MYDA Advisors LLC Purchases Shares of 25,000 Firefly Aerospace, Inc. $FLY

MYDA Advisors LLC purchased a new stake in Firefly Aerospace, Inc. (NASDAQ:FLY) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 25,000 shares of the company’s stock, valued at approximately $559,000.

A number of other large investors also recently bought and sold shares of the stock. AE Industrial Partners LP acquired a new position in shares of Firefly Aerospace during the 3rd quarter worth approximately $1,063,863,000. Vanguard Group Inc. acquired a new stake in shares of Firefly Aerospace in the 3rd quarter worth $53,409,000. Hudson Bay Capital Management LP acquired a new stake in shares of Firefly Aerospace in the 3rd quarter worth $50,711,000. UBS Group AG increased its stake in shares of Firefly Aerospace by 233.6% in the 4th quarter. UBS Group AG now owns 1,773,607 shares of the company’s stock worth $39,676,000 after acquiring an additional 1,241,987 shares during the last quarter. Finally, Capital World Investors acquired a new stake in shares of Firefly Aerospace in the 3rd quarter worth $35,337,000.

Insider Buying and Selling at Firefly Aerospace

In other news, General Counsel David Leigh Wheeler sold 3,766 shares of the stock in a transaction on Friday, April 17th. The stock was sold at an average price of $45.04, for a total transaction of $169,620.64. Following the completion of the transaction, the general counsel directly owned 142,758 shares in the company, valued at approximately $6,429,820.32. This represents a 2.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 7.50% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Weiss Ratings downgraded Firefly Aerospace from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, April 24th. KeyCorp raised Firefly Aerospace from a “sector weight” rating to an “overweight” rating and set a $50.00 target price for the company in a research note on Monday. UBS Group set a $33.00 target price on Firefly Aerospace in a research note on Thursday, March 12th. B. Riley Financial assumed coverage on Firefly Aerospace in a research note on Wednesday, May 6th. They issued a “buy” rating and a $60.00 target price for the company. Finally, Cantor Fitzgerald cut their target price on Firefly Aerospace from $65.00 to $35.00 and set an “overweight” rating for the company in a research note on Thursday, March 26th. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Firefly Aerospace currently has a consensus rating of “Moderate Buy” and an average target price of $42.20.

Firefly Aerospace Stock Performance

NASDAQ FLY opened at $31.87 on Monday. The stock has a market cap of $5.11 billion and a PE ratio of -3.91. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.02. Firefly Aerospace, Inc. has a twelve month low of $16.00 and a twelve month high of $73.80. The stock has a fifty day simple moving average of $39.77 and a 200-day simple moving average of $29.24.

Firefly Aerospace (NASDAQ:FLY) last released its quarterly earnings results on Monday, May 4th. The company reported ($0.46) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.50) by $0.04. The business had revenue of $80.88 million during the quarter. Firefly Aerospace had a negative return on equity of 40.96% and a negative net margin of 181.16%.The business’s revenue for the quarter was up 44.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($5.09) earnings per share. Equities analysts anticipate that Firefly Aerospace, Inc. will post -1.95 earnings per share for the current 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.