Wall Street Zen upgraded shares of Firefly Aerospace (NASDAQ:FLY – Free Report) from a strong sell rating to a sell rating in a report issued on Saturday.
FLY has been the topic of several other reports. Morgan Stanley upped their price target on Firefly Aerospace from $33.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 5th. The Goldman Sachs Group raised their price objective on Firefly Aerospace from $29.00 to $32.00 and gave the company a “neutral” rating in a research report on Monday, April 20th. B. Riley Financial reduced their target price on shares of Firefly Aerospace from $60.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, August 12th. Roth Capital decreased their price target on shares of Firefly Aerospace from $60.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday, August 12th. Finally, Weiss Ratings raised shares of Firefly Aerospace from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, June 25th. Seven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Firefly Aerospace currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.82.
View Our Latest Stock Report on FLY
Firefly Aerospace Stock Performance
Firefly Aerospace (NASDAQ:FLY – Get Free Report) last posted its earnings results on Tuesday, August 11th. The company reported ($0.42) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.50) by $0.08. Firefly Aerospace had a negative return on equity of 22.28% and a negative net margin of 126.64%.The firm had revenue of $117.68 million for the quarter. During the same quarter last year, the company posted ($5.78) EPS. The firm’s revenue was up 659.2% on a year-over-year basis. On average, analysts anticipate that Firefly Aerospace will post -1.91 EPS for the current fiscal year.
Hedge Funds Weigh In On Firefly Aerospace
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Capstone Investment Advisors LLC purchased a new stake in Firefly Aerospace during the 2nd quarter valued at $6,612,000. Parvin Asset Management LLC bought a new position in shares of Firefly Aerospace during the 2nd quarter valued at $103,000. Corient Private Wealth LP purchased a new position in shares of Firefly Aerospace in the 2nd quarter worth $688,000. Bank of America Corp DE bought a new stake in shares of Firefly Aerospace in the second quarter worth $6,373,000. Finally, Man Group plc bought a new stake in shares of Firefly Aerospace in the second quarter worth $3,730,000.
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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