Firefly Aerospace, Inc. $FLY Shares Acquired by Needham Investment Management LLC

Needham Investment Management LLC raised its holdings in shares of Firefly Aerospace, Inc. (NASDAQ:FLY) by 50.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,000 shares of the company’s stock after acquiring an additional 20,000 shares during the quarter. Needham Investment Management LLC’s holdings in Firefly Aerospace were worth $1,342,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets acquired a new position in shares of Firefly Aerospace in the third quarter worth $26,000. CIBC Private Wealth Group LLC acquired a new stake in Firefly Aerospace in the 3rd quarter worth approximately $26,000. NBC Securities Inc. acquired a new stake in shares of Firefly Aerospace in the fourth quarter worth $38,000. SBI Securities Co. Ltd. lifted its position in Firefly Aerospace by 74.6% during the 4th quarter. SBI Securities Co. Ltd. now owns 4,379 shares of the company’s stock worth $98,000 after acquiring an additional 1,871 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Firefly Aerospace during the third quarter valued at about $55,000.

Wall Street Analysts Forecast Growth

FLY has been the subject of several recent analyst reports. Weiss Ratings downgraded Firefly Aerospace from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, April 24th. UBS Group set a $33.00 price objective on shares of Firefly Aerospace in a research report on Thursday, March 12th. The Goldman Sachs Group lifted their target price on Firefly Aerospace from $29.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, April 20th. Roth Mkm boosted their price target on Firefly Aerospace from $35.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Finally, Morgan Stanley raised their price objective on Firefly Aerospace from $33.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. Seven investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Firefly Aerospace currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.20.

Firefly Aerospace Stock Performance

Shares of NASDAQ:FLY opened at $33.36 on Tuesday. The business has a fifty day moving average of $39.78 and a 200-day moving average of $29.35. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.53 and a current ratio of 2.53. Firefly Aerospace, Inc. has a twelve month low of $16.00 and a twelve month high of $73.80. The firm has a market cap of $5.35 billion and a PE ratio of -4.09.

Firefly Aerospace (NASDAQ:FLY) last posted its quarterly earnings data on Monday, May 4th. The company reported ($0.46) earnings per share for the quarter, beating the consensus estimate of ($0.50) by $0.04. Firefly Aerospace had a negative net margin of 181.16% and a negative return on equity of 40.96%. The firm had revenue of $80.88 million during the quarter. During the same quarter in the previous year, the business posted ($5.09) EPS. The company’s revenue was up 44.8% compared to the same quarter last year. On average, equities research analysts predict that Firefly Aerospace, Inc. will post -1.95 EPS for the current fiscal year.

Insider Buying and Selling

In other Firefly Aerospace 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 value of $169,620.64. Following the transaction, the general counsel directly owned 142,758 shares in the company, valued at approximately $6,429,820.32. This trade represents a 2.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 7.50% of the company’s stock.

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.