, while B. Riley maintained Buy but reduced its target to $50. Goldman Sachs analyst Noah Poponak reiterated Hold, citing ongoing cash burn and an unchanged outlook.
- Negative Sentiment: Firefly remains deeply unprofitable, reporting a negative net margin and continuing quarterly losses. Reports also noted that vehicle production is increasing even as launches lag, creating execution and cash-consumption risks during the Alpha ramp. Firefly production and launch update
Firefly Aerospace Company 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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